Siemens DI software revenue up 14%, again led by EDA
Siemens DI software revenue up 14%, again led by EDA Siemens today reported decent results for its fiscal third quarter even with the stresses in component supply chains and the European energy markets. The part we care most about, Digital Industries, reported revenue...
Bentley reports solid, “straightforward” Q2
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...
Altair revenue up 11% in Q2 on strength in CAE
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,...
ANSYS Q2 beats expectations, raises annual guidance
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...
AVEVA’s CQ2 revenue down/flat cc but ARR up
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...
Hexagon’s Q2 revenue up 6% occ on strong demand across verticals and geos
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...
Earnings recaps: Cadence & Dassault Systèmes report solid results and talk acquisitions
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...
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
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...
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
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...
3 on a Friday: Bentley exits Russia, Mastercam holds a contest and the NYT says VC funding mixed
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...
Nemetschek invests in 4th startup in 14 months
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...
5 on a Friday: celebrations, acquisitions, investments & charges
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...
Quickie: Altair expands electronic system offering by acquiring Concept Engineering
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...
Altair acquires Univ of Bath startup for additive manufacturing
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...
2 on a Friday: Chaos buys into archviz and Modelon announces Q1 results
2 on a Friday: Chaos buys into archviz and Modelon announces Q1 results The beginning of the week featured Memorial Day here in the US and the week ends with the Jubilee of the Queen of England. The combo seems to have created a slow news week — but here are two...
Autodesk’s Q1 beats expectations, sets up for strong fiscal 2023
Autodesk’s Q1 beats expectations, sets up for strong fiscal 2023 You know me: cynical. When I saw that Autodesk had scheduled its earnings release for the Thursday before Memorial Day weekend, in a year that’s reputed to be “revenge...
Sandvik lays out CAM ambitions
Sandvik lays out CAM ambitions I am seriously behind on posting earnings writeups but for now, know that most companies reported good results for the March quarter and that our corner of the IT vendor space has little exposure to Russia and Belarus, so won’t see...
Digital transformation? Let’s talk.
Digital transformation? Let’s talk. I was at Autodesk’s Accelerate conference in New Orleans earlier this week. Many great speakers talked about how they are adapting to the realities they find themselves in—demanding customers, changing supply chains, squeezed...
