Carl Bass on R&D
One of the most interesting aspects of the Autodesk Q2 earnings call was a short discussion on R&D expenditures. Autodesk was making the case that it was poised to withstand the economic downturn, however long it may last, because it has been managing budgets to...
Autodesk’s ‘triple whammy’ in Q2
[In colloquial English, a “double whammy” is when something causes two problems at once.]The media (and investment analysts) have focused on the positive news to come out of Autodesk’s Q2 earnings release, all showing a sequential improvement: • Manufacturing division...
ESRI’s Jack Dangermond profiled in IBD
I’ve been fortunate over a long career to meet many amazing people. One of the most interesting has just been profiled by Investors Business Daily in their series on entrepreneurs: ESRI founder Jack Dangermond, arguably the “creator” of GIS. Jack’s built what appears...
Some aspects of Autodesk’s business show improvement in Q2
Autodesk today announced results for its July quarter that were in-line expectations but still depressing. Total revenue for the quarter was $415 million, down 3% sequentially and down 33% from the second quarter of fiscal 2009.CEO Carl Bass said that these results...
More on ANSYS and MSC Q2 — are we at the bottom of the U? W?
MSC Software and ANSYS filed quarterly reports with the SEC on Friday, so we now have more information about each company’s Q2. Recall that MSC didn’t hold a conference call for analysts because of the pending acquisition by Symphony Technology Group; ANSYS did hold a...
ANSYS reports mixed Q2 and lower 2009 forecast
ANSYS reported second quarter results today that highlight the difficulties certain parts of the global economy continue to face. For Q2, ANSYS reported total GAAP revenue of $122.0 million, up 10% from $111.2 million in the second quarter of 2008 and up 5%...
MSC revenue down 19%, reports net loss
MSC Software reported results tonight and has announced that it will not hold the earnings call previously scheduled for tomorrow afternoon because of its expected acquisition by Symphony Technology Group.For the second quarter, total revenue was $51.7 million, down...
SolidWorks Stimulus Package helping thousands
Not to be outdone, SolidWorks issued a press release about its displaced worker program, the SolidWorks Engineering Stimulus Package. Since it was unveiled on April 6, over 9,000 displaced designers and engineers have taken advantage of the free SolidWorks CAD...
DS Q2 revenue down 5% but profit down 41%
Dassault Systèmes reported today that Q2 revenue fell 5% from a year ago to 310.9 million euros, the high end of its earlier guidance, while net profit fell 41% to 25.7 million euros from 43.2 million euros. On a sequential basis, however, revenue was flat to up...
Autodesk displaced worker program expands to N. Europe
Autodesk announced today that it was rolling out its program for displaced designers and engineers in Northern Europe, with more regions to follow. The Autodesk Assistance Program has been operational in North America since April and reports that, to date, nearly 7000...