Boeing signs a new long-term deal worth $1 billion to expand its use of Dassault software. Dassault Systèmes (Paris:DSY) reported a positive second quarter, with all results at or exceeding predictions. Software revenue was up 7% while new license revenues were up 8%. Total revenue for the quarter was €806.4 million, up 6% in constant currencies from a year ago. During the … [Read more...] about SolidWorks drives strong second quarter for Dassault Systemès
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Too much of a good thing ends PTC year on a loss
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
Dassault Systemès reports 9% revenue growth in third quarter
Net income was up 7%; no specific trends marked the quarter. [Editor’s Note: Unless noted, all Euro amounts are in constant currencies, a way of accounting for variations in currency values over time when making revenue comparisons.] Dassault Systemès (OTCMKTS: DASTY) reported a comfortable third quarter, with total revenue up 9% from a year ago. Strong results in Asia … [Read more...] about Dassault Systemès reports 9% revenue growth in third quarter
Autodesk reports “terrific” second quarter
Sees increase in subscriptions and uptake in suites. Autodesk reported revenue of $551 million for the quarter ending in July ’16 (second quarter of fiscal 2017), which represents 10% decline year over year. New model subscription revenue increased 82% year over year to $371 million. Net loss was $98.2 million, which is an improvement year over year; the company reported a … [Read more...] about Autodesk reports “terrific” second quarter
Ansys Q1 new reality: slower, more steady growth
Net income is up 16% on 4% growth. A $10 million sale was booked in the quarter. For years Ansys (ANSS: Nasdaq) has been the high-growth stock in the engineering software industry. But as the industry matures, even a high-flyer like Ansys eventually had to come down to Earth; first quarter results confirm the trend is long-term. Revenue in the first quarter of 2016 was … [Read more...] about Ansys Q1 new reality: slower, more steady growth