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Items filtered by date: July 2024 - CIMdata
Razorleaf Corporation, a leading PLM and MES consulting and systems integrator, has formed a partnership with Tech Soft 3D, the leading provider of engineering software development toolkits for digital design and collaboration. Razorleaf is now a preferred integration service provider of HOOPS Exchange, HOOPS Visualize, HOOPS Communicator and HOOPS Publish from Tech Soft 3D. The partnership marries the advanced developmental capabilities of Tech Soft 3D for CAD data translation, visualization, and improved workflows with Razorleaf’s ability to bridge the domains of PLM and ERP, MES, and CRM. “Customers and independent software vendors alike are discovering the critical role integration plays in creating a cohesive environment that enhances collaboration, efficiency, and accuracy throughout the product lifecycle,” says Tim Noce, Vice President of Products at Razorleaf. “The advent and rapid growth of AI has only increased the importance of ensuring integrity of the data that is being utilized to drive design, manufacturing, and business decisions.” Much the same way Tech Soft 3D’s
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RedTeam, a leading provider of construction management software solutions, is pleased to announce the appointment of Craig Tate as its new Chief Executive Officer, effective July 22nd. Tate has more than three decades of executive leadership experience in the enterprise software industry and a proven track record of driving growth and innovation. “RedTeam’s Board of Directors and I are excited to welcome Craig Tate as our new CEO.” said Michael Wright, Founder and Chief Strategy Officer of RedTeam. “His extensive expertise in construction technology and SaaS, including key leadership roles at prominent, high-growth technology companies in our commercial construction marketspace, make him an ideal fit to lead us forward.” Tate succeeds Jim Atkinson who has made the difficult decision to step down as CEO to address pressing personal matters that require his full attention. “As I turn my focus to my personal matters, I am confident that Craig will build upon the successes we have
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AMETEK, Inc. announced its financial results for the second quarter ended June 30, 2024. AMETEK's second quarter 2024 sales were $1.73 billion, a 5% increase over the second quarter of 2023. Operating income increased 7% to a record $447.5 million and operating margins were 25.8%, up 40 basis points from the second quarter of 2023. Operating cash flow in the quarter was $381.4 million, up 14% versus the prior year. On a GAAP basis, second quarter earnings per diluted share were $1.45. Adjusted earnings in the quarter were $1.66 per diluted share, up 6% from the second quarter of 2023. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization of $0.21 per diluted share. A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website. "Our operating performance in the second quarter was strong with outstanding core margin expansion, record operating income and EBITDA, and earnings growth ahead of our expectations," commented David
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ANSYS, Inc. reported second quarter 2024 revenue of $594.1 million, an increase of 20% and 22% in reported and constant currency, respectively, when compared to the second quarter of 2023. For the second quarter of 2024, the Company reported diluted earnings per share of $1.48 and $2.50 on a GAAP and non-GAAP basis, respectively, compared to $0.80 and $1.60 on a GAAP and non-GAAP basis, respectively, for the second quarter of 2023. Additionally, the Company reported second quarter ACV growth of 7% in reported currency, or 9% in constant currency, when compared to the second quarter of 2023. We continue to expect double-digit ACV and revenue growth in the second half of the year, and expect FY 2024 ACV to grow double-digit. On January 15, 2024, the Company entered into a definitive agreement with Synopsys, Inc. (Synopsys) under which Synopsys will acquire Ansys. The transaction is anticipated to close in the first half of 2025, subject to the receipt of required regulatory approvals
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Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its H1 2024 results. Jean Pierre Mustier, Atos Chairman of the Board of Directors and Chief Executive Officer, declared: “The opening of an accelerated safeguard proceedings by the Commercial Court is an important step in Atos’ financial restructuring process. We now have an agreement with our financial creditors that provides ample liquidity to run the Company and establishes strong foundations for the company’s future. This is the start of a new period of recovery and development for the Group, with reinforced focus on serving our customers through innovation and high-quality of service. Our revenue and operating margin for the semester are in line with the business plan presented on April 29, despite soft market conditions in some of our key geographies. We are investing for our future and our free cash flow reflects increased investments for customers and
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Autodesk, Inc. announced it will share its second quarter fiscal 2025 financial results conference call via its website on Thursday, August 29, 2024, at 2 p.m. Pacific Time. Join the live webcast call here: autodesk.com/investors. An audio replay of the webcast will be available after 5 p.m. PT at autodesk.com/investors. More information will be available on autodesk.com/investors. To view the original press release, please click here. Search for Autodesk on CIMdata.com
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“Thanks to the outstanding efforts of our employees around the world, we delivered a strong operational and financial performance in the first half of the year, giving us confidence to increase our year-end guidance across all our key metrics. Working closely with our customers, we have maintained momentum on key strategic activities, including AUKUS and the Global Combat Air Programme. We also continued evolving our technology portfolio through strategic acquisitions and the ongoing integration of our new Space & Mission Systems business. Our order intake shows that demand for our products and services remains high and we are well positioned for sustained growth in the coming years. We will keep investing in new technologies, facilities and our people so that we can deliver on our record order backlog and help our government customers stay ahead in an uncertain world.”Charles Woodburn, Chief Executive Financial performance measures as defined by the Group 1   Six months ended 30
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Procore Technologies, Inc., the leading global provider of construction management software, announced financial results for the second quarter ended June 30, 2024. “We are in the early innings of transforming one of the largest and least digitized industries in the world,” said Tooey Courtemanche, Founder, President, and CEO of Procore. “I am excited about the future of Procore as we embark on the next phase of our journey by connecting everyone in construction on a global platform.” “We delivered a record operating margin in Q2 as we continue to demonstrate improved operating leverage in the business,” said Howard Fu, CFO of Procore. “Our financial model gives us the flexibility to accelerate our investment in go-to-market and capture the long-term growth opportunity ahead.” Second Quarter 2024 Financial Highlights: Revenue was $284 million, an increase of 24% year-over-year. GAAP gross margin was 83% and non-GAAP gross margin was 87%. GAAP operating margin was (5%) and non-GAAP operating margin
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PTC reported financial results for its third fiscal quarter ended June 30, 2024. “In our third fiscal quarter, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique product portfolio to help product companies accelerate time to market and manage increasing complexity. It’s an exciting time because our products are at the epicenter of driving business transformation at our customers. We are strengthening our ability to scale our business by continuing to align our resources with our five focus areas,” said Neil Barua, CEO, PTC. Fiscal 2024 and Q4’24 Guidance “In a selling environment that continued to be challenging, our Q3’24 ARR grew 10% year over year, and constant currency ARR grew 12% year over year, driven by our differentiated product portfolio, the resilience of our subscription business model, operational discipline, and
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Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, and Altium Limited (“Altium”), a global leader in electronics design systems, announced the successful completion of the acquisition of Altium by Renesas. The definitive agreement to acquire Altium was announced on February 15, 2024.  The combination sets the foundation for Renesas and Altium to create an innovative electronics system design and lifecycle management platform. The platform will deliver integration and standardization of various electronic design data and functions and enhanced component lifecycle management, while enabling seamless digital iteration of design processes to increase overall productivity. This brings significantly faster innovation and lowers barriers to entry for system designers by reducing development resources and inefficiencies.  "This is a historical milestone for both Renesas and Altium as we take another important step forward in bringing enhanced user experience for electronics system designers,” said Hidetoshi Shibata, CEO of Renesas. “The integrated and open electronics system design and lifecycle
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