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Items filtered by date: November 2024 - CIMdata
PTC announced that Schaeffler, a leading motion technology company, will adopt PTC’s Windchill+® product lifecycle management (PLM) solution as it continues modernizing its product development practices and working to accelerate time to market. As part of a broader cloud-driven transformation effort, Schaeffler is transitioning from its on-premises Windchill® environment to a cloud-based Windchill+ environment to unlock speed of deployment, upgrade, and collaboration benefits that are unique to cloud solutions. “Schaeffler’s adoption of Windchill+ represents the next step in the strategic relationship our companies have shared over the last decade,” said Neil Barua, President and CEO of PTC. “We’re confident that the benefits of Windchill+ - including collaboration, ease-of-use, and always being on the latest version with the newest features – will enable Schaeffler to accelerate its product development processes and build on its position as an industry leader.” Over the last decade, Schaeffler has utilized PTC’s product development software to develop some of
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SAP SE announced that REWE Group has chosen the RISE with SAP journey to migrate its IT infrastructure to a cloud-based platform and modernize its IT processes across finance, accounting and human resources. With 16,000 food retail stores and travel agencies across 21 countries, the Germany-based REWE Group impacts and nourishes 50 million customers across Europe each week. Aligned with REWE Group’s mission to deliver the best performance, REWE digital, the IT unit of REWE Group, will migrate 73 SAP software systems to Google Cloud over several years. SAP S/4HANA Cloud allows REWE Group to benefit from greater infrastructure scalability, IT landscape efficiency and the ability to flexibly adapt its technological resources to business requirements in real time. Guido Hoepfner, COO of REWE digital, said: “This is a significant step forward in the digital transformation of the entire REWE Group. Through our deepened partnerships with SAP and Google, we are taking the harmonization
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Altair, a global leader in computational intelligence, announced it will host ATCx Simulate at the Speed of Design 2025, a virtual technology conference, on May 15. The event will teach small and medium-sized businesses (SMBs/SMEs) to leverage simulation to reduce risk and cost associated with late-stage design and manufacturing changes. The event will spotlight how organizations are moving beyond CAD-embedded simulation to implement integrated, multiphysics analysis across mechanical and electronic systems. Through customer presentations, expert sessions, and product demonstrations, attendees will learn how simulation-led development is improving design quality, accelerating time to market, and reducing reliance on physical prototyping. “Simulation is foundational for companies of all sizes looking to reduce iteration loops, improve product maturity, and mitigate risk earlier in development,” said Pavan Kumar, senior vice president of global indirect business, Altair. “This event will show how SMBs and SMEs are gaining competitive advantages by embedding CAE and multiphysics simulation into their design processes.” The event
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Computer Generated Solutions, Inc. (CGS), a leading global provider of supply chain management software solutions for fashion businesses, announced that its award-winning BlueCherry® supply chain management solutions will be featured at Texprocess Americas 2025, May 6–8 at the Georgia World Congress Center in Atlanta. BlueCherry, in partnership with industrial sewing machine leader JUKI, will also demonstrate how integrated technologies can help apparel and textile manufacturers unlock real-time visibility, improve productivity, and reduce waste across the supply chain. These demonstrations reflect broader industry shifts toward AI-driven automation, IoT-connected systems, and Industry 4.0 adoption --trends that are reshaping modern manufacturing. Visit BlueCherry at booth 2407a to learn about: BlueCherry Shop Floor Control Provides real-time production monitoring and control to boost productivity and reduce downtime Delivers actionable insights through dashboards that track KPIs and worker performance BlueCherry ERP and PLM Systems Unifies planning, design, and production workflows to eliminate silos and accelerate time-to-market Quality management tools Automated auditing tools ensure consistent standards and reduces
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COMSOL, a global leader in modeling and simulation software, announced that the first stop of its worldwide COMSOL Conference 2025 tour will be held in Boston, MA, on October 8–10. The COMSOL Conference provides a space for engineers, scientists, and researchers to showcase their modeling and simulation work, exchange ideas, and learn new modeling techniques. "The COMSOL Conference has always been a tremendous help to me," said Paul Belk, fellow for Boston Scientific. "It's my best chance to collaborate and exchange techniques with people facing the same challenges as I am. Everyone there — COMSOL's applications engineers, keynote speakers, and engineers running simulations — is accessible and has thoughtful perspectives to share." Program highlights of the 2025 event include: Keynote talks by industry leaders; previous keynote speakers include Sonos, Lawrence Berkley National Laboratory, Abbott, and Lockheed Martin, among others Interactive presentations by engineers and researchers from different fields Minicourses that help users get the most
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3D Systems announced it will release its financial results for the first quarter 2025 after the U.S. stock markets close on Monday, May 12, 2025. The company will hold a conference call and simultaneous webcast to discuss these financial results on Tuesday, May 13, 2025 at 8:30 a.m. Eastern Time.  First Quarter 2025 Financial Results Conference Call Date: Tuesday, May 13, 2025 Time: 8:30 a.m. Eastern Time Listen via webcast: www.3dsystems.com/investor Participate via telephone: 201-689-8345 The webcast replay will be available approximately two hours after the end of the conference call at www.3dsystems.com/investor. To view the original press release, please click here. Search for 3D Systems on CIMdata.com
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AMETEK, Inc. announced its financial results for the first quarter ended March 31, 2025. AMETEK's first quarter 2025 sales were $1.73 billion, in-line with the first quarter of 2024 sales. Operating income increased 2% to $454.8 million, and operating margins were up 60 basis points to 26.3%, both versus prior year's adjusted results. Free cash flow to net income conversion was 112% in the quarter. On a GAAP basis, first quarter earnings per diluted share were $1.52. Adjusted earnings in the quarter were $1.75 per diluted share, up 7% from the first quarter of 2024. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization of $0.23 per diluted share. A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website. "AMETEK delivered excellent results in the first quarter with high single digit orders growth, outstanding operating performance, solid free cash flow conversion and strong margin expansion," stated David A. Zapico,
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Autodesk, Inc. announced it will share its first quarter fiscal 2026 financial results conference call via its website on Thursday, May 22, 2025, at 2 p.m. Pacific Time. Join the live webcast call here: autodesk.com/investors. An audio replay of the webcast will be available after 5 p.m. PT at autodesk.com/investors. More information will be available on autodesk.com/investors. To view the original press release, please click here. Search for Autodesk on CIMdata.com
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Keysight Technologies, Inc. will release financial results for the fiscal quarter ending April 30, 2025 after the close of the market on Tuesday, May 20, 2025. The company will host a conference call that day at 1:30 p.m. PT (4:30 p.m. ET) to review the financial results. The conference call will be webcast live and accessible in the Upcoming Events section of the Keysight investor relations website, investor.keysight.com. The call can also be accessed by dialing 1-404-975-4839 or 1-833-470-1428 toll-free (access code 420906). A replay of the conference call will be available for 90 days in the News, Events, Presentations section of the Keysight investor relations website. To view the original press release, please click here. Search for Keysight on CIMdata.com
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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 full year ended December 31, 2024. 2024 Company Highlights Revenue was $286.1 million. IoT Connectivity revenue increased by $24.5 million, or 12% year over year Total Number of Connectionsincreased 1.2 million to end the year at a total of 19.7 million KORE completed its restructuring plan that is delivering over $20 million in annual run-rate savings Cash provided by operating activities improved $16.3 million year over year and was $9.9 million Free Cash Flow improved $23.1 million year over year and was $1.6 million in the fourth quarter "During 2024, we made significant changes to our operating model focusing on customer intimacy, operational excellence and profitable growth, which has led to significant financial improvement in the business. We rationalized our product portfolio, invested heavily in
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