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Items filtered by date: November 2024 - CIMdata
FARO® Technologies, Inc., a global leader in 4D digital reality solutions, announced that after market close on Monday, February 24, 2025, it will release its financial results for the fourth quarter and full year ended December 31, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Monday, February 24, 2025, at 4:30 pm. ET. Interested parties can access the conference call by dialing +1 800-579-2543 (U.S.) or +1 785-424-1789 (International) and using the passcode FARO. To avoid a delay in connecting to the call, please dial in 10 minutes prior to the start time. A live webcast will be available in the Investor Relations section of FARO's website at: https://www.faro.com/about-faro/investor-relations/events A replay of the webcast will be available in the Investor Relations section of the company's web site approximately two hours after the conclusion of the call and remain available for approximately
Published in Newsletter Articles
This presentation is part of CIMdata’s educational webinar series. ANN ARBOR, Michigan, USA 18 February 2025—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces an upcoming free educational webinar, “The What and Why of Digital Threads and Twins – A Report from the Field.” This insightful webinar will take place on Thursday, 13 March 2024, at 11:00 a.m. (EDT) and will last for one hour. Digital threads and digital twins do not create product data; instead, they serve as frameworks for interrelating and combining product lifecycle data to provide valuable insights about a product and how it is produced, operated, and serviced. This webinar will explain the what and the why of digital threads and twins. The possibilities are limitless and represent both the challenge and the opportunity. This webinar will also present early findings from an ongoing research project involving several major industry organizations, including the AD PAG,
Published in News & Press
 PDF Key Takeaways A digital thread provides greater end-to-end visibility and connectivity across the product lifecycle enabling seamless data flow across processes, systems, and stakeholders. This enhances visibility, traceability, and context of data, which in turn improves decision making and improves efficiency by ensuring real-time access to accurate, up-to-date information throughout design, manufacturing and operations. Organizations aiming for a digital thread should have a holistic vision but pursue an incremental approach focusing on areas that deliver the most value and then scaling over time, which reduces risk and improves their ability to continually transform. When building digital threads, prioritize streamlining the IT architecture by consolidating to fewer platforms and integrating them well for enhanced data quality and connectivity. Challenge of Market Demands, Customer Preferences, and Increasing Complexity The challenges of aligning with evolving market demands, meeting customer preferences, and managing increasing complexity continue to grow for modern businesses. Companies are navigating a landscape marked by sophisticated
Published in Commentaries
Hewlett Packard Enterprise will conduct a live audio webcast of a conference call with analysts to review financial results for the first quarter of fiscal 2025, which ended January 31, 2025. The call is scheduled for Thursday, March 6, at 4:00 p.m. CT (5:00 p.m. ET), and the webcast will be available at www.hpe.com/investor/2025Q1Webcast. A replay of the webcast will be available at the same website shortly after the call and will remain available for approximately one year. For additional information, see investors.hpe.com. To view the original press release, please click here. Search for HPE on CIMdata.com
Published in Newsletter Articles
Informatica, an enterprise cloud data management leader, announced financial results for its fourth quarter and full-year 2024, ended December 31, 2024. "The power of our cloud-only, consumption-driven strategy was evident throughout 2024, as highlighted by 34% growth in Cloud Subscription ARR, a Cloud Subscription Net Revenue Retention of 124% and 32.8% Non-GAAP Operating Margin,” said Amit Walia, Chief Executive Officer at Informatica. “Although we encountered unexpected headwinds in the fourth quarter, we're entering 2025 with strong fundamentals and clear line of sight to reaching $1 billion in Cloud Subscription ARR by the end of the year." Fourth Quarter 2024 Financial Highlights: GAAP Total Revenues decreased 3.8% year-over-year to $428.3 million. Fourth quarter total revenues included a positive impact of approximately $1.3 million from foreign currency exchange rates (FX) year-over-year. Adjusted for FX, total revenues decreased 4.1% year-over-year. This result was below the midpoint of our guidance by $29.7 million, due primarily by four
Published in Newsletter Articles
JBT Marel Corporation announced that it will report JBT fourth quarter and full year 2024 financial results and provide highlights on Marel’s full year 2024 results after the market closes on Monday, February 24, 2025. JBT Marel will host an earnings conference call on Tuesday, February 25, 2025, at 10:00 AM ET to discuss JBT and Marel’s 2024 financial results and provide updates on the combined company, including the 2025 outlook. The conference call will be conducted as a live webcast and is accessible through this link: Webcast Registration. The webcast will also be available for replay shortly after the conference call ends. This information is also available on the Company’s Investor Relations Website. To view the original press release, please click here. Search for JBT Marel on CIMdata.com
Published in Newsletter Articles
Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2024. Audit procedures have been performed by the Statutory Auditors. The certification report will be issued at the end of the Board of Director’s meeting of February 27, 2025. To facilitate analysis of the Group's results, the accounts of Lectra excluding Launchmetrics (the "Lectra 2023 scope") are analyzed separately from the Launchmetrics accounts. The detailed 2024 vs 2023 comparisons for the Lectra 2024 scope and for Launchmetrics are based on actual exchange rates, whereas the comparisons for the Lectra 2023 scope are stated on a like-for-like basis. SUMMARY OF THE YEAR 2024 The year 2024 was marked by a severely degraded macroeconomic and geopolitical environment, prompting the Group's customers to exercise prudence in their investment decisions, though situations varied across geographies and market sectors. Under these conditions, for the Lectra 2023 scope, orders for new systems were
Published in Newsletter Articles
Procore Technologies, Inc., the leading global provider of construction management software, announced financial results for the fourth quarter and full year ended December 31, 2024. “Our strong topline performance exceeded expectations, reinforcing our momentum heading into FY25,” said Tooey Courtemanche, Founder, President, and CEO of Procore. “The magnitude of high-quality, large transactions reflects the trust our customers place in us, and the strength of our market position.” “2024 was another year of strong margin expansion delivering 800 basis points of non-GAAP operating margin improvement. Our Q4 results are not indicative of the operating margin you should expect for FY25,” said Howard Fu, CFO of Procore. “We have ambitious goals to be a high margin business and we are committed to making further strides toward those goals in 2025 and beyond.” Fourth Quarter 2024 Financial Highlights: Revenue was $302 million, an increase of 16% year-over-year. GAAP gross margin was 81% and non-GAAP gross margin was 85%. GAAP
Published in Newsletter Articles
Siemens had a successful start to fiscal 2025 with a strong performance in the first quarter (ended December 31, 2024) and generated positive momentum for further growth. “With a promising start to fiscal 2025, we are creating clear momentum for continued value creation for our stakeholders. Our technologies enable our customers to combine the real and digital worlds to improve competitiveness, resilience and sustainability. We see strong traction in bringing real world impact with our leadership in industrial AI,” said Roland Busch, President and CEO of Siemens AG. “With free cash flow of €1.6 billion, we have significantly exceeded the prior-year performance and created an excellent foundation for a successful fiscal 2025. Proceeds of €3.1 billion from the sale of Innomotics further contribute to our position of financial strength, and we will continue to focus on execution excellence to create long-term value for our shareholders. For fiscal 2025, we confirm our outlook,” said Ralf P. Thomas, Chief Financial Officer of Siemens AG. Very strong net income
Published in Newsletter Articles
AVEVA, a global leader in industrial software, and HPCL Mittal Energy Limited (HMEL), a leading Indian integrated refining and petrochemical company, have signed a landmark Memorandum of Understanding (MOU). The agreement enables both companies to advance digital transformation in India's refining and petrochemical sector, aligning with the government's Digital India and Atmanirbhar Bharat initiatives while supporting the nation's Net-Zero 2070 vision. With India's refining capacity set to increase from 250 million metric tons per annum (MMTPA) to 450 MMTPA by 2030, digital solutions will be crucial to ensuring facilities operate at global standards of efficiency and sustainability. AVEVA offers its portfolio of industrial software solutions, including its cloud-based industrial platform, digital twins, advanced analytics, and AI-driven technologies, along with comprehensive support services and global implementation expertise. A digital-first organisation, HMEL operates one of India’s most modern integrated refinery-petrochemical complexes - the ‘Guru Gobind Singh Refinery’ - in Bathinda, Punjab. With powerful capabilities in refining
Published in Newsletter Articles
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