Industry Summary Articles

First quarter 2024 3 per cent organic revenue growth (using fixed exchange rates and a comparable group structure) • Net sales increased by 1 per cent to 1,299.9 MEUR (1,286.6) • Net sales including the reduction of acquired deferred revenue amounted to 1,299.9 MEUR (1,285.1) • Adjusted gross margin of…

IFS, the global cloud enterprise software company, announced its financial results for the first quarter ending March 31, 2024. The results reflect the best start to the year in company history – an early victory for new CEO Mark Moffat, who was appointed on January 9th, 2024. Summary of Q1…

L&T Technology Services, a leading global digital engineering and R&D services provider announced that it will be streamlining and simplifying its organizational structure into 3 main segments to drive future growth, scalability and technology innovation. The company will consolidate its existing five segments into three: Mobility, Sustainability, and Hi-Tech, as part…

Materialise NV, a leading provider of additive manufacturing and medical software and sophisticated 3D printing services, announced its financial results for the first quarter ended March 31, 2024. Highlights — first quarter 2024 Total revenue decreased by 3.4% to 63,637 kEUR compared to 65,886 kEUR for the first quarter of 2023.…

The archelios™ PRO photovoltaic application now incorporates an API to data provider 3E that enables the automatic import of TMY data (Typical Meteorological Year) when designing a photovoltaic project. The use of quality meteorological data to assess the insolation of a photovoltaic project is as essential as the system definition (environment, modules, inverters, etc.). Irradiance data…

GRAITEC, a leading provider of software solutions for architecture, engineering, construction (AEC), and manufacturing (MFG), is proud to announce the launch of GRAITEC File Sync, an intuitive file synchronization application designed to streamline collaboration and ensure data integrity across common file storage systems. As companies in the AEC and MFG…

Modelon is thrilled to announce Energy Systems Optimization as a new solution. Energy Systems Optimization is designed to help system engineers in the energy sector make better decisions about their facilities’ longevity and economic impact. The solution combines Modelon’s flagship system simulation platform, Modelon Impact, with one-on-one guidance from its team of energy…

CADDIT announces their testing of the upcoming progeCAD 2025 Professional software product. We also announce that any order placed on or after 15 April 2025 will be entitled to have that order upgraded to a 2025 version after the release announcement on CADDIT.net. progeCAD is an advanced general-purpose 2D and 3D…

The Motion Technology Company Schaeffler and the technology company Siemens have signed a memorandum of understanding (MoU) at the Hannover Messe. Both companies will advance the use of artificial intelligence in the industrial sector and therefore make a significant joint contribution to shaping the digital production of the future. At…

Autodesk, Inc. announced an interoperability agreement with the Nemetschek Group to improve open collaboration and efficiencies for the architecture, engineering, construction and operations (AECO) and media and entertainment (M&E) industries. The agreement will enhance existing interoperability between the two companies’ industry cloud and desktop products and improve the fluent exchange of information across…