Updated: MSC interim CEO definitely in charge
MSC Software announced this afternoon that its results were within guidance and that it is seeing the same declines in new license revenue shown by other PLM suppliers. MSC reported total revenue for the first quarter to $53.6 million, down 12% from last year, led by...
Dassault Systèmes sees tough times continuing
As expected, DS reported that the economic conditions seen in the fourth quarter continuedin the first, leading to a constriction in spending on new licenses as companies scaled backimplementations. Total revenue for the quarter was EU309.7 million, up 1% as reported...
PTC Reports: Total Revenue Down 13%, Lowers 2009 Forecast on fx
PTC today reported total fiscal Q2 revenue of $225.3 million, down 13% from a year ago.License revenue was down a staggering 46% to $42.1 million; maintenance at $122.6million was down 1% and services at $60.6 million was actually up slightly over last year.Not...
Trip Report: Arizona in April
- is lovely. Stark brown scrubby hills surrounding the city of Phoenix -- which stretches onforever. I will definitely go back to climb some of those hills someday, if I can convincemyself that the scorpions and rattlers are more afraid of me than I of them.I attended...
Updated: AVEVA sees tough times ahead as license revenue falls.
AVEVA has announced that it expects to report record revenue for the year ended March 312009, but that delays in new projects by the company's core vertical customers will result ina 30% to 40% decline in initial license revenue for the 2009/2010 fiscal year. In...
Surprise! Oracle buys Sun
It hit the wires this morning: Oracle has agreed to pay $9.50 a share for Sun, a transactionthe companies have valued at $5.6 billion, excluding Sun's cash and debt. The deal givesOracle the ability to sell hardware as well as its database technology -- and perhaps...
WSJ says venture capital at 11-year low
The Wall Street Journal today has a bunch of stats related to investment by venture firmsover the last several months. A quick summary: In Q1 2009, VCs invested only half asmuch as a year ago -- still close to $4 billion but the lowest amount since 1998. Thenumber of...
Dassault Systèmes reports a tough Q1
Dassault Systèmes reported that Q1 revenue was around EU310 million, far lower than theearlier target of EU325 million to EU335 million. Said CEO Bernard Charlès in a preparedstatement, "Revenue grew a modest 1% year-over-year, as the business environment,...
Intel thinks we’ve bottomed out
Earnings season is slowly starting. No, Intel is not a PLM company, but it is an importantindicator of global demand. Intel today reported first quarter revenue of $7.1 billion, operatingincome of $670 million and net income of $647 million. The net is far higher than...
Every PLM vendor hearts unemployed engineers and designers!
A bit of an editorial: After yesterday's barrage of offers of help for unemployed designers andengineers (following the trickle of offers earlier in the year), I asked around to see if anyother vendors were embarking on similar programs. I somehow missed Bentley's...