Carl Bass on R&D

One of the most interesting aspects of the Autodesk Q2 earnings call was a short discussion on R&D expenditures. Autodesk was making the case that it was poised to withstand the economic downturn, however long it may last, because it has been managing budgets to...

Autodesk’s ‘triple whammy’ in Q2

[In colloquial English, a “double whammy” is when something causes two problems at once.]The media (and investment analysts) have focused on the positive news to come out of Autodesk’s Q2 earnings release, all showing a sequential improvement: • Manufacturing division...

Some aspects of Autodesk’s business show improvement in Q2

Autodesk today announced results for its July quarter that were in-line expectations but still depressing. Total revenue for the quarter was $415 million, down 3% sequentially and down 33% from the second quarter of fiscal 2009.CEO Carl Bass said that these results...

More on ANSYS and MSC Q2 — are we at the bottom of the U? W?

MSC Software and ANSYS filed quarterly reports with the SEC on Friday, so we now have more information about each company’s Q2. Recall that MSC didn’t hold a conference call for analysts because of the pending acquisition by Symphony Technology Group; ANSYS did hold a...

ANSYS reports mixed Q2 and lower 2009 forecast

ANSYS reported second quarter results today that highlight the difficulties certain parts of the global economy continue to face. For Q2, ANSYS reported total GAAP revenue of $122.0 million, up 10% from $111.2 million in the second quarter of 2008 and up 5%...

MSC revenue down 19%, reports net loss

MSC Software reported results tonight and has announced that it will not hold the earnings call previously scheduled for tomorrow afternoon because of its expected acquisition by Symphony Technology Group.For the second quarter, total revenue was $51.7 million, down...

DS Q2 revenue down 5% but profit down 41%

Dassault Systèmes reported today that Q2 revenue fell 5% from a year ago to 310.9 million euros, the high end of its earlier guidance, while net profit fell 41% to 25.7 million euros from 43.2 million euros. On a sequential basis, however, revenue was flat to up...

PTC Q3 in-line but lowers Q4 outlook

PTC announced last night that Q3 revenue (for the period ended June 30) was $226.2 million, compared to earlier guidance of between $220 million and $230 million, bolstered by a $3 million positive currency trend. The company lowered its revenue guidance for Q4 by...

And the market breathes a sigh of relief …

I’ve been wrong so often on pre-announcements that I waited this time until companies announce their earnings dates: ANSYS and PTC both announced today the dates and times of their June quarter earnings calls, which means that neither is likely to announce results...

AVEVA sees strength in plant, decline in shipbuilding

AVEVA Group provided an update on market conditions from April 1 through June 30 ahead of its shareholder meeting today. The brief note said that the company saw an expected decline in new license sales in the marine sector even though shipyards’ order books for new...