Siemens snaps up CD-adapco for a cool $1 billion
The rumors are finally confirmed: Siemens PLM is acquiring CD-adapco for $970 million. For those keeping track, that’s about a 5x revenue multiple. ADDED after this blog was first published at around 2PM ET on 25 January 2015 because people were asking for a bit...
Exa’s Q3 up 6% as reported on strong US performance
CFD company Exa reported results today that show how well recent investments in R&D are paying off: The company had solid, 16% constant currency (cc) growth in license revenue that lead to overall 14% cc revenue growth. The details: Total revenue for Q3 was $17...
Exa’s Q2 shows good progress
Exa reported results last week that show good progress, if not stellar growth. Total revenue in Q2 was $15.5 million, up 4% as reported and up 15% in constant currencies — more or less in line with prior guidance and Wall Street’s expectations. The details: License...
STAR Global highlights optimization & possibilities
Did I see you at CD-adapco’s STAR Global conference in San Diego a few weeks ago? No? That’s too bad — it was a dynamite event, with presentations galore, a beach party and even cake and champagne. It was a jam-packed event, culminating in hands-on and lecture-style...
So much news — so little time: ADSK, ANSS, SSYS
Wow – what a day. And it’s not even 9AM! First up, Autodesk says that most new commercial seats of standalone software will be sold via subscription beginning on February 1, 2016. From the company’s perspective, this move creates revenue stability and...
Exa’s Q3 at low end of guidance even with strong license growth
Exa Corp. reported Q3 results just now that show solid growth as customers continue to convert from consulting engagements (where Exa carries out projects) to software license buyers. Total revenue was up 13% to $16 million, at the low end of the guidance issued at...
Exa’s Q1 falls short — but for a good reason
Exa announced Q1 results on Thursday that were good, not great. Revenue was just under $14 million, at the low end of the company’s guidance but still up 10% year/year (y/y). Exa CEO Steve Remondi told investors that a few passenger car and heavy vehicle...
Morning coffee: recalls and virtual reality
Good morning! Hope you had an awesome weekend. Let’s get this week off to a good start by recapping what happened last week. It’s the Economy … Economic news continues to be mixed. Depending on where you are in the world, it’s looking up or slowing down;...
