Industry Summary Articles

Second quarter 2024

• 0 per cent organic revenue growth (using fixed exchange rates and a comparable group structure)
• Net sales decreased by -1 per cent to 1,353.4 MEUR (1,366.0)
• Net sales including the reduction of acquired deferred revenue amounted to 1,353.4 MEUR (1,365.0)
• Adjusted gross margin of 67.3 per cent (65.6)
• Adjusted operating earnings (EBIT1) increased by 1 per cent to 399.5 MEUR (394.1)
• Adjusted operating margin amounted to 29.5 per cent (28.9)
• Earnings per share, excluding adjustments, amounted to 10.8 Euro cent (10.8)
• Earnings per share, including adjustments, amounted to 9.6 Euro cent (9.4)
• Operating cash flow before non-recurring items increased to 248.5 MEUR (212.5)
• Cash conversion amounted to...

ASMPT and IBM announced a renewed agreement to extend their collaboration on the joint development of the next advancement of chiplet packaging technologies. Through the agreement, the two companies will work together to advance thermocompression and hybrid bonding technology for chiplet packages, using ASMPT’s next generation of Firebird TCB and Lithobolt hybrid bonding tools.

Chiplets deconstruct SOCs into their composite parts, creating smaller chips that can then be packaged together to operate as a single system, to provide potential benefits that can include improved energy efficiency, faster system development cycle time, and reduced costs. However, packaging advances are needed to move...

Altair, a global leader in computational intelligence, is thrilled to announce Luca Sutton, a member of the TUfast Eco Team, as the grand prize winner of the 2023-2024 Altair Global Student Contest. Sutton earned the contest’s $7,500 grand prize by using Altair® Inspire™ to slash his team’s Shell Eco-marathon vehicle suspension weight by 41%.

In his winning entry, Sutton used Inspire to develop accurate road loads to optimize five total parts. The optimization nearly halved the TUfast Eco Team’s vehicle suspension weight and maintained a 1.3x factor of safety, ensuring its suspension will meet performance and durability targets when used in...

Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises across industries, announced the launch of TechM VerifAI, a comprehensive solution for validating and verifying the outcomes of Artificial Intelligence (AI) and GenAI projects. Through this solution, Tech Mahindra will help enterprises validate the end-to-end lifecycle of AI-based projects, thereby, enabling them to scale their AI initiatives speedily.

TechM VerifAI’s pre-built, 360-degree validation framework across the GenAI lifecycle, customizable metrics, microservices-based architecture, and seamless integration into existing technology stacks will ensure faster and reliable AI value realization for enterprises. The solution will validate data quality in the...

Salam, a leading Saudi telecom provider, has awarded Oracle a managed services agreement to support its ongoing digital transformation. The collaboration will help Salam expedite operational excellence and enhance the experience it provides customers. These efforts will also further Salam’s contributions to the Kingdom’s Vision 2030 mission, which includes making Saudi Arabia a more connected and digitized nation.

Oracle Communications Consulting will provide critical support and guidance for managed IT operations, performance management, and service quality improvement. Using an Information and Communication Technology (ICT)-focused approach, Oracle will help Salam increase operational efficiencies, proactively identify and address potential issues, and enable seamless...

Dassault Systèmes, on the back of the July 9, 2024 preliminary announcement, today reports its IFRS unaudited estimated financial results for the second quarter and first half ended June 30, 2024. The Group’s Board of Directors approved these estimated results on July 24, 2024.
Summary Highlights¹
(unaudited, non-IFRS unless otherwise noted, all growth rates in constant currencies)

• 2Q24 results in line with preliminary announcement: total revenue growth of 4% to €1.496 billion and diluted EPS of €0.30;
• For the first six months, total revenue increased 5% with subscription revenue up 9% and licenses & other software revenue up 2%. Operating margin was...

Simulations Plus, Inc., a leading provider of biosimulation, simulation-enabled performance and intelligence solutions, and medical communications for the biopharma industry, today announced that Shawn O’Connor, chief executive officer, will attend KeyBanc Capital Markets’ 25 th Annual Technology Leadership Forum on Monday, August 5, 2024, in Vail, Colorado. In addition to hosting one-on-one meetings throughout the day, Mr. O’Connor will join a panel discussion entitled “AI and Digital Solutions for Drug Discovery” followed by a 25-minute Fireside Chat at 1:30 p.m. MDT (3:30 p.m. EDT).

The live audio webcast of Mr. O’Connor’s Fireside Chat can be accessed on the Investors page of...

NTT DATA, a global digital business and IT services leader, and ALLOYED LIMITED, renowned for world-leading metallurgical research and expertise in designing and manufacturing advanced metal parts using alloy design technology and 3D printers, have formed a capital alliance, effective July 23, 2024.

Additionally, capital operations were conducted between NTT DATA XAM Technologies Corporation (hereinafter referred to as "NTT DATA XAM Technologies"), which offers advanced manufacturing technology using 3D printers, and Alloyed. Through this alliance, NTT DATA XAM Technologies will enhance its technological capabilities, offer solutions to customers' challenges in the design and manufacture of high-tech components, and support business expansion....

L&T Technology Services Limited, a leading global digital engineering and R&D company, today announced the launch of the third annual Digital Engineering Awards, in association with Information Services Group (ISG), a leading global technology research and advisory firm, and business news channel CNBC TV18 in India.

The Digital Engineering Awards recognize and celebrate global engineering excellence and innovation. Nominations are open to all product companies, manufacturers, and OEMs worldwide.

Enterprises and their service providers are invited to submit nominations through September 23, 2024. Winners will be announced during a gala awards celebration on December 7, 2024, in Dallas, Texas, U.S.A.

The latest edition...

Dassault Systèmes and ASICS have jointly opened a studio in Paris to test a new service providing on-demand sockliners personalized for individual foot shape.

The ASICS Personalization Studio is an ultra-compact factory. The modular structure combines Dassault Systèmes’ 3DEXPERIENCE platform and virtual twin technology with ASICS’ proprietary technology in sports to offer on-site, on-demand manufacturing of shoe parts to meet the exact specifications of any user.

ASICS will leverage its proprietary know-how, supported by Dassault Systèmes’ modeling and simulation technology, to design the shape of sockliners based on individual foot shape data modeled and simulated on the 3DEXPERIENCE platform. Advanced 3D printing...