Total revenue was within previous guidance; the transition to subscription revenue and new revenue streams will take time. CAD and PLM are losing steam. PTC (PTC: NASDAQ) has reported fourth quarter and full year results for fiscal 2015 that were flat to lower than the year-ago comparison in almost all categories. PTC says the […]
Qualcomm announces the sale of its AR subsidiary Vuforia to PTC. Most see this as a move to raise value and placate restive investors who are seeking the breakup of Qualcomm. The acquisition will help PTC build its IoT division.
Designed in PTC Creo, eight 1,000-ton units are cutting through 26 miles of widely varying conditions. For years the Crossrail project has been burrowing tunnels for a new rail line directly under London. More than 26 miles in total have been carved out by gargantuan tunnel boring machines (TBMs), purpose built for Crossrail by German […]
Monstrous gains for Internet of Things doesn’t compensate for lackluster quarter in core businesses. By Randall S. Newton PTC (NASDAQ: PTC) delivered news they would rather have swept under the rug with their third quarter 2015 financial report. It was a down quarter for total revenue, net income, software revenue, earnings per share, and […]
Old PLM systems never die at Airbus; Aras Innovator will connect the past to the future. PLM vendor Aras today announced a strategic partner agreement with Airbus to use the Aras Innovator PLM platform for engineering business processes for up to 30,000 users or more. A key use of Aras Innovator will be in the […]
We tend to think of the Internet of Things as a vast network that is knitting itself together as devices and computers connect to each other. But rather than a conspiracy of connected things; we’re more likely to see different networks of different things and most of them will do us more good than harm. The […]
Its LiveWorx conference on the Internet of Things has 1,000 more attendees than expected. The yottabytes are coming sooner than you think. Today’s factories turn digital prototypes into physical products, says PTC CEO Jim Heppelmann. But what becomes of the virtual model after the real one exists? The physical product never connects back to its […]
Onshape is the latest entrant to the elite club of professional CAD products. A cloud-based tool designed to foster collaboration, Onshape represents a new approach to design. Will the CAD community accept work flows based in the cloud? This team of veterans from SolidWorks and other CAD and high tech pioneers thinks so.