Transition to subscriptions is going well, but the short-term revenue hit remains strong. Autodesk (ADSK: NASDAQ) has reported first quarter results for fiscal 2017 that are in line with its long-term forecast for moving revenue from product purchases to subscriptions. During this transition, quarterly revenue is impacted because more revenue is recognized over the course … [Read more...] about Autodesk Q1 revenue down, as expected
Software subscriptions are rising briskly, but that means a short-term hit in revenue. PTC CEO James Heppelmann told Wall Street what he thought was great news; new booking of software subscriptions in the second quarter of 2016 were above the high-end of previously issued guidance. This is great for the long-term future of PTC, but Wall Street is more interested in the short … [Read more...] about PTC second quarter results don’t fit the old Wall Street metrics
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 all categories of software except … [Read more...] about PTC Q3 results in a word: Ouch!
Revenue was $618 million, up 11% but net income dropped 81% on increased spending. Autodesk today reported a strong third quarter, led by a 17% increase in revenue from the AEC business segment. Deferred revenue topped $1 billion for the first time, and total billings rose 25% from a year ago. For the third time this fiscal year, Autodesk has raised its guidance for … [Read more...] about Strong AEC results propel Autodesk third quarter
The leader in engineering simulation bought back 988,000 shares of its stock during the quarter. Revenue guidance for the year is increased. Ansys (Nasdaq: ANSS) today reports revenue growth of 10.5% in the second quarter, compared with a year earlier. Net income increased by 11%. In constant currency, second quarter revenue growth was in double digits in … [Read more...] about Ansys records 10.5% growth in second quarter