There are six engineering ISVs (CAD, CAE, PLM, MES) with billion dollar plus annual revenue. There quarterly results are out and five of them have shown good growth.
Engineering software ISVs are having a good quarter.
Q2 2020 Sales, YoY growth
Dassault Systèmes: € 1.07 B, 11%
Siemens Digital Software: € 1.06 B, 11%
Autodesk (Q2 FY 21): $913 M, 15%
Hexagon AB: € 897 M, -8%
ANSYS: $386 M, 5 %
PTC: $352 M, 19%
Key Geographies
So far growth observed in US, Germany, Latin America, China, and Japan.
Key Acquisitions in Q2
Altair: WRAP Software
Autodesk: Aurigo Software
Bentley Systems: Notevault
Key Deals/ Contracts in Q2
Dassault : Vertical Corporation
Aras: EIZO
Bottomline: The growth of engineering ISVs in this business environment is a good sign and follows similar trend of growth in other enterprise ISVs. Though some of this growth is inorganic too but still a good sign. Engineering service demand follow engineering software growth. So good news for engineering services providers too!
Now AVEVA after OSISoft acquisition will also cross $1 Billion in sales.
