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Items filtered by date: November 2015 - CIMdata
Wipro Limited, a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2024. Highlights of the Results Results for the Quarter ended March 31, 2024: Gross revenue reached ₹222.1 billion ($2.7 billion1), flat QoQ. IT services segment revenue was at $2,657.4 million, an increase of 0.1% QoQ and decrease of 6.4% YoY. Non-GAAP2constant currency IT Services segment revenue decreased 0.3% QoQ, and 6.6% YoY. Total bookings3was at $3.6 billion. Large deal bookings4was at $1.2 billion, increase of 31.1% QoQ and 9.5% YoY. IT services operating margin5for the quarter was at 16.4%, up by 40 bps QoQ. Net income for the quarter was at ₹28.3 billion ($341.0 million1), an increase of 5.2% QoQ. Earnings per share for the quarter was at ₹5.43 ($0.071), an increase of 5.2% QoQ. Operating cash flows of ₹52.2 billion ($626.1 million1), an increase of 9.0% QoQ and at 182.6% of Net Income
Published in Newsletter Articles
ANN ARBOR, Michigan, USA 19 April 2024—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, is saddened to announce that Kenneth J. Versprille, Ph.D., passed away on 18 April 2024 after a short illness. Ken was a respected colleague and a pioneer in the global mechanical computer-aided design (MCAD) market. Ken received a Bachelor of Science in Mathematics from the University of New Hampshire and earned his Master of Science and Ph.D. in Computer Science from Syracuse University. He is best known for his groundbreaking work on Non-Uniform Rational B-Splines (NURBS), mathematical representations of 3D geometry that can accurately describe any shape from a simple 2D line, circle, arc, or curve to very complex 3D free-form surfaces or solids. Today, NURBS is an international standard in CAD and computer graphics. In 2005, he received a Lifetime Achievement Award from The CAD Society. Ken applied his expertise in mathematics and
Published in News & Press
Leading solution providers to sponsor product lifecycle management (PLM) conference. ANN ARBOR, Michigan, USA & STOCKHOLM, Sweden 19 April 2024—CIMdata, Inc. and Eurostep AB announce the sponsors for the upcoming PLM Road Map & PDT North America 2024 event. The participating sponsors are the Aerospace & Defense PLM Action Group, Altium, Aras, Collaboration Synergies Inc., Configit, Dassault Systemès, DxP Services, ESI, Modular Management, PTC, Razorleaf, SBE Vision, and Sinequa. The event will take place at The Marriott Tysons Corner on 8 and 9 May. "We are excited to have these key solution providers choose to sponsor our PLM Road Map and PDT conference," stated Cheryl Peck, CIMdata's Director of Marketing. "We look forward to creating an environment where open collaboration and knowledge transfer can occur between all members of the PLM ecosystem." As part of the PLM Road Map/PDT experience, sponsors participate in an online PLM Collaboration Café™, where they showcase their solutions.
Published in News & Press
The Nemetschek Group, one of the leading software providers for the AEC/O and media industries, announced the opening of a new office in Mumbai, India. The Mumbai office will drive business in India for the overall Nemetschek AEC/O products and solutions from the different brands. The initial focus will be on selected products and bundles from Allplan, Bluebeam, Graphisoft, RISA, Solibri and Vectorworks as well as the Digital Twin solution dTwin. Nemetschek India in Mumbai started operation as of April 1st, 2024, and is managed by Nirmalya Chatterjee as Country Vice President. Mumbai is the second location for Nemetschek in India after Hyderabad, where the company operates a shared services, development and research center. “India holds an immense market growth potential for us. We look forward to expanding our innovative solution offering into this dynamic market, driving growth, and delivering value to our customers” says Yves Padrines, CEO of the Nemetschek Group. “Our aim
Published in Newsletter Articles
Altair a global leader in computational intelligence, acquired Cambridge Semantics, a modern data fabric provider and creator of one of the industry’s leading analytical graph databases. Cambridge Semantics’ graph-powered data fabric technology accelerates the creation of comprehensive enterprise knowledge graphs, integrating the complex web of structured and unstructured enterprise data together into a single, simplified view. Bringing together Cambridge Semantics’ transformational knowledge graph technology with Altair’s leading tools for data analytics and data science offers organizations a solid foundation for building advanced analytics ecosystems that inject artificial intelligence (AI) into day-to-day business operations. “Knowledge graphs are key pieces of data fabrics. They put the right data in the right hands at the right time. We believe Cambridge Semantics brings the fastest and most scalable knowledge graphs to organizations who have significant data volumes and deep questions,” said James R. Scapa, founder and chief executive officer, Altair. “Additionally, knowledge graphs are critical for successful
Published in Newsletter Articles
The international management consultancy recommends CONTACT Elements as the cornerstone for a digital thread spanning the entire product lifecycle, as demonstrated by the plant manufacturer Marel with its "Digital Product Highway."  Data silos cause delays, increased costs, and dissatisfied customers. Information is isolated in different departments, making analysis inefficient, collaboration challenging, and innovation potential limited. Against the backdrop of growing data volumes due to increasingly complex and smart products, companies require a digital thread that enables smooth management and analysis of information. The experts at CIMdata see the modular platform CONTACT Elements as an ideal basis for this purpose. CIMdata emphasizes that CONTACT Software’s products and the underlying low-code platform connect data and processes end-to-end. Information is available across the company — from development and production to smart service and recycling. CONTACT Elements is modular and can be flexibly adapted to individual needs and scaled gradually — on-premises and in the cloud. Companies increase their
Published in Newsletter Articles
Hexagon’s Asset Lifecycle Intelligence division announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). Together, the companies aim to revolutionize OT cybersecurity at industrial facilities. The rapid evolution of technology underscores the urgent need for robust cybersecurity measures in industrial settings. In response, Hexagon and Dragos have joined forces to effectively address this demand. The technical partnership focuses on integrating the complementary OT cybersecurity capabilities of the Dragos Platform and Hexagon’s PAS Cyber Integrity® to provide customers with enhanced inventory data, comprehensive configuration management and superior intrusion detection and threat management to protect businesses operating in multiple critical infrastructure sectors. The collaboration is expected to harness the respective strengths, industry insights and innovative spirit of both Dragos and Hexagon. “This relationship represents a significant step in forging the future of OT cybersecurity,” said Nick Cappi, vice president of OT Cybersecurity at Hexagon. “Through the integration of technologies, industrial facilities that use
Published in Newsletter Articles
LTIMindtree, a global technology consulting and digital solutions company, has collaborated with Vodafone, a global leader in managed Internet of Things (IoT), with over 175 million connections worldwide, supporting a wide range of business-critical applications. Through this partnership, LTIMindtree will offer connected and smart IoT solutions, powered by its Insight NXT platform (iNXT) and Vodafone’s IoT Managed Connectivity, that will enable Industry X.0 and digital transformation across multiple vertical sectors. LTIMindtree’s iNXT Business Unit brings Technical and Functional components, and together with Vodafone’s IoT Managed Connectivity solutions it will deliver to solve complex business challenges. By drawing on a best-in-class ecosystem of partners, LTIMindtree will empower clients to maximize their efforts across revenue acceleration through newer business models, cost efficiency and sustainability, leveraging Smart IoT and Industry X.0. LTIMindtree, enabled by Vodafone will provide solutions that deliver advance capabilities in AI, machine learning, predictive maintenance, digital twin, supply chain visibility, sustainability,
Published in Newsletter Articles
Siemens has opened the first building complex of the Siemens Technology Center (STC) at Garching Research Campus, north of Munich, Germany. In addition to Siemens, other institutions next to the Technical University of Munich (TUM), such as the Max Planck Institute and SAP, are located there, with around 28,000 people working at this hub. As a result, the Garching Research Campus is one of the largest centers for science, research and teaching in all of Europe. “No one can solve the current challenges alone. We must accelerate collaboration with our customers and partners in the early stages of development. The Siemens Technology Center, located on the same campus with TUM, international research institutions and companies, benefits from an excellent environment and will strengthen Germany’s global role in cutting-edge research,” said Peter Körte, Chief Technology and Chief Strategy Officer of Siemens AG. As one of the world’s most innovative companies, Siemens regularly holds
Published in Newsletter Articles
AVEVA, a global leader in industrial software, driving digital transformation and sustainability, reinforces collaboration with Microsoft with a preview of its industrial AI assistant, which will be available to view live on the show floor at Hannover Messe next week. The industrial AI assistant, running on Microsoft Azure OpenAI Service, is a virtual subject matter expert driving the Industry 5.0 revolution. It represents a paradigm shift in how industrial organizations answer complex questions in mission-critical environments. The time between curiosity and insight is seconds. AVEVA’s AI assistant acts as a virtual expert, simplifying the vast task of extracting insights from scattered data sets to answer complex, multi-stage questions. Industrial teams can take advantage of large language models (LLM) and generative AI through an intuitive interface that leverages AVEVA’s 50+ years of expertise in industrial software and analytics. Security and trust are built in from the ground up. Analytic quality is enhanced by
Published in Newsletter Articles
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