News

Commenting on the half-year results, Alain de Rouvray, Chairman and Chief Executive Officer of ESI Group, said: “In the wake of 2016, which featured fine performances across all indicators and the consolidation of a number of new acquisitions, we have ramped up our five-year strategic transformation plan – “Objective 2020” – designed to keep pace with the economic and industrial trends of the new “Outcome Economy”. Within this context of deep transformation, our ongoing drive to adapt our operational resources in H1 2017 took its toll on results for the period, which also suffered from a prior-period comparable basis. Priority was given to investments initiated in the first quarter of the year to provide support for the launch of our disruptive ‘PPL’ (Product Performance LifecycleTM) approach. The Group’s new solutions are based on the shift of Virtual Prototyping towards a connected Hybrid TwinTM; making it possible, for example, to provide virtual support

Lectra is pleased to announce the appointment of Olivier du Chesnay to the role of Chief Financial Officer. Deputy Chief Financial Officer of Lectra since May 2013, Olivier du Chesnay was already supervising management control, statutory consolidation and audit, headquarters' accounting, cash flow, credit management and change risk management, as well as more recently sales administration. "Over the past four years, Olivier du Chesnay has successfully led many projects to improve our processes, while at the same time coordinating the Group's financial management with rigor, efficiency and leadership. He will support the company to achieve the financial objectives articulated in Lectra's new strategic roadmap," states Daniel Harari, Chairman and Chief Executive Officer, Lectra. "I am confident about the growth prospects for the company, which are empowered by sustained investments in innovation. This commitment will reinforce Lectra's leadership and customer value proposition, by facilitating the implementation of Industry 4.0 principles for its customers," underlines

Altair announces today that it has entered into a multi-year original equipment manufacturing (OEM) agreement with HPE. This agreement represents an expansion of the long-term partnership between HPE and SGI (whom HPE recently acquired). HPE will now be able to include Altair’s PBS Professional workload manager and job scheduler on all of HPE’s high performance computing (HPC) systems, ensuring scalability of price and performance as system sizes and CPU-core counts continue to increase. “We are delighted to strengthen our strategic collaboration with HPE,” said Sam Mahalingam, Chief Technical Officer for Enterprise Solutions at Altair. “With PBS Professional as its premier workload management software supplier, HPE will be able to provide our common customers with a powerful solution to meet their growing HPC requirements.” PBS Professional gives HPE cluster users a more efficient, reliable solution for HPC workload management. As an HPE-integrated product, PBS Professional optimizes job scheduling on HPE Apollo

Dassault Systèmes announced that Chevron Products Company, a division of Chevron U.S.A., and a manufacturer and supplier of premium base oils and finished lubricants, selected the 3DEXPERIENCE platform to accelerate the development of lubricant products that are sold under the Chevron, Texaco and Caltex names worldwide. Chevron’s lubricants business has a history of innovation that includes hundreds of new or changed product projects annually. Each project involves dozens of participants across various disciplines all working on different formulations, regulations and raw materials in multiple locations. In order to maintain its leadership position in the lubricants market, Chevron sought to reduce this complexity and improve development cycles. Dassault Systèmes’ “Perfect Product” industry solution experience responds to Chevron’s lubricants business needs. “Perfect Product,” based on the 3DEXPERIENCE platform, connects users across a company’s global operations in a digital collaborative environment to help it to reduce time, resources and costs associated with new product

Huckberry, a men’s lifestyle company based in San Francisco, has selected Centric Software to provide its Product Lifecycle Management (PLM) solution. Huckberry, which is described as “equal parts store, magazine and inspiration”, was founded by friends Andy Forch and Richard Greiner in 2011. They wanted to create a shopping and lifestyle experience for young men like themselves who lived in the city but had a passion for the outdoors. They bootstrapped Huckberry with their savings to bring a unique company to life. Huckberry is rapidly growing and curates a selection of apparel, outdoor gear, home goods and accessories from a variety of brands on its e-commerce platform to support the lifestyle of the urban adventurer. In the early days, Huckberry depended on email and document sharing to communicate and build up product ranges. When Huckberry added a private label division, product development within the company exploded. It was time

Wipro Limited today announced the launch of automation services powered by the Wipro HOLMES™ artificial intelligence platform. The interface software for Wipro HOLMES 2.0 for SAP® applications has been certified by SAP, a market leader in enterprise application software, to automate and interoperate with business processes running in the SAP ERP application. Wipro’s automation services are designed to deliver cognitive enhancements to user experience and productivity with a measurably improved ‘Business Value Index’ for each level of a business process. Closely integrated with Wipro HOLMES, these services have an efficient conversational computing interface, enabled by technology from Avaamo that can learn and perform multi-turn conversations and execute judgement-intensive tasks just like humans and enhance the user experience. Wipro Ventures, the strategic investment arm of Wipro Limited that is focused on investing in early-to mid-stage startups, has invested in Avaamo, an enterprise software company in the conversational computing space. Wipro’s automation services

The presentation will share China-Euro Vehicle Technology AB’s PLM journey. Ann Arbor, Michigan, 19 September 2017—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces that Erik Gräns, Director of PLM Development at China-Euro Vehicle Technology AB (CEVT) and PLM Solutions Development Lead at the Geely Group (Geely), will make a presentation at PLM Road Map™ 2017. The event will be held in collaboration with PDT Europe 2017 on October 17 at The Clarion Hotel Post in Gothenburg, Sweden. PDT Europe will take place at the same location on October 18-19. CEVT was founded in 2013 with the assignment of developing a new C-segment platform for Geely. As a greenfield company the team had a new office but with no network, no computers, no PLM system, and no engineers. In his presentation, “PLM journey at CEVT: Digitalization in a Greenfield Automotive Development Company,” Mr. Gräns will share how CEVT

ESI Group announces the release of SYSWELD, ESI’s software solution for Assembly, Welding and Heat Treatment. ESI SYSWELD is the most accurate Finite Element Analysis (FEA) multi-physics software on the market to simulate simulates thermal joining (arc, electron beam, laser, friction stir, spot welding) and heat treatment (carburizing, carbonitriding, quenching). SYSWELD accurately predicts material characteristics, residual stresses and distortions of structures. By accounting for all relevant manufacturing effects and enabling the transport of simulation results from one manufacturing step to the next, SYSWELD delivers a truly predictive end-to-end solution for the manufacturing of welded and assembled industrial parts. These unique capabilities enable manufacturers in ground transportation and other industry sectors — aerospace, heavy industries and marine — to reduce product development costs and time to market and ensure process automation and optimization. For example, COMIL, a major bus manufacturer in Brazil, employed SYSWELD to manage to geometrical distortions induced by welding and assembly of

Dassault Systèmes today announced at the 3DEXPERIENCE Forum India 2017 in Mumbai that VE Commercial Vehicles Limited (VECV), a joint venture in India between the Volvo Group and Eicher Motors Limited, has chosen the 3DEXPERIENCE platform to cost-effectively develop and deliver innovative, high-quality trucks and buses to the growing commercial vehicle market in India. VECV is deploying “Modular, Glocal and Secure” industry solution experience for an integrated approach to product development that accommodates regional requirements.  The deployment is part of the company’s “Integrated Data Management” initiative, which aims to improve quality, streamline the product development process, and deliver business value across the organization by integrating the processes, data and systems of its engineering and manufacturing value chain. Based on the 3DEXPERIENCE platform, “Modular, Glocal and Secure” industry solution experience unifies digital information in a single collaborative environment that is accessible to VECV’s product planning and portfolio management, product development, vehicle integration, and manufacturing planning departments,

Oracle Corporation today announced fiscal 2018 Q1 results. Total Revenues were up 7% from the prior year to $9.2 billion. Cloud plus On-Premise Software Revenues were up 9% to $7.4 billion. Cloud Software as a Service (SaaS) revenues were up 62% to $1.1 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $400 million. Total Cloud Revenues were up 51% to $1.5 billion. GAAP Operating Income was up 7% to $2.8 billion and Operating Margin was 31%. Non-GAAP Operating Income was up 11% to $3.8 billion and non-GAAP Operating Margin was 41%. GAAP Net Income was up 21% to $2.2 billion, while non-GAAP Net Income was up 14% to $2.7 billion. GAAP Earnings Per Share was up 19% to $0.52, while non-GAAP Earnings Per Share was up 12% to $0.62. Short-term deferred revenues were up 9% compared with a year ago