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Items filtered by date: July 2024 - CIMdata
Sage, a leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), announces new developments in their ongoing partnership with Microsoft. The advancements in Sage Instant Analysis, Sage Active and Sage Network are set to enhance operational efficiency and innovation for SMBs through integrated solutions and cutting-edge technologies. “Our partnership with Microsoft aims to give small and medium-sized businesses the tools they need for success in today's digital age. These updates offer fresh ways to improve customers’ operations and increase productivity," says Amaya Souarez, EVP, Cloud Services & Operations, Sage. "This collaboration is about bringing our strengths together. It shows our united effort to spark innovation, support growth, and deliver the latest solutions for the ever-changing demands of the business world." Enhanced Financial Analysis with Sage Instant Analysis : As part of Sage Copilot’s reporting and analytics capabilities, Sage Instant Analysis integrates Microsoft Azure OpenAI Service to empower SMBs by
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Schneider Electric, the leader in the digital transformation of energy management and automation, released its sustainability performance scores for the second quarter of 2024, alongside its half-year financial results. Tracking and disclosing the quarterly progress of Schneider's Sustainability Impact (SSI) program is central to achieving its 2021–2025 global and local ambitions, contributing to its six long-term sustainability commitments. Just last month, Schneider Electric topped the list of "World's Most Sustainable Companies for 2024" compiled by TIME Magazine and Statista, further emphasizing the strategic importance it places on sustainability impact. This recognition underlines Schneider Electric's climate leadership in setting ambitious targets and its expertise in helping customers become more energy efficient and reduce their emissions. "Coming top in TIME's list of most sustainable companies confirms just how much ambition and dedication are needed to decarbonize value chains and evolve business models," said Xavier Denoly, Senior Vice President of Sustainable Development at Schneider Electric. "With one and half years to
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Bentley Systems, Incorporated, the infrastructure engineering software company, announced results for the quarter ended June 30, 2024. Second Quarter 2024 Results Total revenues were $330.3 million, up 11.3% or 11.9% on a constant currency basis, year-over-year; Subscriptions revenues were $297.4 million, up 14.7% or 15.3% on a constant currency basis, year-over-year; Annualized Recurring Revenues (“ARR”) was $1,215.9 million as of June 30, 2024, compared to $1,105.9 million as of June 30, 2023, representing a constant currency ARR growth rate of 11%; Last twelve-month recurring revenues dollar-based net retention rate was 108%, compared to 110% for the same period last year; Operating income margin was 24.3%, compared to 18.0% for the same period last year; Adjusted operating income inclusive of stock-based compensation expense (“Adjusted OI w/SBC”) margin was 28.8%, compared to 24.7% for the same period last year; Net income per diluted share was $0.22, compared to $0.15 for the same period last year; Adjusted net income per diluted share (“Adjusted EPS”) was $0.31, compared to $0.24 for the same period last
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Schaeffler AG published its interim financial report for the first half of 2024 today. The Schaeffler Group’s revenue for the first six months amounted to 8,276 million euros (prior year: 8,208 million euros). The 2.0 percent constant-currency increase in revenue was primarily attributable to higher volumes at the Vehicle Lifetime Solutions division. The Automotive Technologies division contributed slight growth as well. The trend at the Bearings & Industrial Solutions division had an offsetting impact. Revenue for the second quarter of 2024 rose by 4.2 percent at constant currency to 4,191 million euros (prior year: 4,056 million euros). The 1.5 percent constant-currency growth at the Automotive Technologies division in the first six months was mainly attributable to higher volumes of the E-Mobility business division (BD) in the Europe and Americas regions. The constant-currency rise in revenue of 17.6 percent at the Vehicle Lifetime Solutions division resulted particularly from the impact of volumes
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Trimble Inc. announced financial results for the second quarter of 2024. Second Quarter 2024 Financial Highlights Revenue of $870.8 million, down 12 percent on a year-over-year basis, up 1 percent on an organic basis Annualized recurring revenue ("ARR") was $2.11 billion, up 12 percent year-over-year, up 14 percent on an organic basis GAAP operating income was $61.6 million, 7.1 percent of revenue and non-GAAP operating income was $194.4 million, 22.3 percent of revenue GAAP net income was $1,316.4 million and non-GAAP net income was $151.9 million Diluted earnings per share ("EPS") was $5.34 on a GAAP basis and $0.62 on a non-GAAP basis Adjusted EBITDA was $214.0 million, 24.6 percent of revenue Executive Quote "Strong execution across our business resulted in revenue and EPS above the midpoint of guidance. ARR reached a record $2.11 billion and gross margin also achieved a record level," said Rob Painter, Trimble's president and chief executive officer. "Our second quarter results demonstrate how Trimble's increased level of simplification and focus is delivering technology solutions to enhance customer productivity. We are
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This presentation is part of CIMdata’s educational webinar series. ANN ARBOR, Michigan, USA 6 August 2024—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces an upcoming free webinar, “The Elevation and Expansion of Model-Based Systems Engineering – Initial Findings from Industry Research.” The webinar, the second of two on Model-Based Systems Engineering (MBSE), will take place on Thursday, 12 September 2024, at 11:00 a.m. (EDT) and will last one hour. CIMdata has initiated an industry research project on model-based systems engineering for Aerospace & Defense PLM Action Group (AD PAG) member companies in collaboration with several prominent PLM solution providers. The participants' shared objective is understanding industry needs and opportunities and aligning perspectives on the topic. The desired result is to meaningfully impact the solution providers’ strategies and the industrial users’ implementation roadmaps. This free educational webinar will provide the context for the issues and hypotheses being explored. The
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I’m new to the Chief Marketing Officer role, but I get IT. As the competitive landscape intensifies and technology evolves at an unprecedented pace, the Chief Marketing Officer (CMO) role has become pivotal in shaping an organization's strategic direction. One area where CMOs can exert significant influence is Product Lifecycle Management (PLM), a domain traditionally viewed as the purview of engineering and IT. However, with the growing complexity of product development, supply chain integration, and digital transformation, CMOs must have an in-depth understanding of the intricacies of PLM to be in the strongest position for aligning marketing strategies with overall business objectives. CIMdata's PLM Certificate Program offers a valuable opportunity for CMOs (and their teams) to deepen their PLM expertise and drive meaningful change within their organizations. The Importance of PLM Knowledge for CMOs PLM is no longer a backend process confined to product design and manufacturing. It is a business process that
Published in Education
Markforged, the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced that it will release its financial results for the second quarter ended June 30, 2024, after the market closes on Thursday, August 8, 2024. The Company will host a webcast and conference call at 5:00 PM ET on the same day to discuss the results. Participants may access the earnings press release, related materials, and the audio webcast by visiting the investors section of the Company's website at https://investors.markforged.com/ To participate in the call, please dial 1-877-407-9039 or 1-201-689-8470 ten minutes before the scheduled start. For those unable to listen to the live conference call, a replay will be available on the Company's website and telephonically till Thursday, August 22, 2023, 11:59 PM ET by dialing 1-844-512-2921 or 1-412-317-6671, passcode 13743375. To view the original press release, please click here. Search for Markforged on CIMdata.com
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AVEVA, a global leader in industrial software driving digital transformation and sustainability, announced a strategic partnership with Meridian Energy Group Inc. (Meridian) to develop a digital twin for the first full-conversion refinery built in the U.S. since 1976, and the first modern "greenfield" advanced technology refinery constructed in the U.S. ever. This collaboration marks a significant milestone in advancing technological innovation and environmental stewardship in the refining industry. Meridian has selected CONNECT, AVEVA’s industrial intelligence platform, and a series of EPC 4.0 solutions to create one unified, data-centric approach for the engineering and project execution of their new Davis Refinery. Meridian’s executive team, comprising decades of experience in plant engineering and operations, is the driving force to their adopting innovative technologies that overcome traditional project barriers and disparate systems. With AVEVA’s EPC 4.0 solutions, engineering data is no longer siloed, bringing real-time visibility across the engineering and design stage to procurement
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KFC Western Europe, the quick service restaurant business known for its finger-lickin’ good chicken, is implementing Trace One Product Lifecycle Management (PLM) to build deeper efficiencies and data connectivity to unlock improved brand experiences for customers. KFC selected Trace One over competitors because of Trace One’s dedication to carefully understand its challenges, working closely with the teams at KFC to configure Trace One PLM to effectively support their business needs. With Trace One PLM, KFC gains the ability to unify and connect its copious amounts of data to leverage a product lifecycle management approach. Trace One’s cloud-based tools with baked-in analytics enable KFC to transform the way it manages its product development, packaging and networking processes for global enhancements. By formalizing project and data management processes, KFC will be able to deliver better customer experiences via improved operational efficiencies and reduced error rates. “We’re looking forward to working with KFC to achieve its
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