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Items filtered by date: January 2018 - CIMdata
Trimble Inc. today announced financial results for the fourth quarter and fiscal year end 2017 results. Fourth Quarter 2017 Financial Summary Fourth quarter 2017 revenue of $708.4 million was up 21 percent as compared to the fourth quarter of 2016. Buildings and Infrastructure revenue was $209.6 million, up 18 percent. Geospatial revenue was $176.4 million, up 11 percent. Resources and Utilities revenue was $131.6 million, up 38 percent. Transportation revenue was $190.8 million, up 24 percent. GAAP operating income was $62.8 million, up 14 percent as compared to the fourth quarter of 2016. GAAP operating margin was 8.9 percent of revenue as compared to 9.4 percent of revenue in the fourth quarter of 2016. The U.S. Tax Cuts and Jobs Act was enacted on December 22, 2017 and resulted in a provisional tax expense impact of $85 million in the fourth quarter of 2017 primarily due to the one-time transition tax on accumulated foreign subsidiary earnings and deferred tax impacts. GAAP net loss was $35.0
Published in Newsletter Articles
Today, Lectra's Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2017. Audit procedures have been performed by the Statutory Auditors. The certification report will be issued at the end of the Board of Director's meeting of February 27, 2018. (Comparisons between 2017 and 2016 are like-for-like, unless stated otherwise). Q4 2017: Strong growth in income from operations, on a like-for-like basis - particularly high free cash flow Q4 orders for new systems (€32.9 million) were 3% lower (-€0.9 million) than those booked in Q4 2016. Orders in previous quarters were €32.3 million, €32 million and €26.5 million respectively in Q1, Q2 and Q3 2017. In Q4 2016, orders for new systems were €35.2 million, the Company's highest ever quarter for new systems orders. Revenues (€71.5 million) were up 7% (+3% at actual exchange rates). Income from operations (€10.2 million) was up 13%
Published in Newsletter Articles
PTC today announced the initial agenda for the award-winning LiveWorx® digital transformation conference, which will be held in Boston from June 17-20, 2018. The annual event expects to feature more than 230 sessions covering a host of trending technology topics, including AR/VR, IoT, Industrie 4.0, product design & business process, robotics, AI, data, security, blockchain, and more. LiveWorx expects to feature 12 content tracks covering industries and themes that will explore trending digital transformation topics and disruptive technologies. Industrial thought leaders will share their insights on the framework to undergo successful digital transformation. This year's event will feature the following confirmed track keynote speakers: Bernard Marr, best-selling business author, keynote speaker, and consultant in strategic performance, analytics, KPIs, and big data Jaron Lanier, computer scientist, musician, artist, and author of Who Owns the Future? Kevin Ashton, coined the term "Internet of Things," creator of the WeMo home automation platform, co-founder and CEO of leading clean-tech startup Zensi Shel Israel, co-founder and
Published in Newsletter Articles
Dr. Paul Stewart has joined Altair as VP, Automotive Aerodynamics Modeling and Visualization. He will lead Altair’s Virtual Wind Tunnel solutions operations, focusing on fluid dynamics for ground transportation vehicle design. Dr. Stewart was most recently at Exa Corporation, acquired by Dassault Systemes in 2017, where he was Senior Director, Design and Visualization. During his 30+ year career developing design technologies, Dr. Stewart has pioneered the application of shape morphing to automotive aerodynamic design. He holds a Ph.D. in Naval Architecture and Marine Engineering from the University of Michigan, where his doctoral research on the mathematics of faired curves and surfaces for vehicle design was sponsored by Chrysler. Industry positions have included 15 years at Exa and 11 years at Ford Research. Professional accomplishments of note include a process-driven meshing and parametric shape modification tool, ground-breaking work using statistical analysis and response surfaces to understand and optimize the aerodynamic performance of
Published in Newsletter Articles
Altair Engineering Inc. is pleased to announce the addition of RAMDO, software developed by RAMDO Solutions, to the Altair Partner Alliance (APA). RAMDO is an Uncertainty Quantification (UQ), reliability analysis, and Reliability-based Design Optimization (RBDO) software platform. As a complementary CAE software when used in conjunction with a design simulation package, RAMDO provides a more reliable product design. It allows the designer to take into account the variability of design inputs (materials, loads, operating conditions, etc.) and create an optimized solution. RAMDO uniquely performs this analysis with efficient use of computer resources, a user-friendly interface, and at a cost-effective license subscription. “We are excited to be joining the Altair Partner Alliance,” said Nicholas Gaul, COO and Lead Developer at RAMDO Solutions. “RAMDO can be a great tool for HyperWorks users to explore design reliability improvements by the formal inclusion of variability (materials, loads, manufacturing, operational conditions, etc.) into simulations. Our software increases
Published in Newsletter Articles
 PDF Key takeaways: De-customization and standardized configuration of PLM and MES solutions are gaining momentum Leveraging more than 30 years of enterprise PLM and MES experience, DXC Technology is a global leader in de-customization and standardized configuration of enterprise software solutions DXC Technology has helped Penske improve the efficiency of its PLM solution while reducing implementation errors and costs, as well as reducing upgrade time DXC Technology has supported a global automotive OEM, which produces more than 9 million vehicles annually, to achieve competitive leadership through the smart standardization of its MES systems Configuration and Customization in the World of Cloud, SaaS, and IoT CIMdata, along with most of the PLM and MES solution providers and enterprise industry users, has traditionally defined configuration as a way to adjust or define the behavior of an enterprise software solution in a manner that the configured capabilities carry forward to the next-released version of the solution without code changes to
Published in Commentaries
ANN ARBOR, Michigan, 13 February 2018—CIMdata, Inc., the leading global product lifecycle management (PLM) strategic management consulting and research firm, announces the hiring of Mr. David Ford. Mr. Ford joins CIMdata as its Chief Operating Officer reporting to CIMdata's President, Mr. Peter Bilello. Over his 30-year career, Mr. Ford has served in various roles at Automatic Data Processing (ADP), Mentor Graphics, and Autodesk. He's developed world-class CAD software, acquired and integrated technology and service companies, and created strategic partnerships with companies such as Apple, Dell, Lenovo, and Alcoa. Mr. Bilello stated, "David brings depth and experience in defining strategy, operations, and knowledge in Manufacturing, AEC, and Media/Entertainment industries. I am excited to announce this strategic addition to the CIMdata management team and envision that David will start contributing immediately." Mr. Ford served as Engineering Director for Autodesk Inventor, opened the company's first remote R&D office in Shanghai, China, while managing product development teams
Published in News & Press
Product service and service lifecycle management (SLM) are undergoing significant changes. Companies are leveraging the advent of smart, connected products, the Internet of Things (IoT), and the Industrial Internet of Things (IIoT) to capture and manage more information about the in-service use and status of products and systems. This information is enabling them to provide better service to their customers and create new business models in which service rather than the product is the focus, e.g., "power by the hour" made famous by GE for their jet engines. Historically, with some exceptions, product service has been reactive, primarily repairing products when there is a problem or failure. Products were standalone entities and service personnel used standard repair kits and static, often dated, technical service manuals. But products are becoming increasingly complex, incorporating more electronics and software to the point that differentiation in product models and capabilities is primarily driven by software,
Published in PLM
Materialise NV and PTC have partnered to increase the 3D printing capabilities of PTC’s Creo suite of computer-aided design (CAD) software. This collaboration will expand access to 3D Printing and allow manufacturers to more easily integrate 3D printing capabilities into their manufacturing process, signaling another milestone in the increasing adoption of 3D Printing in the manufacturing industry. 3D Printing is positioning itself as a valuable complimentary manufacturing technology. Especially with recent advancements in metal 3D Printing, additive manufacturing is increasingly adopted when solving specific manufacturing challenges and creating customized, complex end-use products. As the manufacturing industry continues to discover its potential, the need to integrate advanced 3D Printing as part of a product lifecycle management system will continue to increase. “Our collaboration with PTC will bring improved 3D Printing capabilities to PTC’s CAD software and makes it easier for manufacturers to integrate 3D Printing into their operations,” said Stefaan Motte,
Published in Newsletter Articles
Hewlett Packard Enterprise (HPE) will conduct a live audio webcast of its conference call to review its financial results for the first fiscal quarter, which ended January 31, 2018. The call is scheduled for Thursday, February 22 at 4:30 p.m. ET / 1:30 p.m. PT, and the webcast will be available at www.hpe.com/investor/2018Q1Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. To view the original press release, please click here. Search for Hewlett Packard Enterprise on CIMdata.com
Published in Newsletter Articles
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