Industry Summary Articles

Cognizant Technology Solutions Corporation today announced its second quarter 2016 financial results. Highlights—Second Quarter 2016 Second quarter revenue of $3.37 billion was up 9.2% from the year-ago period and up 5.2% sequentially. GAAP diluted EPS was $0.41 vs. $0.68 in the year-ago period. Q2 2016 GAAP diluted EPS was negatively impacted by $0.31 per share of incremental taxes…

GRAPHISOFT® has announced the winners in its Grasshopper-ARCHICAD Workflow Competition. The input of users from around the world helped GRAPHISOFT produce a strong solution linking Algorithmic Design with Building Information Modeling. GRAPHISOFT was curious to learn more about how users are applying this tool in their everyday design practice, so…

Tata Consultancy Services announced today that TCS CodeVita 2015, its global coding challenge, has been felicitated by the Limca Book of Records as the largest team programming contest in India. TCS CodeVita is a contest for engineering and science students to experience the joy of coding and to sharpen their…

Siemens has acquired a majority stake (85 percent) in Materials Solutions Ltd., one of the world leaders in Additive Manufacturing (AM) processing and production. The remaining 15 percent will be held by the founder of the company Carl Brancher. Materials Solutions in Worcester is a pioneer in the use of…

Oracle Corporation recognized TekStream Solutions with the Oracle 2016 North America Partner Achievement Award in Digital Experience. This award represents outstanding achievement in driving adoption of Oracle cloud solutions focused on helping organizations deliver next-generation digital experiences with contextual and targeted information to their users and enable employees to access…

Central Innovation and Cadimage Group Limited today announce an agreement in which Central Innovation has acquired 100% of the assets of Cadimage Group and Cadimage UK. This action is intended to advance Central Innovation’s mission to become a leading provider of design and workflow solutions to the Manufacturing and AEC Sectors in…

NEC Corporation and Netcracker Technology today announced that they have provided a virtualized Evolved Packet Core (vEPC) solution via NEC Taiwan Ltd. to the Industrial Technology Research Institute (ITRI), a non-profit research institute working under the Ministry of Economic Affairs in Taiwan. The NEC/Netcracker vEPC solution has a proven global track record of…

IMSI®/Design, the developer of TurboCAD, today announced its latest upgrade to DesignCAD 3D MAX. "New DesignCAD 3D MAX 2016 offers better performance and greatly improved management of blocks, images, and symbols," stated Bob Mayer, President of IMSI/Design. "Plus, the new SketchUp file import and updated AutoCAD® file filters more firmly establishes…

FARO® today announced its financial results for the second quarter and six months ended June 30, 2016. Six months ended June 30, 2016 Sales were $154.3 million for the six months ended June 30, 2016, up 0.4% compared with $153.7 million for the six months ended June 27, 2015.  Excluding the negative impact of foreign exchange rates on sales…

ANSYS, Inc. today announced growth in both revenue and diluted earnings per share for the second quarter of 2016.  In constant currency, the Company reported both GAAP and non-GAAP revenue growth of 4%, with GAAP and non-GAAP earnings per share growth of 15% and 9%, respectively.  Recurring revenue, which is…