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
Financial Results
PTC second quarter results don’t fit the old Wall Street metrics
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
PTC Q3 results in a word: Ouch!
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!
Strong AEC results propel Autodesk third quarter
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
Ansys records 10.5% growth in second 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