PTC’s FQ3 a story of big deal misses and IoT growth

PTC’s FQ3 a story of big deal misses and IoT growth

Jul 30, 2015 | Hot Topics

As PTC announced a few weeks ago, fiscal third quarter (FQ3) revenue was $304 million, below the company forecast of $306 million to $311 million. What happened in the quarter to cause revenue to be below expectations? It comes down to two things: PTC’s reliance on...
PTC’s FQ3 a story of big deal misses and IoT growth

Quickie: DS blows by Q2 forecast

Jul 23, 2015 | Hot Topics

Dassault Systèmes reported today that Q2 revenue was €716 million, up 29% as reported (and up 16% in constant currency) year/year. The company had forecast non-IFRS total revenue of around €675 million and just reported non-IFRS Q2 revenue of €723 million. Some of...
PTC’s FQ3 a story of big deal misses and IoT growth

MuM reports H1 up 15%, VAR up 10% or so ex-fx

Jul 22, 2015 | Hot Topics

German reseller and software developer Mensch und Maschine (MuM) releases its earnings shortly before other PLM companies and often signals whether the market is doing well — if the company’s Q2 report is anything to go by, it should be a decent earnings...
PTC’s FQ3 a story of big deal misses and IoT growth

AVEVA’s trading update: all going as planned

Jul 14, 2015 | Hot Topics

AVEVA issued another one of its periodic trading updates last week: In a very brief statement, AVEVA said that it hasn’t seen any change in the business climate since its May report and that the continued strengthening of the British pound continues to drag down...
PTC’s FQ3 a story of big deal misses and IoT growth

PTC starts earnings with a warning, deals slipping

Jul 13, 2015 | Hot Topics

PTC last week said that its fiscal third quarter (ended June 30) would be a bit light, as it expects to report GAAP revenue of $303 million, short of its own forecasts and analysts consensus of $310 million and down about 10% from a year ago. Not surprising, then,...
PTC’s FQ3 a story of big deal misses and IoT growth

Bentley Systems files preliminary paperwork for an IPO

Jul 8, 2015 | Hot Topics

Not to be all-Bentley-all-the-time, but … this is big news. This morning Bentley Systems announced that it’s filed preliminary documents with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its class B shares. This...
Bentley Systems at 30 — no slowing down

Bentley Systems at 30 — no slowing down

Jul 6, 2015 | Hot Topics

Who are these handsome young men and women? None other than the founders and first employees of Bentley Systems, the AECO company, taken in 1986 in front of what must have been a very sweet ride: Bentley Systems turned 30 last year, a milestone celebrated in the...
PTC’s FQ3 a story of big deal misses and IoT growth

Exa’s Q1 up 7% as reported, up 18% in cc

May 28, 2015 | Hot Topics

Exa Corp. just reported that FQ1 revenue was up a strong 7% as reported and up 18% in constant currencies to $14.8 million, right in the middle of the earlier forecast of $14.5 million to $15.1 million and ever so slightly ahead of Wall Street’s consensus. More...
PTC’s FQ3 a story of big deal misses and IoT growth

Autodesk’s Q1 revenue up 9%; outlook less rosy

May 19, 2015 | Hot Topics

Autodesk just reported Q1 results that are pretty good, but investors are likely to focus on rising costs and a gloomier outlook for the rest of the year. Total revenue in Q1 was $647 million, up 9% as reported and up 13% in constant currencies (cc), just a bit above...