Bentley reports solid, “straightforward” Q2
Many signs are positive for AEC companies right now. Public spending on infrastructure is up, there's a renewed interest in oil and gas exploration and extraction, and we seem to have figured out how to do business even with shutdowns and sanctions -- leading AEC...
Altair revenue up 11% in Q2 on strength in CAE
Altair last night announced results for Q2 2022 -- and exceeded expectations in just about all revenue categories. The details: Total Q2 revenue was $133 million, up 11% as reported and up 16% in constant currencies, or ccSoftware product revenue was $117 million, up...
ANSYS Q2 beats expectations, raises annual guidance
Ansys last night reported Q2 GAAP revenue of $474 million, up 6% as reported and up 12% in constant currencies (cc) -- and handily ahead of expectations. The details: Within total revenue, Subscription and lease revenue was $135 million, up 4% (up 12% cc)Perpetual...
AVEVA’s CQ2 revenue down/flat cc but ARR up
AVEVA released one of its quick-and-cryptic investor communications this morning. It said revenue in the June quarter declined at "a mid-single digit rate ... on a constant currency basis" but was "flat on a reported currency basis, supported by the strengthening of...
Hexagon’s Q2 revenue up 6% occ on strong demand across verticals and geos
Hexagon reported results this morning that blew past analyst expectations. Total revenue in Q2 was €1,289 million, up 20% as reported and up 6% on an organic and constant currency basis (occ), beating analyst consensus. Happy investors. By business group, Industrial...
Earnings recaps: Cadence & Dassault Systèmes report solid results and talk acquisitions
Cadence reported results last night and offered more insight into its entry into the life sciences market. First, the results: Q2 revenue was $858 million, up 18%. By end segment: Digital IC revenue grew 14%; Functional Verification grew 13%; IP revenue grew 30%; and...
4 on a Monday: Cadence acquires in bioscience, ESI sells some CFD (NOT OpenFOAM), MuM announces Q2, and Hexagon gets into 80s rock — not really
A quick catch-up on some recent news as we get ready for a bumper crop of earnings this week: Cadence said it would acquire OpenEye Scientific Software, maker of molecular modeling and simulation software used by pharmaceutical and biotech companies, for about $500...
5 on a Monday: Addnode & Sandvik report Q2, Cadence acquires Future Facilities, Matterport adds to its real estate offering & Siemens snaps up ZONA for aero simulation
Yes, a quick catchup blog is unusual on a Monday, but I was traveling last week and am just now digging through the inbox. A lot happened while I was away! We had a couple of early earnings releases, and things seem positive so far, with a slight drag from exiting...
3 on a Friday: Bentley exits Russia, Mastercam holds a contest and the NYT says VC funding mixed
Was it a very long week for you, too? In the US, it started horribly, but it hasn't been great in a lot of places. I hope you and yours are safe and that the sun is shining. Anyway, a few bits to send you into your weekend: Bentley announced that it's withdrawing from...
Nemetschek invests in 4th startup in 14 months
The Nemetschek Group announced that it has invested in SymTerra, a UK startup working on a construction site communications platform. Nemetschek says SymTerra’s communication platform “allows easy, instant, and intuitive communication across multiple...