CIMdata Blog

Honeywell announced that its Board of Directors has elected CEO Vimal Kapur to take on the additional role of chairman when current executive chairman Darius Adamczyk retires from the board as of June 7, 2024. William S. Ayer has also been elected to succeed D. Scott Davis as independent lead director beginning as of the company's annual meeting on May 14, 2024. Davis, who has served as lead director since 2020, will continue to serve as an independent director and as Chair of the Audit Committee. "The board is unified in its view that Vimal will provide decisive strategic leadership and strong execution of Honeywell's growth plans, capital deployment, succession planning and continuing operational excellence," said Davis, Honeywell's independent lead director. "Additionally, we are confident that the robust governance authorities and responsibilities of our independent lead director, combined with Bill's thoughtful and extensive leadership, will enable our highly independent, diverse, and experienced board to provide effective support and oversight." Adamczyk, who was Honeywell's

Matterport, Inc., the leading digital twin platform to access, understand and utilize properties, announced a partnership with Arcadus, a leading reseller of digital transformation products and services for the public sector, to offer the Matterport Digital Twin Platform to its customers in the United States.  Arcadus is a leading value-added reseller of 3D, spatial data and related digital twin services, helping organizations advance their operations with digitally-enabled solutions. Arcadus’ clients include federal, state and local agencies across facilities, public safety, education, housing, social services, conservation and energy, as well as regulated industries like utilities, aerospace & defense, insurance, and manufacturing.  Matterport first entered the public sector in 2021 with the Matterport for Government SaaS offering, providing a turnkey solution for federal agencies to assess, manage, and improve their spaces’ operating condition—all online, in a Federally-compliant cloud.  With this agreement, Arcadus will become the first value-added reseller of Matterport’s digital twin platform for the

In a continued commitment to provide customers with the highest standard of service and support, global design and BIM software provider Vectorworks, Inc. is excited to announce a new, direct presence in New Zealand. Previously overseen by Megabits, the New Zealand distributor of Vectorworks software, all New Zealand operations will now be managed by the New Zealand-based staff of Vectorworks, backed by the company’s regional office in Australia. The local team, headed by Sales Operations Specialist Kim Cooper and Product Specialist Zac Haumaha, brings their expertise and years of experience supporting Vectorworks users in New Zealand, guaranteeing the highest level of customer service. “By transitioning to serve our customers in New Zealand directly, we can amplify our capacity to cater to the demands of our rapidly expanding design community,” said Vectorworks CEO Dr. Biplab Sarkar. “With unwavering support from Vectorworks and our Australasian team, we are confident that this change will result in

Q4 2023 Orders $7.6billion, 0%; comparable1 0% Revenues $8.2 billion, +5%; comparable +6% Income from operations $1,116 million; margin 13.5% Operational EBITA1 $1,333 million; margin1 16.3% Basic EPS $0.50, -18%2 Cash flow from operating activities $1,897 million; +176% FY 2023 Orders $33.8 billion, -1%; comparable1 +3% Revenues $32.2 billion, +9%; comparable +14% Income from operations $4,871 million; margin 15.1% Operational EBITA1 $5,427 million; margin1 16.9% Basic EPS $2.02, +55%2 Cash flow from operating activities $4,290 million; +233% Dividend proposal of CHF0.87 per share CEO summary The fourth quarter of 2023, was a solid end to a fantastic year. We improved operational performance and delivered a very strong cash flow year-on-year. We increased the annual return on capital employed (ROCE) by 460bps1 to 21.1% and we are utilizing our strong balance sheet by recently signing seven small bolt-on acquisitions, with the majority adding additional embedded software and AI capabilities to our customer offerings. We delivered in line with our guidance, and I am pleased with the solid finish to the year. Comparable order intake remained stable year-on-year, with increases noted in three out of

Dassault Systèmes announced IFRS unaudited estimated financial results for the fourth quarter and fiscal year ended December 31, 2023. The Group’s Board of Directors approved these estimated results on January 31, 2024. This press release includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix. Summary Highlights (unaudited, IFRS and non-IFRS unless otherwise noted, all revenue growth rates in constant currencies) 4Q23 & FY23 total revenue increased 8% and 9% respectively with software revenue up 8%, all in line with objectives;  4Q23 & FY23 recurring revenue rose 12% and 10% respectively, driven by strong subscription growth of 22% and 16%. Licenses & other revenue were down 4% in the fourth quarter, up 2% in the full year; 4Q23 & FY23 3DEXPERIENCE revenue grew 21% and 19% respectively, supported by large transformation deals; 4Q23 & FY23 non-IFRS operating margin1 of 35.9% and 32.4% respectively, reflecting acceleration of 160 basis points for the

5 per cent organic revenue growth (using fixed exchange rates and a comparable group structure) • Reported operating net sales increased by 2 per cent to 1,435.3 MEUR (1,403.2). Net sales including the reduction of acquired deferred revenue also increased to 1,435.3 MEUR (1,401.9) • Adjusted gross margin improved to 66.5 per cent (66.2) • Adjusted operating earnings (EBIT1) increased by 5 per cent to 438.4 MEUR (418.0) • Adjusted operating margin increased to 30.5 per cent (29.8) • Earnings before taxes, excluding adjustments, amounted to 389.1 MEUR (399.6) • Net earnings, excluding adjustments, amounted to 319.1 MEUR (327.7) • Earnings per share, excluding adjustments, amounted to 11.8 Euro cent (12.1) • Operating cash flow before non-recurring items increased to 353.1 MEUR (172.6) • The Board of Directors proposes a dividend of 0.13 EUR (0.12) per share, an increase of 8 per cent To view the original press release, please click

Honeywell announced results for the fourth quarter and 2023 that met or exceeded the company's original full-year guidance. The company also provided its outlook for 2024 and, separately, announced that CEO Vimal Kapur will succeed Darius Adamczyk as Chairman of the Board in June 2024 and William S. Ayer will become independent Lead Director in May 2024. The company reported fourth-quarter year-over-year sales growth of 3% and organic1 sales growth of 2%, led by another quarter of double-digit organic sales growth in commercial aviation. Operating margin contracted 290 basis points to 16.8% and segment margin1 expanded by 60 basis points to 23.5%, driven by expansion in Performance Materials and Technologies and Aerospace. Earnings per share for the fourth quarter was $1.91, up 26% year over year, and adjusted earnings per share1 was $2.60, up 3% year over year. An adjustment to our estimated future Bendix liability at the end of the year drove the majority of the difference between earnings per share and adjusted earnings per share1. Excluding a 13-cent non-cash

PTC reported financial results for its first fiscal quarter ended December 31, 2023. "In our first fiscal quarter, we again delivered solid ARR and cash flow results. I am confident that PTC is well positioned to continue delivering durable and consistent ARR and cash flow growth under the leadership of Neil Barua," said James Heppelmann, CEO, PTC. Neil Barua, CEO-elect, added, "We have a differentiated strategy that leverages our unique product portfolio to help our customers along their digital transformation journeys. I am looking forward to working with the team to continue enhancing PTC's already strong market position and execution by continuing to invest significantly in technologies that meet the evolving needs of our customers." First Quarter 2024 Highlights Key operating and financial highlights are set forth below. The definitions of our operating and non-GAAP financial measures and reconciliations of non-GAAP financial measures to comparable GAAP measures are included below and in the reconciliation tables

Rockwell Automation, Inc. reported first quarter fiscal 2024 results. "Rockwell had an encouraging start to the fiscal year, with both organic and total sales up low single digits year over year. Importantly, we saw an upward inflection in customer order activity, with total orders up double digits sequentially. Q1 orders were up sequentially across all business segments and regions, with particular strength in North America. High levels of channel inventory and some lingering supply chain constraints continue to impact the timing of product shipments, but underlying conditions remain positive. Our Sensia joint venture had a profitable Q1 with over 25% growth in both orders and sales. We also continue to see double-digit growth in our Annual Recurring Revenue, demonstrating the growing value of our recurring software and services," said Blake Moret, Chairman and CEO. Fiscal Q1 2024 Financial Results Fiscal 2024 first quarter sales were $2,052 million, up 3.6% from $1,981 million in

Cadence Design Systems, Inc. announced Cadence® Celsius™ Studio, the industry’s first complete AI thermal design and analysis solution for electronic systems. Celsius Studio addresses thermal analysis and thermal stress for 2.5D and 3D-ICs and IC packaging, in addition to electronics cooling for PCBs and complete electronic assemblies. While current product offerings consist mostly of disparate point tools, Celsius Studio introduces an entirely new approach with a unified platform that lets electrical and mechanical/thermal engineers concurrently design, analyze and optimize product performance without the need for geometry simplification, manipulation and/or translation. Celsius Studio brings a new system-level thermal integrity solution into the marketplace, converging electro-thermal co-simulation, electronics cooling and thermal stress into one cohesive offering. Made possible by Cadence’s acquisition of Future Facilities in 2022, best-in-class electronics cooling technology is now accessible to electrical and mechanical engineers. Additionally, the ability to employ Celsius Studio seamlessly for in-design multiphysics analysis empowers designers to identify thermal