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Items filtered by date: July 2024 - CIMdata
TrueProject, a leading provider of advanced predictive project management solutions, is pleased to announce a new resell relationship with Coforge, a premier global digital services and solutions provider. This strategic partnership will enable Coforge to sell and implement the TrueProject solution, further enhancing their ability to deliver superior project management services to their clients. As an existing client of TrueProject, Coforge has already experienced the transformative power of TrueProject’s cutting-edge technology in optimizing project performance and outcomes. Building on this success, Coforge will now extend the benefits of TrueProject to a broader client base, leveraging their deep industry expertise and extensive market reach. “We are excited to expand our relationship with Coforge,” said Tom Villani, CEO of TrueProject. “Coforge has been a TrueProject client, and their decision to become a reseller is a testament to the significant value that TrueProject brings to project management. Together, we will empower more organizations to achieve
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Third-quarter revenue rose 5% on a comparable basis, excluding currency translation and portfolio effects; comparable orders came in 15% lower than in Q3 FY 2023, which included a record-high level of orders in Mobility On a nominal basis, revenue increased 4% to €18.9 billion; orders were down 16% at €19.8 billion but exceeded revenue for a book-tobill ratio of 1.05, and the order backlog remained on a high level at €113 billion Profit Industrial Business rose 11% to €3.0 billion, and the profit margin reached 16.5%, well above the prior-year quarter Net income was €2.1 billion, with corresponding basic earnings per share (EPS) of €2.51 and EPS before purchase price allocation accounting (EPS pre PPA) of €2.66 “We grew profitably in the third quarter, continuing to benefit from the high demand in electrification. Another growth driver was our particularly strong industrial software business, which won several large license contracts. The industrial automation business remains
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Xometry, Inc., the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, reported financial results for the second quarter ended June 30, 2024. “We delivered record revenue, record gross profit and record gross margins as our AI-powered marketplace continues to gain market share,” said Randy Altschuler, Xometry’s CEO. “In Q2 2024, we grew our marketplace revenue 25%, with accelerated growth in the U.S. and a record 33.5% marketplace gross margin as more customers turn to Xometry for their supply chain solutions. The combination of data-driven AI and supplier network expansion will fuel robust growth and continued margin improvement.” “We delivered another strong quarter with better-than-expected results driven by improving marketplace gross margin and significant operating leverage,” said James Miln, Xometry’s CFO. “This resulted in a 70% improvement in our Adjusted EBITDA loss to $2.6 million, or 2.0% of revenue. We remain focused on our path to Adjusted EBITDA profitability.” Second Quarter 2024
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Align Technologies, a leading provider of construction operations solutions connecting the field, warehouse, and back office, announced the acquisition of FleetWatcher, a fast-growing fleet and materials management software provider that serves the heavy civil construction space. The acquisition extends Align’s product offerings and will allow customers to leverage a single platform to track tools, small equipment, fleet, and materials; oversee safety and compliance; and manage employee time, attendance, scheduling, and payroll. “Align is dedicated to offering best-in-class solutions that increase visibility, drive efficiency, and enable real-time decision-making across the full spectrum of construction operations,” stated Jay Martin, Align CEO. “In the past 24 months, we have added comprehensive safety, workforce management, and wireless tracking capabilities to our construction management platform. FleetWatcher’s cutting-edge telematics solutions for heavy equipment contractors and best-in-class asphalt paving solutions further build out the Align product suite by enhancing our asset tracking offerings and enabling us to better
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Configit, the global leader in Configuration Lifecycle Management (CLM), will hold the Configuration Lifecycle Management Summit in Turin, Italy. “Live in Turin,” cohosted by Coolshop, is set for Sept. 10-11, 2024. This event will bring together global experts and industry leaders in manufacturing to discuss strategies for optimizing configuration and sales processes to boost enterprise operational efficiency. Attendees will gain valuable insights from top industry leaders on integrating CLM with Configure-Price-Quote (CPQ) and Product Information Management (PIM) systems, as well as how connecting sales tools with engineering delivers the right configuration data throughout the entire value chain, including after-sales processes. The agenda includes discussions on new trends and opportunities in CLM, the role of Customer Experience (CX) in driving sales excellence, and the integration of Customer Relationship Management (CRM) and CLM. Additionally, real-world case studies will be presented by Case New Holland (CNH) and Sidel, showcasing how they have successfully implemented advanced CLM and CPQ solutions to enhance efficiency and customer satisfaction. Attendees
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Cyncly, the leading global provider of software and content solutions that help make amazing spaces for living, will be presenting its latest innovations and solutions for the kitchen trade and kitchen industries at area30. Since its premiere in 2011, each year the area30 trade and order fair brings together representatives of the kitchen industry to discuss trends, review business solutions and plan for the industry’s future. During the event from 21 to 26 September, Cyncly can be found at stand A25.  At area30, Cyncly will be showcasing its comprehensive suite of software solutions, which has been specially developed to meet the needs of the kitchen industry. This includes integrated management tools and the world’s largest catalogue content hub. These solutions are designed to optimize the entire planning and sales process, helping designers and retailers deliver a great consumer experience while building their business.  “Since the merger of Compusoft and 2020, we have
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AECOM, the world’s trusted infrastructure consulting firm, reported third quarter fiscal 2024 results.   Third Quarter Fiscal 2024   Year-to-Date Fiscal 2024 (from Continuing Operations; $ in millions, except EPS) As Reported Adjusted1 (Non-GAAP) As Reported YoY % Change Adjusted YoY % Change   As Reported Adjusted1 (Non-GAAP) As Reported YoY % Change Adjusted YoY % Change   Revenue $4,151 -- 13% --   $11,995 -- 14% --   Net Service Revenue (NSR)2 -- $1,826 -- 8%   -- $5,353 -- 8%   Operating Income $227 $261 NM 19%   $591 $724 142% 16%   Segment Operating Margin3 -- 16.3% -- +110 bps   -- 15.5% -- +90 bps   Net Income $129 $159 NM 21%   $338 $445 321% 17%   EPS (Fully Diluted) $0.95 $1.16 NM 23%   $2.47 $3.25 333% 20%   EBITDA4 -- $286 -- 16%   -- $805 -- 13%   EBITDA Margin5 -- 16.5% -- +130 bps   -- 15.8% -- +90 bps   Operating Cash Flow $291 -- 4% --   -- $529 -- 29%   Free Cash Flow6 -- $273 -- 3%   -- $434 -- 32%   Total Backlog $23,362 -- 1%7 --             Third Quarter Fiscal 2024 Highlights: Reflecting as reported performance from continuing operations, revenue increased 13% to $4.2 billion, operating income increased to $227 million, net income increased to $129 million, and diluted earnings per share increased to $0.95. Net service revenue2 increased by 8% to a record high, driven by growth across all of the Company’s largest end markets and the benefits from continued addressable market expansion. The adjusted EBITDA margin5 increased by 130 basis points to 16.5% and the segment adjusted1 operating margin3 increased by 110 basis points to 16.3%, both of which set quarterly records, reflecting strong execution and the high
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Aspen Technology, Inc. ("AspenTech" or the "Company"), a global leader in industrial software, announced financial results for its fourth quarter and fiscal year ended June 30, 2024. “AspenTech’s fourth quarter results reflected excellent execution across all areas of our business,” commented Antonio Pietri, President and Chief Executive Officer of AspenTech. “The strong performance of our DGM suite in the full year was a great demonstration of the significant growth opportunities in the utilities market and the benefit of our diversified end-market exposure.” “In fiscal 2025, we are targeting another year of solid ACV growth, even as we manage through a dynamic macro environment. At the same time, we are focused on driving toward best-in-class profitability and plan to continue enhancing our productivity and efficiency. We believe this attractive combination of top-line growth and margin expansion can deliver significant value for our shareholders,” concluded Pietri.  Fiscal Year 2024 and Recent Business Highlights Annual Contract Value1 ("ACV") was $968.4 million at the end of fiscal 2024,
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Wednesday, August 07, 2024

Kontron AG with record EBITDA in Q2

Kontron AG, a leading global provider of IoT technology, today announced its results for the second quarter of 2024, with the Katek group consolidated for all 3 months.  Sales increased by 52.9% to EUR 423.8 million in Q2 2024 (Q2 2023: EUR 277.3 million), of which EUR 134.5 million came from Katek. EBITDA reached a record high at EUR 46.5 million which is a plus of 48.6% compared to Q2 2023 (EUR 33.1 million). Consolidated net income grew to EUR 21.6 million (Q2 2023: EUR 19.0 million) despite one-off costs and additional EUR 2.2 million PPA amortisation from the Katek acquisition. Without the new PPA amortisation net income stood at EUR 23.8 million. The operating cash flow came in at EUR -6.1 million in Q2 2024 and at EUR 17.0 million adjusted for repaid factoring accounts receivables. The good results are based on the record gross margin of 42.5% (FY 2023:
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Rockwell Automation, Inc. reported third quarter fiscal 2024 results. "Rockwell delivered another quarter of good execution with sales, margin, and EPS all above our expectations. I’m particularly pleased with the progress we are making on driving productivity to support our long-term margin expansion targets. We are already seeing the benefit from these actions this fiscal year and expect to drive margin growth and productivity through FY25 and beyond. On the demand side, we did see additional project delays this quarter, with customers citing weaker consumer demand, high interest rates, and policy uncertainty around tax, tariffs, and stimulus incentives as the main drivers for deferring their investment plans. Therefore, while we saw progress on inventory de-stocking at our distributors and machine builders in Q3, our low-single-digit sequential growth in orders was lower than we expected," said Blake Moret, Chairman and CEO. Fiscal Q3 2024 Financial Results Fiscal 2024 third quarter sales were $2,051 million,
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