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Items filtered by date: November 2024 - CIMdata
Open Text Corporation ("OpenText" or the "Company") announced the appointment of James McGourlay, currently Executive Vice President, International Sales at OpenText, as Interim Chief Executive Officer, effective immediately. Mr. McGourlay has been with the Company for more than 25 years and has held senior roles in sales, customer operations, IT, technical support, product support and special projects.  The OpenText Board of Directors (the "Board") informed Mark J. Barrenechea of this transition from his role as CEO, Chief Technology Officer, and Vice Chairman of the Board, effective immediately. To support the executive leadership team during the transition period, the Company announced the appointment of P. Thomas Jenkins as Executive Chair and Chief Strategy Officer, and the establishment of an Executive Committee. Members of the Executive Committee include Mr. Jenkins as Chair, Mr. McGourlay, Interim CEO, Paul Duggan, President & Chief Customer Officer, Todd Cione, President, Worldwide Sales, Cosmin Balota, Interim CFO & Chief Accounting Officer and Michael Acedo, Executive Vice President,
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PTC announced that it has appointed Jon Stevenson as Executive Vice President, Chief Product Officer. Stevenson will be responsible for the strategy, development, and delivery of PTC’s Digital Thread product portfolio. Stevenson brings more than three decades of experience in product development, engineering leadership, and technology innovation across CAD, PLM, AI, and SaaS. He previously held executive roles at Stratasys and GrabCAD and has more recently served as a board member, advisor, and investor to a variety of product development, SaaS, and AI-focused companies, including AllSpice, SimScale, Duro, nToplogy, and Vention. He previously served as a Vice President in PTC’s R&D Group and as the Executive Vice President of the company’s CAD business. “Jon is an accomplished leader in our industry, and we’re thrilled to appoint him as Chief Product Officer,” said Neil Barua, President and CEO, PTC. “Jon’s technical and engineering expertise, proven leadership, and fresh perspective will help us accelerate priorities
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Siemens Digital Industries Software announced the Cre8Ventures Open Higher Education Program, an ambitious new initiative developed in collaboration with Arm and the University of Southampton’s School of Electronics and Computer Science (ECS), to foster entrepreneurial curiosity and accelerate student-led semiconductor innovation across Europe’s leading technical universities. By integrating Siemens’ Cre8Ventures collaborative venturing initiative and its advanced multi-physics Digital Twin Marketplace, industry-leading Arm technology and developer resources and ECS’s world-class lab-to-fab capabilities, the initiative creates a bridge between academia, industry and policymakers. Students will gain access to industrial-grade tools, partner design platforms, and educational materials to help bring their ideas from the classroom to the commercial world. “This initiative delivers clear value across the ecosystem. For students, they are able to accelerate learning and startup creation with industrial-grade tools. For universities, it brings broader curricula, higher student engagement, and direct commercialization routes,” said Geoff Lee, vice president, Siemens EDA EMEA, Siemens Digital Industries Software. “We
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Stefan Heim will take on the role of Vice President Business Applications at Bechtle AG from 1 October. He is making the move from Swiss subsidiary, Aproda AG, taking the reins from Andreas Staudigel, who will be retiring after 15 years at Bechtle. Stefan Heim will be overseeing the international activities of the group specialists Modus Consult GmbH and HanseVision GmbH (Germany), Aproda AG (Switzerland), and Smartpoint GmbH (Austria). In his new role, the 47-year-old will be reporting to Michael Guschlbauer, COO for Germany and Austria and all Bechtle Group specialists. Andreas Staudigel has held leadership roles at Bechtle since 2010, initially as Managing Director of the IT systems house in Mannheim, and from 2014 onward as Executive Vice President for the Cluster Central Germany and Business Process Solutions. Since January 2023, his focus has been on the Bechtle Group’s four specialist entities for application solutions employing some 750 staff across
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Trimble announced that Chief Accounting Officer (CAO) Julie Shepard will retire from the company in early 2026 after more than 18 years of service to Trimble shareholders. The company has named Kenny Bement as its new CAO effective September 2025. Julie and Kenny will work together over the next six to eight months to ensure a seamless transition. Julie will continue to support the auditor transition for the 2025 financial statements. Kenny brings to Trimble more than two decades of experience in financial reporting, controls, compliance, and finance operations excellence. He began as an auditor and later worked for the Financial Accounting Standards Board where he was the primary author of the ASC 606 revenue recognition standard. Previously, Kenny was the CAO for Conservice, Vista Outdoor, Ancestry and Gopuff, and served in senior roles at Alphabet and Raytheon. Trimble also announced the hiring of Jim Palermo as Chief Information Officer (CIO), a newly created position focused on
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3D Systems Corporation announced its financial results for the second quarter ended June 30, 2025. Revenue of $95 million led by double-digit growth in Medical Technology and Aerospace & Defense markets Regenerative Medicine partnership with United Therapeutics targeted on manufacture of human lungs reached a new printing milestone resulting in a $2 million award in the quarter Cost reduction and efficiency programs resulted in over $20 million of savings in operating expenses in Q2  Company’s previously announced cost initiatives are on track to support a return to positive cash flow in 2026 Successful balance sheet restructuring, combining debt retirement, refinancing, and share repurchase, allows for execution of restructuring program while maintaining continuity of critical growth and efficiency investments  Net income benefited from improved operating performance, gains on the sale of the Geomagic software platform and gains recognized on the extinguishment of debt at a discount Summary Comments on Results Dr. Jeffrey Graves, president and CEO of 3D Systems said,
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Emerson reported results1 for its third quarter ended June 30, 2025 and updated its full year outlook for fiscal 2025. Emerson also declared a quarterly cash dividend of $0.5275 per share of common stock payable September 10, 2025 to stockholders of record on August 15, 2025. (dollars in millions, except per share) 2024 Q3 2025 Q3 Change Underlying Orders2 4 % Net Sales $4,380 $4,553 4 % Underlying Sales3 3 % Pretax Earnings $455 $734 Margin 10.4 % 16.1 % 570 bps Adjusted Segment EBITA4 $1,189 $1,232 Margin 27.1 % 27.1 % 0 bps GAAP Earnings Per Share $0.60 $1.03 72 % Adjusted Earnings Per Share5 $1.43 $1.52 6 % Operating Cash Flow $1,067 $1,062 — % Free Cash Flow $975 $970 (1) % Management Commentary "Emerson's solid third quarter results reflect our sustained momentum, delivering strong underlying growth, profitability and cash flow, which we expect to continue as we finish the fiscal year," said Emerson President and Chief Executive Officer Lal Karsanbhai. "We are experiencing positive momentum in key end markets, and our team's ability to execute in this dynamic environment demonstrates the resilience of our business model and our operational excellence." Karsanbhai continued, "We are taking pivotal steps to advance our industrial software capabilities, launching
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KORE Group Holdings, Inc. ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, reported financial and operational results for the quarter and year-to-date period ended June 30, 2025. Second Quarter 2025 Company Highlights Revenue increased to $71.3 million, up $3.4 million or 5% from the same period last year. Total Connections1 increased to 20.1 million, up 8% from 18.6 million from the same period last year. Net Loss decreased to $16.9 million, an improvement of $66.8 million or 80% from the same period last year. Adjusted EBITDA increased to $16.7 million, up $5.3 million or 46% from the same period last year. Cash provided by operations increased to $4.1 million, up $0.1 million from the same period last year. Free Cash Flow increased to $1.6 million, up $1.7 million from the same period last year. "We are pleased with our results this quarter, as we are seeing growth
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Siemens continued its successful growth trajectory also in Q3 2025 (ended June 30, 2025), with robust results and achieved growth in nearly all key performance indicators. For this reason, the company confirms its outlook for fiscal 2025, excluding effects related to Altair and Dotmatics, which were successfully acquired ahead of schedule, and excluding the gain from the sale of Innomotics. “Our third-quarter performance demonstrates that Siemens is delivering robust results despite the volatile global market. We’re posting sustained growth momentum in orders, revenue and net income. Digitalization and sustainability continue to be our growth drivers. In addition, with the closing of our acquisition of Dotmatics, we’re opening up new markets in life sciences and are combining scientific intelligence with our industrial AI technologies,” said Roland Busch, President and Chief Executive Officer of Siemens AG. “In the third quarter, we posted an excellent €2.9 billion in free cash flow, and we are again aiming to achieve a double-digit free-cash-flow return
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Stratasys Ltd., a leader in polymer 3D printing solutions, announced its financial results for the second quarter ended June 30, 2025. “Our results once again reflect resilience from our recurring revenue streams and the reliance customers place on our additive manufacturing technologies," commented Dr. Yoav Zeif, Stratasys' Chief Executive Officer. “Amidst prolonged macroeconomic uncertainty and restrained customer capital spending, our revenues this quarter grew slightly over the second quarter last year, as our business model continues to demonstrate significant staying power. Importantly, we are making meaningful progress in delivering on key use cases with major customers that will begin flowing through to our financial results in the future. While we cannot control the timing, we are encouraged by the substantial new business opportunities that we believe are advancing through final stages toward eventual award.” Dr. Zeif continued, “Our recently bolstered balance sheet provides increased financial flexibility to invest in innovation, pursue growth
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