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Highlights: Q2 revenue of $228.3M, up 13% from year-ago quarter, 4% sequentially Q2 EPS of $1.41 per diluted share, up 24% from year-ago quarter, 2% sequentially Q2 cash & short term investments of $769.8M Global Headcount of 24,122 on June 30, 2014, up 5% versus prior year Syntel, Inc. announced financial results for the second quarter, ended June 30, 2014. Second Quarter Financial Highlights Syntel's revenue for the second quarter increased 13 percent to $228.3 million, compared to $202.5 million in the prior-year period, and increased four percent sequentially from $219.5 million in the first quarter of 2014. During the second quarter, Banking and Financial Services accounted for 49 percent of total revenue, with Healthcare and Life Sciences at 17 percent, Retail, Logistics and Telecom at 16 percent, Insurance at 15 percent and Manufacturing at three percent. The Company's gross margin was 39.2 percent in the second quarter, compared to 41.3 percent in the prior-year period and 43.7

PaperFree Corporation today announced that it has been selected to join the EMC Information Intelligence Group Consulting Preferred Partner Program (C3P). C3P is a new EMC program that consists of a small group of elite, “go to” partners who will work in conjunction with the IIG Consulting team to drive customer success. C3P partners, like PaperFree Corporation, have been selected based on their certified, highly-skilled consultants and proven track record of meeting customer requirements with Documentum-based technology. PaperFree Corporation is a longtime partner of EMC focusing primarily on information capture and management. Considered among those in the industry to be the leading experts in EMC’s Captiva and Documentum product lines, PaperFree regularly provides customers with new and innovative means to capture and manage business critical information throughout the enterprise. In joining C3P, PaperFree Corporation can work with EMC’s IIG Consulting and Partner teams on joint selling opportunities and customer engagements. PaperFree Corporation

Altair announced its intent to acquire Visual Solutions, Inc., makers of VisSim, a visual language for mathematical modeling, simulation, and model-based embedded system development used by scientists and engineers around the world. The transaction is expected to close by the end of July. "Product innovation is increasingly driven by embedded systems, prompting higher demand for powerful development and testing tools," said Michael Hoffmann, Senior Vice President, Math and Systems at Altair. "Visual Solutions has been at the forefront of this domain for over twenty years. Altair is in the business of helping customers drive innovation by the use of computer-aided engineering in the product development process. A move to expand our portfolio in the direction of embedded systems is a logical extension of the company's commitment to simulation-driven design." "Partnering with Altair will bring current and future VisSim users many benefits, including integration with a world-class engineering organization and software portfolio," noted

EdgeAX, a unit of Visionet Systems, Inc., has announced compatibility of its EdgeAX Apparel and Retail industry solution with the latest release of AX 2012 R3. EdgeAX solution provides extensive Product Life Cycle Management (PLM), Supply Chain Management (SCM) and Retail Business Intelligence (RBI) capabilities. Dynamics AX 2012 R3 offers significant enhancements in general ledger, inventory and warehouse management, master planning, procurement and sourcing, production control and retail modules. Moreover, added features of Windows 8 Tablet Point of Sales (POS) and Mobile POS for Windows Phone 8 have been provided in the retail module. Alongside, improved warehouse management provides inventory control through 360 inventory visibility. With its unique and state-of-the-art components, EdgeAX solution is designed to be pre-integrated and embedded in Dynamics AX 2012 platform for rapid implementation and fast return on investment. This enables EdgeAX customers to improve their business performance through enabling enhanced collaboration (both internal and external) for facilitating

Lectra, a leader in integrated technology solutions dedicated to industries using soft materials—fabrics, leather, technical textiles and composite materials—is pleased to announce that Bosideng has adopted a Lectra cutting room offer, including the acquisition of a Lectra Vector® cutter. The deal brings an improvement to Bosideng’s pre-production operations, in terms of efficiency and cut-quality, in order to prepare for high-growth. The top Chinese menswear brand, with revenues of $1.6 billion in 2013, draws on 22 years of experience to produce and retail clothing with an East meets West design aesthetic, a blend of British tailoring and Chinese sensibility. Bosideng aims to become one of the first Chinese menswear brands to dominate the international market. With 13,000 points of sale in China, Bosideng has ambitious plans for international expansion: they opened a flagship store in London in 2012, participated in New York fashion week earlier this year and plan to open stores

SAP SE announced the launch of SMB Solutions Group, a new division solely focused on the specific needs of small and medium businesses (SMBs) with up to 500 employees. While SAP has already been highly successful in this market, which represents nearly half of the world’s GDP*, the new division is dedicated to meet the ever-increasing technology demands of smaller companies. Following SAP’s mantra of making business simpler, the SMB Solutions Group will become the main entry point for those SAP customers and partners globally. With this customer-centric approach, the group will develop the single focus and dedicated approach necessary to help its customers and partners run simple. The new division will be headed up by Dean Mansfield, who will have full responsibility for its end-to-end operations. Mansfield will execute on a board strategy to redefine the SMB business solutions market by creating the next generation of simplified, integrated business applications

CD-adapco™ today announced the release of v4.22 of STAR-CD® and es-ice™ IC Engine simulation software. The v4.22 release provides extensive refinements to existing physics models and pre-processing developments to deliver rapid and more accurate in-cylinder simulation. es-ice has been enhanced with an automatic meshing capability for full cylinder models. Geometries can now be easily meshed with a minimum of inputs using one simple panel. Additional engine specific results, case details, and simulation settings have been added to the summary report and it is now possible to export an Excel workbook of the complete simulation post results. Automation has been further improved with the addition of several embedded Excel driven scripts. The complete sector simulation process and results animation and plotting processes can now be driven via Excel input and are available directly from within es-ice. Additionally, a full model can now be reflected from a trimmed half model to ensure perfect symmetry

ESI Group announces that Expliseat has obtained certification for their revolutionary Titanium aircraft seat; developed with the help of ESI's Virtual Seat Solution. French company Expliseat thereby releases the lightest seat ever certified by the European Aviation Safety Agency (EASA). The Titanium seat was developed in record time thanks to a highly innovative design and manufacturing process. Expliseat used ESI's Virtual Seat Solution to develop and test fully virtual seat prototypes; easily conducting many iterations without the need to build numerous (and costly) real prototypes. "Virtual Prototyping empowers SMEs to shorten the pre-industrial phase of their new products - and to do so with minimum initial investment," explains Fouad El-Khaldi, Industry Strategy & Innovation General Manager, ESI Group. Virtual Seat Solution is a dedicated software solution for seat design, manufacturing and performance that takes into account the physical behavior of materials and enables virtual pre-certification of a seat before final testing of the real seat. Thanks to Virtual Seat Solution, Expliseat was able to develop and test newly

SAP SE today announced its financial results for the second quarter and first half ended June 30, 2014. BUSINESS HIGHLIGHTS IN THE SECOND QUARTER 2014 SAP again delivered strong growth in the cloud and a solid performance in its core business. With non-IFRS cloud subscriptions and support revenue increasing 39% at constant currencies (32% at actual currencies) SAP is the fastest growing enterprise cloud company at scale. Non-IFRS software and software-related service revenue grew 8% at constant currencies (4% at actual currencies). At the Company’s user conference SAPPHIRE NOW in May, SAP launched the “Run simple” strategy with cloud and SAP HANA at its core to simplify the business experience and consumption for its customers. SAP HANA is radically simplifying the technology stack. Cloud is radically simplifying the consumption of SAP solutions. As a first example for “Run simple” the Company has included the SAP Fiori user experience within underlying licenses of SAP software. “We

The HP board of directors has declared a regular cash dividend of $0.16 per share on the company's common stock. The dividend, the fourth in HP's fiscal year 2014, is payable on Oct. 1, 2014, to stockholders of record as of the close of business on Sept. 10, 2014. HP has approximately 1.9 billion shares of common stock outstanding.