CIMdata PLM Industry Summary Online Archive
14 January 2008
Financial News
Geometric Q3 USD Revenues up 2.4% QoQ, 31.3% YoY
Geometric Ltd. announced its Q3 results for FY 2007-08.
Financial Highlights
• Revenue from operations for the quarter was Rs 1240 million, a growth of 16.1% over the corresponding quarter of the previous year.
• Operating profit was Rs. 75.52 million, as compared to Rs. 62.59 for the previous quarter, an increase of 20.7%.
• Other income was lower at Rs 25.98 million as compared to Rs 52.95 million for the previous quarter.
• Profit after tax was Rs 68.07 million as against Rs 90.68 million for the previous quarter.
• Earnings per share (EPS) for the quarter was Rs 1.09.
Business Highlights
Key Wins
• Added 17 new customers and closed new business worth 9 Million USD.
• Made a breakthrough with a contract in the oil and gas upstream segment, viewed to be a major growth area for PLM.
• Won a PLM customization project for a marine equipment manufacturer.
• Signed an agreement to develop a Manufacturing Business Intelligence solution for an MES products company.
• Won and started the execution of a turnkey project for a leading structural engineering software OEM.
• Entered into supply chain engineering services for a forging company to provide consulting in plant design and optimization.
Solutions and Services
• Launched the 'e-Kanban' solution for manufacturing operations.
• Started the go-to-market process for the iPQM offering integrating PLM, MES and ERP systems, with a web seminar launching the solution for the medical devices industry, in collaboration with leading technology companies.
• Expanded offerings for:
• Visualization for the medical imaging industry
• Quality Inspection for the metrology industry
• Design rule management for the shipbuilding industry
• Accelerated PLM adoption for the fashion industry.
Products
Q3 saw a significant interest by various industrial prospects in the newly launched Design for Manufacturability (DFM) automation product, DFMPro, which helps reduce iterations between design and manufacturing by almost 60% and cuts down manufacturing costs by almost 15%.
• NestLib®, our fully automatic, true shape nesting technology, and GeomCaliper® an integrated, automated and easy-to-use thickness checker for models, recorded marked expansion of their customer base.
• A newer version of CAMWorks®, "CAMWorks 2008", was released in October. CAMWorks, a SolidWorks Certified Gold CAM product, is an automated intuitive CAM solution designed to maximize machining productivity.
• Other product version releases and upgrades in this period include releases of eDrawings for CATIA V5, GeomCaliper® for CATIA V5 and Pro/ENGINEER, and DFMPro for SolidWorks.
Partnerships
Signed the Microsoft partner program. This partnership will help us leverage Microsoft's technology excellence to create a competitive advantage for us, and for our customers, in fulfilling their quality and time-to-market goals using Microsoft Technologies.
Key Appointments
• Rajaramana Macha was appointed Chief Operating Officer of Geometric Ltd.
• Suchendra Kulkarni joined Geometric as Chief Information Officer.
For further details about Geometric, please visit http://www.geometricglobal.com/
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