Industry Summary Articles

Altair, a global leader in computational intelligence, has signed a memorandum of understanding (MoU) with the U.K.-based University of Nottingham for a digital twin project within the aerospace sector. The digital twin—set to be the first of its kind—will not merely be a technology demonstrator, but a fully-fledged solution the…

Siemens and BAE Systems have announced an agreement that will see the two businesses collaborate on innovation in engineering and manufacturing technologies embracing digital transformation, whilst leveraging digital capabilities throughout program lifecycles. The five-year agreement is designed to explore and develop a strategic blueprint for engineering of the future and…

Synopsys, Inc. has announced it will report results for the third quarter fiscal year 2024 on Wednesday, August 21, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial…

Cadence Design Systems, Inc. has announced results for the second quarter of 2024. Second Quarter 2024 Financial Results Revenue of $1.061 billion, compared to revenue of $977 million in Q2 2023 GAAP operating margin of 28%, compared to 31% in Q2 2023 Non-GAAP operating margin of 40%, compared to 42%…

Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has expanded its partnership with Rolls-Royce, a British multinational specializing in civil aerospace, defence aerospace, services and power systems, to advance its sustainable initiatives. This collaboration involves research into hydrogen fuel system technology, continuing to prove…

Atos, the Official Information Technology Partner of UEFA National Team Football, successfully supported UEFA to deliver key IT services and applications support for the UEFA EURO 2024 from June 14 to July 14, 2024 in Germany. Atos facilitated hundreds of millions of fans worldwide to share the electrifying experience of…

OpenBOM, a leading provider of cloud-based PDM and PLM software, helps manufacturing companies manage their digital product information, organizing bills of materials and parts, inventories, and managing the digital thread of information across the value chain connecting OEMs, contractors, and suppliers, today announced the expansion of OpenBOM services to support…

Centric Software®, the Product Lifecycle Management (PLM) market leader, proudly announces its partnership with Carrefour, one of the world’s leading food retailers. Centric Software provides the most innovative enterprise solutions to plan, formulate, develop, procure, manufacture and sell consumer goods products in food & beverage, grocery, multi-category retail to achieve…

L&T Technology Services Limited, India’s leading pure-play engineering services company, announced its results for the first quarter ended June 30, 2024. Highlights for Q1FY25 include: Revenue at ₹24,619 million; growth of 7% YoY USD Revenue at $295 million; growth of 6% YoY in constant currency EBIT margin at 15.6% Net…

Altair, a global leader in computational intelligence, will release its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, August 1, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company’s…