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Procore Technologies, Inc., the leading global provider of construction management software, announced financial results for the second quarter ended June 30, 2024. “We are in the early innings of transforming one of the largest and least digitized industries in the world,” said Tooey Courtemanche, Founder, President, and CEO of Procore. “I am excited about the future of Procore as we embark on the next phase of our journey by connecting everyone in construction on a global platform.” “We delivered a record operating margin in Q2 as we continue to demonstrate improved operating leverage in the business,” said Howard Fu, CFO of Procore. “Our financial model gives us the flexibility to accelerate our investment in go-to-market and capture the long-term growth opportunity ahead.” Second Quarter 2024 Financial Highlights: Revenue was $284 million, an increase of 24% year-over-year. GAAP gross margin was 83% and non-GAAP gross margin was 87%. GAAP operating margin was (5%) and non-GAAP operating margin

PTC reported financial results for its third fiscal quarter ended June 30, 2024. “In our third fiscal quarter, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique product portfolio to help product companies accelerate time to market and manage increasing complexity. It’s an exciting time because our products are at the epicenter of driving business transformation at our customers. We are strengthening our ability to scale our business by continuing to align our resources with our five focus areas,” said Neil Barua, CEO, PTC. Fiscal 2024 and Q4’24 Guidance “In a selling environment that continued to be challenging, our Q3’24 ARR grew 10% year over year, and constant currency ARR grew 12% year over year, driven by our differentiated product portfolio, the resilience of our subscription business model, operational discipline, and

Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, and Altium Limited (“Altium”), a global leader in electronics design systems, announced the successful completion of the acquisition of Altium by Renesas. The definitive agreement to acquire Altium was announced on February 15, 2024.  The combination sets the foundation for Renesas and Altium to create an innovative electronics system design and lifecycle management platform. The platform will deliver integration and standardization of various electronic design data and functions and enhanced component lifecycle management, while enabling seamless digital iteration of design processes to increase overall productivity. This brings significantly faster innovation and lowers barriers to entry for system designers by reducing development resources and inefficiencies.  "This is a historical milestone for both Renesas and Altium as we take another important step forward in bringing enhanced user experience for electronics system designers,” said Hidetoshi Shibata, CEO of Renesas. “The integrated and open electronics system design and lifecycle

The Board of Directors of Capgemini SE, chaired by Paul Hermelin, convened yesterday in Paris to review and adopt the accounts[1] of Capgemini Group for the first half of 2024. Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said: “As expected, our growth trajectory started to improve in Q2 and is trending in the right direction in almost all businesses, sectors and regions. The recovery is particularly visible in North America. However, the slope of recovery in the second half will be affected by the recent deterioration of the outlook in the automotive and aerospace sectors and the slower recovery in financial services. In this context, we now expect a low single-digit constant currency exit rate, and target a constant currency growth rate of -0.5% to -1.5% for the full year. Despite this, we confirm our operating margin and free cash flow targets for the full year, demonstrating the resilience of the

The CENIT Group continues to pursue its growth path also in the second quarter of 2024 and achieved sales revenue of EUR 99,355 k (previous year: EUR 87,470 k/+13.6%). Sales of third-party software increased by 13.4% to EUR 50,771 k (prior year: EUR 44,754 k). Sales of CENIT's own software increased significantly from EUR 7,637 k to EUR 9,291 k (+21.7%). Sales revenues in the CENIT consulting and services segment increased by 12.0% to EUR 39,210 k (previous year: EUR 35,008 k). Gross profit (operating performance less cost of materials) amounted to EUR 57,464 k (previous year: EUR 52,770 k) and thus increased by 8.9%. CENIT achieved EBITDA of EUR 5,796 k (previous year: EUR 5,746 k/+0.9%) and EBIT of EUR 2,006 k (previous year: EUR 2,620 k/-23.4%), which was mainly due to acquisition costs and higher depreciation and amortization in relation to company acquisitions. Earnings per share amounted to Cent

Revenue of $38.9 million compared to $53.3 million for the same period a year ago Q2 net loss of $(103.4) million, impacted by one-time noncash charges related to accelerated amortization and depreciation on certain intangible and fixed assets Adjusted EBITDA of $(13.2) million, an improvement from $(15) million from Q2 2023 Quarterly GAAP operating expenses increased to $69.1 million due to accelerated amortization and depreciation from discontinued operations. Ongoing cost reductions delivered non-GAAP operating expenses of $27 million, a 22% year-over-year improvement Services revenue in support of current and prospective customers increased 27% to $7.5 million, up from $5.9 million a year ago. Announced definitive merger agreement for a proposed business combination with Nano Dimension Desktop Metal, Inc., a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the second quarter ended June 30, 2024. “Since the beginning of 2022, Desktop Metal has worked tirelessly to align our cost structure

Honeywell announced results for the second quarter that met or exceeded the company's guidance. The company also updated its full-year sales, segment margin2, adjusted earnings per share2,3, and cash flow guidance ranges. The company reported second-quarter year-over-year sales growth of 5% and organic1 sales growth of 4%, led by double digit organic1 sales growth in defense and space, commercial aviation, and building solutions. Operating income grew 5% and operating margin expanded 10 basis points to 20.7%, while segment profit1 grew 4% led by Aerospace Technologies. Segment margin1 contraction of 10 basis points was above the midpoint of our guidance range. Earnings per share for the second quarter was $2.36, up 6% year over year, and adjusted earnings per share1 was $2.49, up 8% year over year, above the high end of our guidance range. Operating cash flow was $1.4 billion and free cash flow1 was $1.1 billion, approximately flat year over year. "Honeywell delivered a strong second quarter, once again meeting or exceeding guidance across

IBM announced second-quarter 2024 earnings results. "We had a strong second quarter, exceeding our expectations, driven by growth in both revenue and free cash flow. We continue to see that clients turn to IBM for our technology and our expertise in enterprise AI, and our book of business for generative AI has grown to more than two billion dollars since the launch of watsonx one year ago," said Arvind Krishna, IBM chairman and chief executive officer. "Given our first-half results, we are raising our full-year view of free cash flow, which we now expect to be more than $12 billion."  Second-Quarter Highlights Revenue - Revenue of $15.8 billion, up 2 percent, up 4 percent at constant currency - Software revenue up 7 percent, up 8 percent at constant currency - Consulting revenue down 1 percent, up 2 percent at constant currency - Infrastructure revenue up 1 percent, up 3 percent at constant currency Profit Margin - Gross Profit

Informatica, a leader in enterprise AI-powered cloud data management, announced financial results for its second quarter 2024, ended June 30, 2024. "We are very pleased with the continued customer momentum and consistent execution from our cloud-only, consumption-driven strategy, enabling us to beat and raise our Cloud Subscription ARR, Subscription ARR and bottom-line profitability outlook,” said Amit Walia, Chief Executive Officer at Informatica. “CLAIRE GPT, now generally available in North America, along with our best-of-breed IDMC platform capabilities, solidifies Informatica’s position as the leader in enterprise AI-powered cloud data management with AI and Generative AI capabilities for modern enterprises.” Second Quarter 2024 Financial Highlights: GAAP Total Revenues increased 6.6% year-over-year to $400.6 million. Total revenues included a negative impact of approximately $1.6 million from foreign currency exchange rates (FX) year-over-year. Adjusted for FX, total revenues increased 7.0% year-over-year. GAAP Subscription Revenues increased 16% year-over-year to $264.3 million. GAAP Cloud Subscription Revenue increased 35% year-over-year to

PROS Holdings, Inc., a leading provider of AI-powered SaaS pricing, CPQ, revenue management, and digital offer marketing solutions, announced financial results for the second quarter ended June 30, 2024. “We delivered a solid second quarter where we exceeded the high-end of our guidance ranges across all metrics,” stated CEO Andres Reiner . “I am proud of our team for building the market-leading profit and revenue optimization platform which drives immense value for our customers, powering 4.1 trillion transactions a year, while delivering to our long-term goal of 80% non-GAAP subscription gross margin.” Second Quarter 2024 Financial Highlights Key financial results for the second quarter 2024 are shown below. Throughout this press release all dollar figures are in millions, except net (loss) earnings per share. Unless otherwise noted, all results are on a reported basis and are compared with the prior-year period.   GAAP   Non-GAAP   Q2 2024   Q2 2023   Change   Q2 2024   Q2 2023   Change Revenue:                       Total Revenue $82.0   $75.8   8%   n/a   n/a   n/a Subscription Revenue $65.6   $57.3   14%   n/a   n/a   n/a Subscription and Maintenance Revenue $69.0   $62.4   11%   n/a   n/a   n/a Profitability:                       Gross Profit $53.2   $47.2   13%   $55.3   $49.4   12% Operating (Loss) Income $(7.2)   $(13.4)   $6.2   $4.4   $(1.0)   $5.3 Net (Loss) Income $(7.4)   $(13.3)   $5.9   $3.3   $(0.3)   $3.6 Net