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...
5 on a Friday: celebrations, acquisitions, investments & charges
Before anything else: Canadians, happy Canada Day! Americans, get that barbecue ready and have a great 4th of July! Everybody else, have a restful weekend - or join us. We'll put a vegan hot dog on the grill for you. On to the news: First off, Altair confirmed that...
Quickie: Altair expands electronic system offering by acquiring Concept Engineering
Altair just announced that it has acquired Concept Engineering, maker of schematic generation tools, electronic circuit and wire harness visualization platforms, and electronic design debugging tools. The visualization and debug technology is available as a standalone...
Altair acquires Univ of Bath startup for additive manufacturing
Altair just announced that it has acquired Gen3D, a "startup out of the University of Bath, U.K". I wasn't aware that Gen3D but Altair characterizes the company as "implementing the implicit geometry method for describing highly complex geometries such as lattice...