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Items filtered by date: June 2022 - CIMdata
The Digital Twin Consortium® announced a liaison agreement with the National Institute of Building Sciences (NIBS) to advance the use of digital twins in the building industry. “We are excited about working with NIBS on leveraging digital twins to extend building information management systems (BIMs) capabilities,” said Dan Isaacs, CTO, Digital Twin Consortium. “Through our collaboration, we will influence standards and processes to advance the use of digital twins in building industries.” Established by the U.S. Congress in 1974, NIBS convenes experts from throughout the building industry, architecture, design, construction, and government. “The construction industry has been a leader in implementing building information modeling to support activities in delivering projects, and NIBS supports this effort by developing BIM standards and guidelines at the national level,” said Stephen T. Ayers, FAIA, Interim CEO of NIBS. “This agreement with the Digital Twin Consortium comes at a critical point for the built environment.” The two groups have agreed
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STRONG PROGRESS IN ALL DIVISIONS SECOND QUARTER SUMMARY, APRIL–JUNE 2022 Net sales increased by 49 per cent to SEK 1,489 m (1,002), of which 14 per cent was organic. Currency-adjusted organic growth was 11 per cent. EBITA increased to SEK 154 m (98), and the EBITA margin increased to 10.3 per cent (9.8). Operating profit rose to SEK 101 m (59), and the operating margin widened to 6.8 per cent (5.9). Profit for the period increased to SEK 70 m (40). Earnings per share increased to SEK 0.52 (0.30*). Cash flow from operating activities increased to SEK 122 m (51). 4:1 share split executed in May 2022. Acquisition of Decisive AS of Norway with net sales of some SEK 57 m. SEK 1,600 m revolving credit facility extended by one year to June 2025. Supported by AGM authorisation, the Board of Directors decided to repurchase a maximum of 230,000 class B treasury shares. * Due to the 4:1 share split executed in
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L&T Technology Services Limited, India’s leading pure-play engineering services company, announced its results for the first quarter ended June 30, 2022. Highlights for Q1FY23 include: Revenue at ₹18,737 million; growth of 23% YoY USD Revenue at $239.5 million; growth of 20% YoY in constant currency EBIT margin at 18.3%; up 100 bps YoY Net profit at ₹2,742 million; growth of 27% YoY During the quarter, LTTS won a USD 50 million plus deal, four USD 15 million deals and two deals with TCV of USD 10 million. “We started the new fiscal on a strong note with revenue growing sequentially by 4.7% in constant currency. Growth was led by Plant Engineering and Industrial Products, benefitting from spends towards digital manufacturing, energy transition and smart & connected products. Our big bets focus has helped us to align ourselves with these strategic and multi-year customer programs. Deal wins were very strong during the quarter and spread across segments. Our Aerospace and Rail segment is seeing a revival of large deal bookings with a USD
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Larsen & Toubro Infotech, a global technology consulting and digital solutions company, announced its Q1 FY23 results. In US Dollars: Revenue at USD 580.2 million; growth of 1.7% QoQ and 23.4% YoY Constant Currency Revenue growth of 2.9% QoQ and 26.6% YoY In Indian Rupees: Revenue at INR 45,228 million; growth at 5.1% QoQ and 30.6% YoY Net Income at INR 6,344 million; decrease of 0.5% QoQ and growth of 27.7% YoY “We are pleased to report 26.6% YoY revenue growth in constant currency. We added 4 Global Fortune 500 logos to our client list in Q1, taking our total Global Fortune 500 customers to 77. We are also happy to announce 4 large deal wins during the quarter with net new TCV of US$ 79mn.” – Sudhir Chaturvedi, President Sales & Executive Board Member “Our healthy pipeline will ensure that we maintain our large deal momentum. Our sustained net headcount addition reflects our confidence and continued focus to deliver strong growth in FY23” – Nachiket Deshpande, Chief Operating Officer & Executive Board Member Recent Deal Wins Selected by
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Rockwell Automation, Inc. is scheduled to report its third quarter fiscal 2022 results on Wednesday, July 27, before the market opens. The release will be posted on the Rockwell Automation Investor Relations website at www.rockwellautomation.com/en-us/investors.html. A conference call to discuss the quarterly results will be held at 7:30 a.m. CDT on July 27. This call will be audio webcast and accessible on the Rockwell Automation website. Presentation materials will also be available on the website prior to the call. Interested parties can access the conference call by dialing the following numbers: +1 (888) 330-2022 in the U.S. and Canada; +1 (646) 960-0690 for other countries. Use the following passcode: 5499533. Please dial in 10 minutes prior to the start of the call. Both the presentation materials and a replay of the call will be available on the Investor Relations section of the Rockwell Automation website through August 26. To view the original press release, please
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Second quarter 2022 DELIVERING ON THE SHIFT, 25% REVENUE GROWTH AT FIXED FX Continuing operations Order intake SEK 28,740 million (21,816) Order intake growth, at fixed exchange rates 22% Revenues SEK 27,050 million (20,136) Revenue growth, at fixed exchange rates 25% Adjusted EBITA SEK 5,141 million (4,192) Adjusted EBITA margin 19.0% (20.8) Adjusted EBIT SEK 4,794 million (4,093) Adjusted EBIT margin 17.7% (20.3) Adjusted profit before tax SEK 4,812 million (3,965) Profit for the period SEK 2,627 million (3,159) Adjusted profit for the period SEK 3,694 million (2,999) Earnings per share, diluted SEK 2.10 (2.52) Adjusted earnings per share, diluted SEK 2.95 (2.39) Free operating cash flow SEK -49 million (2,945) Additional information may be obtained from Sandvik Investor Relations, phone +46 70 782 63 74 (Louise Tjeder). A webcast and conference call will be held on July 15, 2022 at 13:00 CEST. Information is available at home.sandvik/investors To view the original press release, please click here. Search for Sandvik on CIMdata.com
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Infosys a global leader in next-generation digital services and consulting, announced a definitive agreement to acquire BASE life science, a leading technology and consulting firm in the life sciences industry, in Europe. The acquisition reaffirms our commitment to help global life sciences companies realize business value from cloud-first digital platforms and data, to speed-up clinical trials and scale drug development, positively impacting lives and achieving better health outcomes. BASE brings to Infosys, domain experts with commercial, medical, digital marketing, clinical, regulatory, and quality knowhow. Backed by a team of data science specialists, BASE is at the frontier of the latest technological developments and trends. It has a strong focus on Data & AI, and the ability to bridge and integrate business logic and technology, driving insights for better health outcomes. Headquartered in Denmark, BASE is one of the fastest growing technology and consulting partners in the life sciences industry. The company has about 200
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Vertex Software, Inc., a pioneer in 3D manufacturing visualization and cloud collaboration technology, announces that they have been selected as a supplier to Deere & Company, a leading global manufacturer of agricultural, forestry, and other heavy equipment and an Industry 4.0 innovator. John Deere employees will use Vertex to access the state of the factory, service needs for equipment, forecast planning, and gather information about how equipment functions in real time. They can access the content on any computing device in seconds, including tablets, laptops, and smartphones. By pushing 3D information data beyond the engineering department, Vertex’s purpose-built software will support John Deere’s Industry 4.0 initiatives, including Smart Connected Factory programs, by delivering real-time, actionable 3D data across manufacturing and business operations. The Vertex 3D Platform dramatically reduces the time, cost, and effort needed to use 3D visualizations across the manufacturing value chain. The platform will help John Deere build and deploy fit-for-purpose
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4T2D, the sustainable apparel company, has selected Centric Software®’s Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source and sell products such as apparel, footwear, sporting goods, furniture, home décor, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals. 4T2D (pronounced ‘fortitude’) is an apparel startup, founded in January 2021. Jordan Leach, Brand and Operations Manager says, “We’re a little over a year old, and launching our first line this fall. We are an every-wear brand, where you can go from work to play; you can wear our pieces at any time, any-wear.” Leach explains why they have chosen to implement PLM at the inception of their company. “Currently our team is small. Our focus has been on sourcing and product development which is where we found the need for PLM.” She continues, “We needed something that would make our process
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Accenture is using a proprietary database powered by artificial intelligence (AI) to help Colonial Pipeline, the largest refined products pipeline in the United States, reduce regulated and deregulated electric utility rates for its interstate pipeline system. The energy-management project leverages Accenture’s Utility Tracking System (UTS), a proprietary database of approximately 30 million anonymized utility bills that the company has been aggregating for more than 20 years. Built to identify power tariff options around the world, UTS uses AI-powered insights and automation as part of Accenture’s SynOps platform to continuously improve the efficiency and reliability of electricity rate-savings recommendations. Accenture is using insights generated by UTS to evaluate power bills for operations at approximately 80 Colonial Pipeline pump stations along its 5,500-mile pipeline system, which delivers approximately 100 million gallons of refined petroleum products daily to markets in the Southern and Eastern United States. Armed with information about tariff options, Accenture presents lower-cost options — e.g.,
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