Sandvik kicks off PLMish earnings with flair
Sandvik kicks off PLMish earnings with flair Sandvik announced its fiscal third quarter earnings today, and the manufacturing solutions business led the way. Recall that the company is both acquiring (adding 5 cutting tool companies in Q3 alone) and divesting at the...
Deals, Deals, Deals: Hexagon & Ansys acquire tuck-ins, even as VCs slow their roll
Deals, Deals, Deals: Hexagon & Ansys acquire tuck-ins, even as VCs slow their roll PLMish companies continue to add incrementally to their offerings, though none has made a big, game-changing acquisition in a while. Today, Ansys said that it was adding thermal...
Travel, tech adoption & news from Tech Soft 3D, Hexagon & Sandvik
Travel, tech adoption & news from Tech Soft 3D, Hexagon & Sandvik I’ve been traveling for work for the last two weeks. When time permits, I’ll write about ESI LIVE 2022 and Autodesk University (AU), but I owe you a little catchup. It’s been...
Schneider Electric to buy rest of AVEVA
Schneider Electric to buy rest of AVEVA Schneider Electric announced today that it is going to go ahead with its plan to buy the 40% or so of AVEVA that it doesn’t already own. The company said that it will offer AVEVA shareholders £31 per share, which would...
3 on a Wednesday: Altair, Dassault Systèmes, and Trimble all acquire tech tuck-ins
3 on a Wednesday: Altair, Dassault Systèmes, and Trimble all acquire tech tuck-ins Venture funding may be drying up a bit, and valuations coming down just a little mean acquisition time. Three deals were announced in the last 40 hours or so: Altair announced that it...
4 on a Friday: Altair Radioss goes open source; PTC & TechSoft 3D acquire; and thank you, Ma’am
4 on a Friday: Altair Radioss goes open source; PTC & TechSoft 3D acquire; and thank you, Ma’am A lot is going on, so let’s get right to it: Altair has made the Radioss solver available via open source as OpenRadioss, available at www.openradioss.org....
ESI momentum may finally be building: H1 revenue up 6%
ESI momentum may finally be building: H1 revenue up 6% ESI Group today reported results for the second quarter and half year ending on June 30th. The details, then some comments: Revenue for the first six months of 2022 was €84 million, up 6% as reported and up 4% at...
And one more: Hexagon adds iConstruct
And one more: Hexagon adds iConstruct Ever have this feeling? You KNOW you forgot something but have no idea what? Well, here’s what I just forgot: Hexagon yesterday announced that it has acquired iConstruct, makers of construction automation solutions used in...
4 on a Friday: AspenTech and FARO acquire, Autodesk reports, and OpenFOAM is (still) independent
4 on a Friday: AspenTech and FARO acquire, Autodesk reports, and OpenFOAM is (still) independent A lot of things to catch up on before the weekend: AspenTech announced that it will acquire Micromine, maker of (you guessed it) mine design and management solutions for...
Super-quick: Schneider Electric may buy the rest of AVEVA
Super-quick: Schneider Electric may buy the rest of AVEVA Morning news troll. AVEVA shares up 30% — why? A tiny bit of surfing tells me that Schneider Electric says it is considering a possible offer to acquire the 41% of outstanding shares in AVEVA that it does...
Graphisoft at 40: Looking forward
Graphisoft at 40: Looking forward What do you do when you’re no longer a teenager in a world that prizes newness and chases the next hot thing? If you’re Graphisoft, you celebrate your 40th birthday while simultaneously showing that you’re just as capable as the new...
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...
