News

Autodesk, Inc. today reported financial results for the first quarter of fiscal 2019. First Quarter Fiscal 2019 Note: Starting the first quarter of fiscal 2019, Autodesk reports its results under two new accounting standards.  Revenue is now reported under Accounting Standard Codification ("ASC") 606 and sales commissions are now reported under ASC 340-40. We did not recast historical information as we elected to use the modified retrospective transition method. These new standards did not result in a change in timing or amount of revenue recognized for the majority of our maintenance and subscription offerings.  However, we are required to capitalize and amortize sales commissions under the new standards. ASC 606 and ASC 340-40 do not affect cash flows or subscriptions. ·         Subscription plan ARR was $1.40 billion, an increase of 103 percent compared to the first quarter last year as reported, and 101 percent on a constant currency basis. Under the prior revenue accounting

Autodesk, Inc. today reported financial results for the first quarter of fiscal 2019. First Quarter Fiscal 2019 Note: Starting the first quarter of fiscal 2019, Autodesk reports its results under two new accounting standards.  Revenue is now reported under Accounting Standard Codification ("ASC") 606 and sales commissions are now reported under ASC 340-40. We did not recast historical information as we elected to use the modified retrospective transition method. These new standards did not result in a change in timing or amount of revenue recognized for the majority of our maintenance and subscription offerings.  However, we are required to capitalize and amortize sales commissions under the new standards. ASC 606 and ASC 340-40 do not affect cash flows or subscriptions. Subscription plan ARR was $1.40 billion, an increase of 103 percent compared to the first quarter last year as reported, and 101 percent on a constant currency basis. Under the prior revenue accounting standard, ASC

The National Institution for Transforming India (NITI Aayog), the think tank of the Indian government, and ABB India have signed a Statement of Intent (SoI) to support the Indian government to realize its ambitious vision of “Make in India” through advanced manufacturing technologies that incorporate the latest developments in robotics and artificial intelligence. NITI Aayog will work with ABB to prepare key sectors of the economy, such as the power and water utilities sector, industries like food as well as the heavy industries sector; and the transport (rail and metro) and infrastructure sectors for digitalization, the Internet of Things (IoT) and Artificial Intelligence (AI). The initiative also covers the fast growing segment of electric mobility. Jointly, NITI Aayog and ABB will work with government ministries, solicit feedback for areas critical to them and discuss solutions using industrial automation, and digitalization technologies. “We are looking forward to learning more about practical

Ectobox, Inc., a custom software and IoT development firm specializing in the manufacturing industry, announced that it has become a PTC Technology Partner and Solution Provider. PTC is the global software company behind ThingWorx, an industrial IoT technology platform, as well as providing other solutions that help companies design, manufacture, operate and service products to achieve product and service advantages. As a result of the partnership, Ectobox will build custom IoT solutions on the latest version of PTC's ThingWorx platform, the leading IoT software platform on the market. The partnership will empower Ectobox to provide a wider array of services and have a bigger impact on manufacturers and heavy industry in Pennsylvania and the mid-Atlantic region. “This partnership streamlines our development process and expands our capabilities as we deliver IoT solutions. Building directly on the ThingWorx platform eliminates a lot of back-end and front-end development costs, making it more affordable

Mentor, a Siemens business, today announced that the Nucleus® SafetyCert™ real-time operating system (RTOS) has successfully achieved international safety testing and certification from TÜV SÜD, an independent third-party global leader in safety certification. Deployed in over 3 billion devices, the proven, scalable, high-performance Nucleus RTOS meets the stringent certification and regulatory requirements for device manufacturers developing safety-related software for their respective products. "The Nucleus SafetyCert RTOS was put through a complete range of tests, from code reviews, analysis, testing, and product life-cycle processes to ensure that it met the critical safety requirements for the IEC industrial and medical safety standards," stated Günter Greil, business line manager responsible for certification of generic safety components at TÜV SÜD. "For device manufacturers, this certification shortens the path for meeting the regulatory and safety requirements for embedded product development in industrial and medical markets." The Nucleus SafetyCert offering comprises a certified version of the Nucleus RTOS

In conventional design approach using ECAD and MCAD authoring tools, electro-mechanical product are designed with many separate rework iterations in each tool. When the design is finished, independently in each tool, the process continues to the common design phase where the MCAD and ECAD designers collaborate to produce the final electro-mechanical product. The mechatronic approach is quite different since there are no separate design phases in each of the authoring tools, instead, there are many common rework iterations with no distinct boundaries between electrical and mechanical design. The nature of common rework iterations implies that real mechatronic collaboration must be integrated into the CAD tools to enable engineers to work across boundaries of their working domain. MECODES is a unique suite of MCAD and ECAD collaboration solutions. It introduces a new methodology for multi-domain collaboration during the design of electromechanical products. To improve product design, achieve cost reduction and enable

Around a dozen key areas in the new 2018 R2 release of Vero Software’s Javelin ERP/MRP production control system contain items of new and enhanced functionality. With an ethos of improving efficiency and cutting down the time taken in a number of areas, the main updates are in Javelin’s core business control competencies. In addition to existing warnings and error messages about non-compliance within operations, the latest release includes a Part Status, which allows the user to create their own warnings. Javelin Account Manager Andy Mills explains that they can be specific to clients. “Examples would be where a part is pending, or a review is coming up. The operator can add a pre-warning, which flashes up on screens such as Sales Orders, Purchase Orders and Works Orders.”   A major reworking of Stock Check separates recording the physical and financial changes into two phases, meaning errors are verified and

International TechneGroup (ITI) announces performance, usability, and functionality improvements with the release of CADIQ 11.  The rise of model-based initiatives in manufacturing is increasing need for model re-use. For many customers, especially those in the aerospace industry, stringent requirements demand a high level of data integrity. Whether for downstream manufacturing re-use or for inspection, there is a greater emphasis on the need to trust the CAD model as it moves through the digital enterprise. CADIQ is the industry-leading validation solution to identify model-based design (MBD) issues that adversely impact downstream uses and processes. According to ITI’s CADIQ Product Manager, Raphael Nascimento, “CADIQ provides critical technical capabilities to establish trust in the model as well as trust in any derivatives of the model. CADIQ capabilities support sophisticated engineering and manufacturing processes, as well as complex model types.”  These are a few of the many updates include in CADIQ 11 to support comprehensive validation

ASSESS Initiative is proud to announce that Dassault Systèmes will be a Gold Sponsor for the upcoming ASSESS 2018 CONGRESS to be held at Chateau Elan Winery & Resort Oct 28th -30th, 2018.  “Due in part to stricter regulations, global supply chains, and consumer expectations for low cost, high-quality products, manufacturing companies are looking for ways to expand their use of realistic simulation to help them achieve their goals,” stated Sumanth Kumar, VP SIMULIA Brand Marketing at Dassault Systèmes.  “We are very glad to support the ASSESS Initiative and its Annual Congress as part of the collaborative effort of ASSESS to bring together thought leaders from various organizations to take action on improving the awareness and value of Engineering Simulation to the industry.” The ASSESS 2018 Congress is the 3rd annual ASSESS congress. The ASSESS 2018 Congress is the 3rd annual congress for ASSESS organized to “enable” both strategies

Dassault Systèmes is collaborating with Granta Design to help product innovation teams make more informed decisions about the materials they use for the products they are developing and the experiences they want to deliver.  Dassault Systèmes’ 3DEXPERIENCE platform will integrate with Granta Design’s GRANTA MI system for materials information management, improving productivity and collaboration.  Thanks to the integration of GRANTA MI technology, approved information from a company’s materials database will be directly available to its product innovation teams on the 3DEXPERIENCE platform.  Designers, engineers, simulation analysts and other stakeholders will be able to quickly access accurate and consistent information on materials and their properties, and check that requirements on their structural behavior, cost, application, compliance or sustainability are fulfilled. “Science-driven companies using the 3DEXPERIENCE platform to explore materials now gain higher levels of confidence and flexibility in their innovation process,” said Leif Pedersen, CEO, BIOVIA, Dassault Systèmes.  “The ability to search and assign