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Items filtered by date: July 2024 - CIMdata
Thursday, August 01, 2024

Capgemini H1 2024 results

The Board of Directors of Capgemini SE, chaired by Paul Hermelin, convened yesterday in Paris to review and adopt the accounts[1] of Capgemini Group for the first half of 2024. Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said: “As expected, our growth trajectory started to improve in Q2 and is trending in the right direction in almost all businesses, sectors and regions. The recovery is particularly visible in North America. However, the slope of recovery in the second half will be affected by the recent deterioration of the outlook in the automotive and aerospace sectors and the slower recovery in financial services. In this context, we now expect a low single-digit constant currency exit rate, and target a constant currency growth rate of -0.5% to -1.5% for the full year. Despite this, we confirm our operating margin and free cash flow targets for the full year, demonstrating the resilience of the
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The CENIT Group continues to pursue its growth path also in the second quarter of 2024 and achieved sales revenue of EUR 99,355 k (previous year: EUR 87,470 k/+13.6%). Sales of third-party software increased by 13.4% to EUR 50,771 k (prior year: EUR 44,754 k). Sales of CENIT's own software increased significantly from EUR 7,637 k to EUR 9,291 k (+21.7%). Sales revenues in the CENIT consulting and services segment increased by 12.0% to EUR 39,210 k (previous year: EUR 35,008 k). Gross profit (operating performance less cost of materials) amounted to EUR 57,464 k (previous year: EUR 52,770 k) and thus increased by 8.9%. CENIT achieved EBITDA of EUR 5,796 k (previous year: EUR 5,746 k/+0.9%) and EBIT of EUR 2,006 k (previous year: EUR 2,620 k/-23.4%), which was mainly due to acquisition costs and higher depreciation and amortization in relation to company acquisitions. Earnings per share amounted to Cent
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Revenue of $38.9 million compared to $53.3 million for the same period a year ago Q2 net loss of $(103.4) million, impacted by one-time noncash charges related to accelerated amortization and depreciation on certain intangible and fixed assets Adjusted EBITDA of $(13.2) million, an improvement from $(15) million from Q2 2023 Quarterly GAAP operating expenses increased to $69.1 million due to accelerated amortization and depreciation from discontinued operations. Ongoing cost reductions delivered non-GAAP operating expenses of $27 million, a 22% year-over-year improvement Services revenue in support of current and prospective customers increased 27% to $7.5 million, up from $5.9 million a year ago. Announced definitive merger agreement for a proposed business combination with Nano Dimension Desktop Metal, Inc., a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the second quarter ended June 30, 2024. “Since the beginning of 2022, Desktop Metal has worked tirelessly to align our cost structure
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Honeywell announced results for the second quarter that met or exceeded the company's guidance. The company also updated its full-year sales, segment margin2, adjusted earnings per share2,3, and cash flow guidance ranges. The company reported second-quarter year-over-year sales growth of 5% and organic1 sales growth of 4%, led by double digit organic1 sales growth in defense and space, commercial aviation, and building solutions. Operating income grew 5% and operating margin expanded 10 basis points to 20.7%, while segment profit1 grew 4% led by Aerospace Technologies. Segment margin1 contraction of 10 basis points was above the midpoint of our guidance range. Earnings per share for the second quarter was $2.36, up 6% year over year, and adjusted earnings per share1 was $2.49, up 8% year over year, above the high end of our guidance range. Operating cash flow was $1.4 billion and free cash flow1 was $1.1 billion, approximately flat year over year. "Honeywell delivered a strong second quarter, once again meeting or exceeding guidance across
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Thursday, August 01, 2024

IBM RELEASES SECOND-QUARTER RESULTS

IBM announced second-quarter 2024 earnings results. "We had a strong second quarter, exceeding our expectations, driven by growth in both revenue and free cash flow. We continue to see that clients turn to IBM for our technology and our expertise in enterprise AI, and our book of business for generative AI has grown to more than two billion dollars since the launch of watsonx one year ago," said Arvind Krishna, IBM chairman and chief executive officer. "Given our first-half results, we are raising our full-year view of free cash flow, which we now expect to be more than $12 billion."  Second-Quarter Highlights Revenue - Revenue of $15.8 billion, up 2 percent, up 4 percent at constant currency - Software revenue up 7 percent, up 8 percent at constant currency - Consulting revenue down 1 percent, up 2 percent at constant currency - Infrastructure revenue up 1 percent, up 3 percent at constant currency Profit Margin - Gross Profit
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Informatica, a leader in enterprise AI-powered cloud data management, announced financial results for its second quarter 2024, ended June 30, 2024. "We are very pleased with the continued customer momentum and consistent execution from our cloud-only, consumption-driven strategy, enabling us to beat and raise our Cloud Subscription ARR, Subscription ARR and bottom-line profitability outlook,” said Amit Walia, Chief Executive Officer at Informatica. “CLAIRE GPT, now generally available in North America, along with our best-of-breed IDMC platform capabilities, solidifies Informatica’s position as the leader in enterprise AI-powered cloud data management with AI and Generative AI capabilities for modern enterprises.” Second Quarter 2024 Financial Highlights: GAAP Total Revenues increased 6.6% year-over-year to $400.6 million. Total revenues included a negative impact of approximately $1.6 million from foreign currency exchange rates (FX) year-over-year. Adjusted for FX, total revenues increased 7.0% year-over-year. GAAP Subscription Revenues increased 16% year-over-year to $264.3 million. GAAP Cloud Subscription Revenue increased 35% year-over-year to
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PROS Holdings, Inc., a leading provider of AI-powered SaaS pricing, CPQ, revenue management, and digital offer marketing solutions, announced financial results for the second quarter ended June 30, 2024. “We delivered a solid second quarter where we exceeded the high-end of our guidance ranges across all metrics,” stated CEO Andres Reiner . “I am proud of our team for building the market-leading profit and revenue optimization platform which drives immense value for our customers, powering 4.1 trillion transactions a year, while delivering to our long-term goal of 80% non-GAAP subscription gross margin.” Second Quarter 2024 Financial Highlights Key financial results for the second quarter 2024 are shown below. Throughout this press release all dollar figures are in millions, except net (loss) earnings per share. Unless otherwise noted, all results are on a reported basis and are compared with the prior-year period.   GAAP   Non-GAAP   Q2 2024   Q2 2023   Change   Q2 2024   Q2 2023   Change Revenue:                       Total Revenue $82.0   $75.8   8%   n/a   n/a   n/a Subscription Revenue $65.6   $57.3   14%   n/a   n/a   n/a Subscription and Maintenance Revenue $69.0   $62.4   11%   n/a   n/a   n/a Profitability:                       Gross Profit $53.2   $47.2   13%   $55.3   $49.4   12% Operating (Loss) Income $(7.2)   $(13.4)   $6.2   $4.4   $(1.0)   $5.3 Net (Loss) Income $(7.4)   $(13.3)   $5.9   $3.3   $(0.3)   $3.6 Net
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Thursday, August 01, 2024

SAP Announces Q2 2024 Results

SAP SE announced its financial results for the second quarter ended June 30, 2024. Current cloud backlog of €14.8 billion, up 28%, both at nominal and constant currencies Cloud revenue up 25%, underpinned by 33% Cloud ERP Suite revenue growth, all at nominal and constant currencies Total revenue up 10%, both at nominal and constant currencies IFRS cloud gross profit up 29%, non-IFRS cloud gross profit up 28% and up 29% at constant currencies IFRS operating profit down 11% due to restructuring expenses of €0.6 billion. Non-IFRS operating profit up 33% and up 35% at constant currencies 2024 financial outlook reiterated. 2025 operating profit ambition increased to reflect anticipated incremental efficiency gains from expanded transformation program “Our cloud growth momentum remained strong in Q2, with Business AI enabling many deals. We continue to execute on our transformation with great discipline, leading to an increase in our operating profit ambition for 2025. At the same time, we continue
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With CONTACT Elements, companies can determine the environmental footprint of their products early in the development phase. Calculating the Product Carbon Footprint helps them make sustainable decisions in development and production. Guidelines such as the Corporate Sustainability Reporting Directive (CSRD) require companies to act resource-efficiently and provide proof of their actions. The Product Carbon Footprint (PCF) is a crucial first step for lifecycle assessment and reducing industrial CO2 emissions (Corporate Carbon Footprint). CONTACT Software's solution for its PLM system CIM Database helps calculate and document environmental data during the design phase. It is based on guidelines such as ISO 14067 for PCF and the Greenhouse Gas (GHG) Protocol. 80 percent of manufacturing and environmental costs are already determined during development. CONTACT Elements allows companies to assess the PCF in the early design stages. “Companies need to be able to develop verifiably sustainable products,” says Patrick Müller, Director Innovation Strategy at CONTACT Software. “We support Design for Sustainability
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ZWSOFT is proud to announce the integration of 3Dconnexion® devices with ZWCAD. This collaboration aims to offer users a more efficient and comfortable design experience in both 2D and 3D environments. 3Dconnexion is renowned for its robust and ergonomic input devices that seamlessly integrate with CAD applications, accelerating workflows and enhancing comfort for architects, engineers, and designers. From SpaceMouse® and CadMouse, to Keyboard Pro* and Numpad, 3Dconnexion products enhance productivity with intuitive navigation, precise control, and customizable features. With the SpaceMouse, for example, users can increase productivity by up to 28% and reduce finger movements by 28.6%.  SpaceMouse: Quick and Easy Navigation SpaceMouse is an ergonomic 3D mouse specifically designed for professionals working in CAD and 3D modeling applications. It enables users to view and refine their drawings and models from any perspective without interruptions, by simultaneously panning, zooming or rotating while executing commands. Key features include: Analyze and inspect your project’s details through intuitive
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