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Items filtered by date: November 2024 - CIMdata
L&T Technology Services, a leading global engineering and technology services company, has been inducted into the prestigious John Deere Supplier Hall of Fame for achieving Partner-level Supplier Status for five consecutive years in the John Deere Achieving Excellence (AE) Program. The Partner-level Supplier Status is John Deere’s highest supplier rating, awarded to businesses that demonstrate the highest standards of quality, delivery, and innovation. LTTS, headquartered in India, has received this distinguished recognition consecutively for FY2020, 2021 (in which it was also named Supplier of the Year), 2022, 2023, and 2024, exemplifying its unwavering commitment to excellence. The Hall of Fame induction underscores LTTS’ sustained success in delivering cutting-edge engineering and digital solutions across a range of services for John Deere in North America and India. These include engineering expertise in areas such as digital solutions, product simulation, embedded software development and validation, mechanical design, cost management, and advanced analysis, aftermarket and customer support. Suppliers participating in the
Published in Newsletter Articles
Science Applications International Corp., the nation’s leading mission integrator, announced that former senior advisor to President Trump and political strategist David Urban has been appointed to its Board of Directors, effective September 15, 2025. Urban has extensive experience across government, military, legal, private and public sectors, helping companies to navigate public policy and strategic communications challenges, as well as advising on corporate governance, risk management and organizational leadership. He will bring that wealth of expertise to his board position at SAIC. Mr. Urban has been appointed to serve on the Board’s Audit Committee and this increases SAIC’s Board from eleven to twelve members. “I am thrilled to welcome David to the Board of Directors at SAIC,” said Donna Morea, SAIC Board Chair. “His deep understanding of the federal government’s mission will be invaluable as the company continues to innovate, drive growth and seize future opportunities.” Urban currently holds positions as Managing Director
Published in Newsletter Articles
SEMI, the industry association serving the global semiconductor and electronics design and manufacturing supply chain, announced it has partnered with Arizona State University (ASU) to expand access to high-impact, on-demand training for the global semiconductor workforce. The newly launched courses, available through the SEMI University (SEMI U) learning platform, span emerging and foundational topics critical to today’s semiconductor professionals, including AI, packaging, process characterization, and operational excellence. The courses offer a certificate from ASU upon successful completion of each module. “Our partnership with ASU marks a significant step forward in delivering world-class semiconductor and AI education at scale,” said Shari Liss, Vice President of Global Workforce Development and Initiatives at SEMI. “Together, we’re equipping current and future professionals with the critical, in-demand skills needed to accelerate innovation and ensure the continued growth of our industry. These flexible, high-quality learning experiences reflect our shared commitment to workforce excellence and global access.” SEMI U featured courses with ASU
Published in Newsletter Articles
Centric Software® is proud to announce the launch of its new native mobile application for iOS and Android, purpose-built for today’s hybrid, fast-paced product development teams. The app redefines how brands and retailers engage with Product Lifecycle Management (PLM) by enabling teams to work anytime and anywhere with actionable, up-to-date information for maximum speed and agility. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, luxury, footwear, outdoor, home, cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals. Delivering a high-performance experience that goes far beyond mobile web access, the Centric PLM app provides seamless access to real-time product data and workflows through a clean, intuitive interface. With no configuration required, users can simply log in and instantly collaborate, review and update information on the go. Whether on the
Published in Newsletter Articles
 PDF Harnessing complexity for a competitive advantage Takeaways Siemens is continuing its move to SaaS and cloud delivery of its Siemens Xcelerator industrial software portfolio with strong adoption by small- to medium-sized businesses. Product, manufacturing, and supply chain complexity continues to increase, and Siemens is developing solutions that will help their customers harness that complexity to achieve a competitive advantage. Teamcenter can now identify and report on software and hardware compatibility within a product. This enables a company to initially deliver the correct combination and maintain the correct compatibility throughout the product’s life, as both its software and hardware evolve. Siemens continues to embed AI at all levels and use it throughout their solution portfolio. AI is part of their solutions, not just as a technology add-on. Additionally, Siemens is constructing an Industry Foundation Large Language Model based on their decades of industrial experience, deep, rich data sets, and manufacturing best practices. CIMdata attended Siemens
Published in Commentaries
CAM Market Grew by 6.2% in 2024 ANN ARBOR, Michigan, USA 28 July 2025—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the 2025 CIMdata CAM Market Analysis Report (MAR), the 33rd annual study of the global Computer-Aided Machining (CAM) market. CIMdata estimates that, based on end-user payments, the worldwide CAM software and related services market grew by 6.2% in calendar year 2024. The estimated end-user payments grew from $2.7 billion in 2023 to $2.9 billion in 2024. CIMdata projects that the CAM market, along with the entire PLM Economy, will continue to grow in 2025. CIMdata estimates end-user payments for CAM software will increase by 7.5% to just over $3 billion. Since 2002, the CAM software market has exhibited modest yet steady growth as global economies generally improved. There has been worldwide growth in the sale of machine tools and manufacturing output; greater emphasis
Published in News & Press
Second quarter 2025 − 3% organic revenue growth (using fixed exchange rates and a comparable group structure) − Net sales increased by 1% to 1,370.7 MEUR (1,353.4) − Net sales including the reduction of acquired deferred revenue amounted to 1,369.9 MEUR (1,353.4) − Adjusted gross margin of 67.0% (67.3) − Adjusted operating earnings (EBIT1) decreased by -10% to 360.6 MEUR (399.5) − Adjusted operating margin amounted to 26.3% (29.5) − Earnings per share, excluding adjustments, amounted to 9.8 Euro cent (10.8) − Earnings per share, including adjustments, amounted to 8.4 Euro cent (9.6) − Operating cash flow before non-recurring items increased to 270.8 MEUR (248.5) − Cash conversion amounted to 104% (85) − Recurring revenue grew 4% organically and amounted to 571.0 MEUR (560.7) To view the original press release, please click here. Search for Hexagon on CIMdata.com
Published in Newsletter Articles
Materialise NV, a leading provider of additive manufacturing and medical software and of sophisticated 3D printing services, announced its financial results for the second quarter ended June 30, 2025. Highlights — second quarter 2025 Total consolidated revenue decreased 5.8% to 64,831 kEUR compared to the corresponding 2024 period; however at the same time our Materialise Medical segment showed a further 16.7% growth. Gross profit as a percentage of revenue for the second quarter of 2025 increased to 58.3%, compared to 57.0% for the corresponding 2024 period. Adjusted EBIT improved to 3,058 kEUR for the second quarter of 2025 from 646 kEUR for the first quarter of 2025, although it remained below the 3,872 kEUR of the corresponding 2024 period. Net result for the second quarter remained positive at 199 kEUR, or 0.0 EUR per diluted share, despite a significant impact from unfavorable exchange rate fluctuations. Driven by positive free cash flow during the first half of 2025, our reported
Published in Newsletter Articles
Improving adjusted EBIT in Q2 Quarter, April - June ARR amounted to MSEK 55.5 (51.1), an annual growth of 9%. Net revenue amounted to MSEK 18.5 (21.9), of which software revenue was MSEK 14.4 (14.4). Cash flow from operations amounted to MSEK -14.6 (-14.6). Adjusted EBIT amounted to MSEK -9.4 (-11.4). Operating expenses were MSEK 33.2 (34.8), including non-recurring items of MSEK 5.2 (1.5) and development costs of MSEK 10.5 (13.5). Net profit amounted to MSEK -14.6 (-12.4). Earnings per share amounted to SEK -0.85 (-1.13) before dilution. Period, January - June Net revenue amounted to MSEK 38.9 (40.2), of which software revenues were MSEK 29.6 (27.9). Adjusted EBIT amounted to MSEK -17.7 (-25.8). Operating expenses were MSEK 62.8 (68.7), including non-recurring items of MSEK 5.2 (1.5). Net profit amounted to MSEK -23.7 (-26.6). Earnings per share amounted to SEK -1.37 (-2.41) before dilution. Comments from the CEO Business update Annual recurring product revenues increased by 9 percent year-over-year in constant currencies, driven by a solid
Published in Newsletter Articles
In Düsseldorf, Deloitte has opened the "Smart Factory", a model factory where customers can experience Industry 4.0 live. It is intended for all industries involved in the development and production of cyber-physical systems and which have to organize collaboration between different specialist departments and integrate a large number of stakeholders inside and outside the company. Deloitte and PROSTEP have implemented a number of practice-oriented use cases for end-to-end data processes at the factory, with a digital process chain that links requirements engineering, model-based systems engineering and development serving as an example. The use cases demonstrate how end-to-end traceability works and how the foundation for AI-assisted processes can be laid. The two partners worked closely together on developing the end-to-end engineering process chain, bringing together both Deloitte's process know-how and PROSTEP's PLM integration know-how. PROSTEP's time-tested OpenPDM solution, which is part of its digital thread platform, provides the basis for the integration solution. It offers standard
Published in Newsletter Articles
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