Industry Summary Articles

Altair, a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and AI, released its financial results for the second quarter ended June 30, 2022. “Altair had a strong second quarter, driven by high double-digit software revenue growth,…

Trimble Inc. announced financial results for the second quarter of 2022. Second Quarter 2022 Financial Highlights Revenue of $941.2 million, up 6 percent excluding the effects of divestitures, acquisitions, and foreign currency translation Annualized recurring revenue (ARR) was $1.51 billion, up 12 percent year over year GAAP operating income was $134.9 million and non-GAAP operating…

Cadence Design Systems, Inc. announced the availability of the industry’s first Verification IP (VIP) and System-Level VIP (System VIP) for the Compute Express Link (CXL) 3.0 standard to accelerate the adoption of the new technology. The Cadence VIP for CXL 3.0 is integrated with the Cadence VIP for PCI Express® (PCIe®)…

OpenText™, announced Cloud Editions 22.3 (CE 22.3). Building on its 90-day release cycles for new capabilities, this new set of innovations from OpenText on their Project Titanium roadmap is fueling the future for more integrated information management in the cloud. As a global leader in information management, OpenText continues to invest in…

Elysium has released CADdoctor for Autodesk Moldflow 2021.3. Key Enhancement Added support for the latest CAD versions Import Options Versions added in 2021.3 Supported Versions CATIA V5 R32(V5-6R2022) R7 – R32(V5-6R2022) NX NX 2007 Series UG10 – NX 2007 Series To view the original press release, please click here. Search…

ANSYS, Inc. reported second quarter 2022 GAAP and non-GAAP revenue growth of 6% and 5% in reported currency, respectively, or 13% and 12% in constant currency, respectively, when compared to the second quarter of 2021. For the second quarter of 2022, the Company reported diluted earnings per share of $1.13…

DXC Technology reported results for the first quarter of fiscal year 2023. Mike Salvino, DXC Chairman, President and Chief Executive Officer commented: “Our transformation journey is creating value and we are confident that we are taking the right steps for DXC in the short term that will set us up…

FARO® Technologies, Inc., a global leader in 4D digital reality solutions, announced its financial results for the second quarter ended June 30, 2022. "Improving demand for our products, including the recently launched Focus Premium laser scanner and Quantum Max scan arm generated revenue of $79.9 million or $83.9 million on a constant currency basis, adjusting for…

Stratasys Ltd., a leader in polymer 3D printing solutions, announced financial results for the second quarter of 2022. Summary - Second Quarter 2022 Financial Results Compared to Second Quarter 2021: Revenue of $166.6 million, compared to $147.0 million. GAAP gross margin of 40.5%, compared to 43.0%. Non-GAAP gross margin of…

Synopsys, Inc. announced it will report results for the third quarter fiscal year 2022 on Wednesday, August 17, 2022, after the market close. A conference call to review the results will begin at 2:00 p.m. PT (5:00 p.m. ET) and will be hosted by Aart de Geus, chairman and chief executive officer, and Trac Pham,…