Consolidation in engineering simulation and analysis continues. Engineering simulation software vendor Altair has acquired Modeliis, a supplier of electronic design automation software for circuit modeling, system design and simulation tools. Altair says the Grenoble, France company has “strong expertise in digital and analog domains,” making their software suitable for … [Read more...] about Altair Acquires Modeliis to enhance IoT, hybrid simulations
Customers switching to subscriptions at a faster rate than predicted means lots of revenue that can’t be booked in the current quarter. A stronger than expected move among customers to subscription accounts was good news for PTC in the long run, but the surge meant the company ended its fiscal year with a net loss for the quarter. For the fourth quarter of PTC’s Fiscal … [Read more...] about Too much of a good thing ends PTC year on a loss
The PTC pivot into an Internet of Things business is part of a larger redefinition of manufacturing. Today at the PTC LiveWorx 2016 conference, CEO James Heppelmann ended his presentation by introducing a new logo to represent the company. As shown here, the new logo combines the company name (they stopped being “Parametrics Technology Corporation” years ago) with a stylized … [Read more...] about What’s in a logo?
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
In the first quarter of fiscal 2016 PTC is posting a net loss due to restructuring costs. The silver lining is the rise in subscriptions. By Randall S. Newton When a software company is in transition from selling perpetual licenses to selling subscriptions, there is a period when revenue lags; license sales decline and subscription sign-ups increase (they hope). PTC is … [Read more...] about Another “if only” quarter for PTC