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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 associated with a one-time remittance of cash from India to the U.S. Non-GAAP diluted EPS1 was $0.87, up from $0.79 in the year-ago period. Net headcount addition for the quarter was approximately 11,300. Revenue for the second quarter of 2016 was $3.37 billion, up 9.2% from $3.09 billion in the second quarter of 2015. GAAP net income was $252.4 million, or$0.41 per diluted share, compared to $420.1 million, or $0.68 per diluted share, in the second quarter of 2015. Non-GAAP diluted EPS1 was $0.87 compared to $0.79 in the second quarter of 2015. GAAP operating margin for the quarter was 17.5%. Non-GAAP operating margin1 for the quarter was 20.3%, slightly higher than the Company's target range of 19-20%. In May 2016, our principal operating subsidiary in India repurchased

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 invited them to put the Grasshopper-ARCHICAD connection tool to the test with innovative workflows that integrate Algorithmic Design with BIM. GRAPHISOFT’s ‘Algorithmic Design Meets BIM’ Competition inspired outstanding designs from around the world. Competition participants were invited to submit their work developed with the combination of Rhino-Grasshopper-ARCHICAD tools and their relevant extensions. Entries were judged according to three main criteria: Practicality – how the solution increases efficiency in the design workflow; Inventiveness – originality in the use of the toolset; BIM integration – the level of BIM methodology achieved. The jury was made up of GRAPHISOFT’s Grasshopper-ARCHICAD Live Connection team. Competitors entered for a chance to win a 9.7”

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 programming skills through real-life computing practices. TCS promotes the culture of programming-as-a-sport and aims at identifying talent, besides providing the student community, an opportunity to earn peer recognition. TCS is adopting Gamification in hiring i.e. leveraging game design elements in a non-game context, where candidates need to don their best thinking caps to crack the code. Breaking the general rule on hiring, Gamification is the new trend in engagement that is not only aiding in hiring but also in engaging and motivating employees. CodeVita Season IV witnessed registrations from 198,000 students. More than 45,000 teams competed against each other in

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 Selective Laser Melting (SLM) technology for the manufacture of high-performance metal parts. A specialty of the company is making turbomachinery parts, particularly high temperature applications for gas turbines where accuracy, surface finish and the highest quality of the materials is critical to ensure operational performance of the parts in service. In August 2015, Siemens Venture Capital acquired a minority stake (14 percent) in the company that currently employs more than 20 highly qualified engineers. Financial details of the deal were not disclosed. "With the acquisition of Materials Solutions, we are able to secure world-leading expertise in materials and AM process

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 information and applications through intuitive portals, composite applications, and mash-ups. "One of the reasons TekStream's revenue has grown the way it has is because we've strategically increased our investment in Oracle on-premises and specifically their Cloud platform," stated Judd Robins, Executive Vice President of Sales and Marketing. "We're excited about continued growth in the coming years as Oracles Cloud solutions rapidly become more widely leveraged," he added. Over the past few years, Oracle has been making a shift to cloud based technologies. With the introduction of Platform as a Service (PaaS) and Infrastructure as a Service (IaaS), TekStream has developed strategies

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 Australia and New Zealand. The acquisition combines the strengths of both organisations to create a comprehensive suite of OPEN BIM solutions in Australia and New Zealand. The range of solutions includes Best of Breed software including ARCHICAD, DDS-CAD and Solibri of which Central Innovation is the exclusive distributor across Australia and New Zealand. CEO of Central Innovation, Max Piper, said, "with the joining of Central Innovation and Cadimage we can leverage the strengths of both teams to create complete solutions for customers across the AEC market in Australia and New Zealand." "Cadimage Group has over 27 years in New Zealand

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 virtualizing network functions, such as the Mobility Management Entity (MME) that accommodates LTE handset authentication and handover controls, and the Serving Gateway (S-GW)/PDN Gateway (P-GW) for audio and packet processing, and enables them to run on a general-purpose IA server. The vEPC was adopted by ITRI for an experimental network established for the Small Cell LTE Plugfest compatibility testing event. Ten Taiwanese small-cell LTE base station manufacturers participated in this event, seeking to verify functions for their base stations, enhance the competiveness of their systems and explore new business opportunities.  “We are very pleased to have recently hosted a successful

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 DesignCAD as a great companion design product," added Mayer. DesignCAD 3D MAX 2016 new and improved features include: New SketchUp Import -- Now users can both import and export drawings to/from the .SKP format for use with SketchUp version 3.0 to 2015. New Insert Manager -- Quickly review and manage all blocks, symbols, and image files referenced or embedded in a drawing. Get a visual list of all blocks present in a drawing and easily access and edit block information more quickly and easily than ever before. Do the same with images and symbols. New Custom Properties -- Add custom properties to drawings and to drawing

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 of $0.9 million, sales for the first six months of 2016 would have increased approximately 1% compared with the same prior year period.  Our year-to-date 2016 sales increase is mostly related to year-over-year growth in service revenue and metrology product sales offset partly by lower 3D documentation sales.  New order bookings for the six months ended June 30, 2016 were $155.1 million, up 1.4% compared with $152.9 million for the six months ended June 27, 2015. Gross margin was 56.1%, up 1.4 percentage points compared with 54.7% in the prior year period mostly due to higher average selling prices and favorable sales mix. Operating income was $8.8 million, up 21.3% compared

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 comprised of lease license and annual maintenance revenue, totaled 74% of revenue for the second quarter.  “Q2 was a very solid quarter for ANSYS on many fronts, including revenues in the upper half of our guidance range, and earnings above the high end of our range, even in light of the ongoing evolution to time-based licenses, cloud and enterprise agreements.  We are encouraged by the continued progress that we are making in our sales growth initiatives across our major markets, as demonstrated by the improved performance in our business in Germany and Asia-Pacific, as well as ongoing improvements in our channel partner performance.