Net income was up 111% from a year earlier. Cash on hand is back in its normal range. PTC (Nasdaq: PMTC) saw sales of its desktop products (including the former Pro/Engineer) spike by 40% in second quarter results posted today. Revenue for the quarter, ending April 2, 2011, was in line with previous guidance at $269.2 million. Net income for the quarter was $19 million, up … [Read more...] about PTC desktop revenue up 40% in second quarter
Pro/ENGINEER
General Dynamics pursues the digital thread
The world's fifth-largest defense contractor is always pushing for manufacturing innovations. GD's Dean Bartles sees the digital thread as the next wave for improving interoperability and operational efficiency. Second in a series As we have reported before, a new slant on interoperability and collaboration is gaining ground in aerospace and defense (A&D) manufacturing, … [Read more...] about General Dynamics pursues the digital thread
PTC extends mechatronic reach with MKS acquisition
Managing embedded software as part of product development continues to be a major trend in PLM. When John Deere became PTC's first customer in 1988, nobody was putting software inside products. Today PTC estimates that two-thirds of its customers are developing products that include a software component. With that evolution in product development in mind, PTC today announced … [Read more...] about PTC extends mechatronic reach with MKS acquisition
PTC provides names for new Creo apps
Last October when PTC announced plans for the Creo line, replacing Pro/Engineer and other CAD tools, it only hinted at what the replacement products would be named. PTC this morning released a list of names for the first new apps coming to market later this year under the Creo banner. Creo is the over-arching brand name for PTC's design tools, replacing Pro/Engineer, … [Read more...] about PTC provides names for new Creo apps
Aston Martin Racing chooses PTC
The busy racing firm will use both Creo Elements/Pro and Windchill as it develops a next-generation Le Mans prototype chassis. Aston Martin Racing has selected and implemented PTC's Creo Elements/Pro (formerly Pro/Engineer) and Windchill PLM for product development. PTC says Aston Martin Racing went through an “extensive” benchmark process before choosing PTC … [Read more...] about Aston Martin Racing chooses PTC
PTC YouTube channel answers Creo questions
Got questions about Creo? PTC's Mike Campbell has answers. PTC has posted a set of short videos to YouTube with answers to common questions about the upcoming release of Creo, the set of design apps that will replace Pro/Engineer and CoCreate. All five videos are short statements (less than 90 seconds) from Mike Campbell, PTC's VP for Creo Product Development. The … [Read more...] about PTC YouTube channel answers Creo questions
PTC’s upturn continues
New product sales rose dramatically but the company took a net loss of $13.4 million in the quarter due to tax issues involved with income repatriation, and a lawsuit settlement in Japan. By L. Stephen Wolfe, P.E. Contributing Analyst The sales rebound at Parametric Technology Corporation (NASDAQ: PMTC) continued in the fourth quarter of fiscal 2010, ending September 30, … [Read more...] about PTC’s upturn continues
2001: RAND Worldwide Overview
From the April 2001 edition of Engineering Automation Report, engineering business analyst Evan Yares takes a close look at RAND Worldwide. By Evan Yares Some companies are hard to pigeonhole. Take RAND Worldwide. The company’s roots go back to the days of time-sharing services, where engineers would pay to get dial-up access to analysis programs. Later, it became a … [Read more...] about 2001: RAND Worldwide Overview
PTC License Revenue Up 54% in Second Quarter
Total revenue was up 7% from last year; more proof of a manufacturing sector recovery. The SharePoint-based PDM offering is gaining momentum. We think PTC has put primping for a suitor into high gear. PTC (NASDAQ: PTMC) turned in a good second quarter, with consistent evidence that an economic rebound has started, at least in manufacturing. Revenue in the quarter (ending March … [Read more...] about PTC License Revenue Up 54% in Second Quarter
Comet Solutions Tightens Its Grip on the Future
The vendor of an innovative product for concept modeling and early stage design simulation has new venture capital funding, a new sales office, and a new release of the flagship product. Comet Solutions, the maker of software for concept modeling and early-stage design simulation, has tightened its grip on the future with a recent round of venture capital funding, a corporate … [Read more...] about Comet Solutions Tightens Its Grip on the Future