Latest news with #Lifecycle
Business Standard
4 days ago
- Business
- Business Standard
L&T Technology Services inks pact with Tennant for sustainable product development
L&T Technology Services announced that it has signed a strategic agreement with Tennant Company, a global leader in industrial cleaning equipment, to accelerate the development of sustainable new products. As part of the collaboration, LTTS will establish a dedicated Offshore Development Center (ODC), equipped with a scalable engineering team to support Tennants initiatives in New Product Development (NPD), Product Lifecycle Management (PLM), and other core business functions. This strategic work between the two companies aims to accelerate the development of cutting-edge industrial cleaning technologies, leveraging LTTS' deep expertise in embedded systems, expertise in IoT (Internet of Things), and digital engineering to drive efficiency and sustainability. It also reflects LTTS' broader commitment to advancing its sustainability vision by fostering eco-friendly and energy-efficient engineering solutions that contribute to a greener future. The partnership aims to fast-track the development of cutting-edge industrial cleaning technologies, leveraging LTTSs strengths in embedded systems, IoT, and digital engineering to enhance efficiency and sustainability. It also aligns with LTTSs broader vision of promoting eco-friendly and energy-efficient engineering solutions, contributing to a greener future. The ODC will house a team of highly skilled engineers focused on enhancing Tennants product innovation, boosting operational performance, and integrating smart automation into its product lineup. The collaboration is expected to open new avenues for innovation in emerging markets, particularly in the Asia-Pacific region. Alind Saxena, executive director & president of mobility & tech at L&T Technology Services, stated, "As Tennant continues to redefine industrial cleaning through innovation and a strong commitment to a greener future, LTTS is proud to collaborate in advancing next-generation solutions in its Sustainability segment. By leveraging our expertise in engineering design, manufacturing, and supply chain optimization, we are committed to enabling intelligent, responsible products, enhancing efficiencies, and supporting Tennant's growth in emerging technologies to build a sustainable and responsible tomorrow." Pat Schottler, chief marketing & technology officer for Tennant Company, said, Working with LTTS enables us to harness world-class engineering capabilities and accelerate our product roadmap. Reinforcing a shared commitment to pioneering transformative solutions, the dedicated ODC will play a crucial role in driving new innovations that align with our mission to create a cleaner, safer, and healthier world. L&T Technology Services (LTTS) is a global leader in engineering and technology services. As a listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 8.7% to Rs 311.10 crore on a 17.5% rise in net sales to Rs 2,982.40 crore in Q4 FY25 over Q4 FY24. Shares of L&T Technology Services (LTTS) rose 0.48% to Rs 4,340.05 on the BSE.
Techday NZ
22-04-2025
- Automotive
- Techday NZ
Siemens expands Teamcenter X to support firms of all sizes
Siemens Digital Industries Software has introduced new versions of its Teamcenter X software aimed at extending Software as a Service (SaaS) Product Lifecycle Management (PLM) capabilities to organisations of all sizes. The newly expanded Teamcenter X portfolio now consists of four distinct offerings. The entry-level Teamcenter X Essentials provides data management designed for mechanical design, which includes core functionalities such as CAD data management, product structures, revision management, where-used search, check-in/check-out, and 3D view and mark-up capabilities, with the potential for full scalability as businesses grow. The introduction of Teamcenter X Standard expands on the Essentials offering by including additional PLM functions such as simple change management, project scheduling, document management, and report generation. These features are provided with out-of-the-box configurations that can also be tailored to suit specific customer requirements. For organisations requiring collaboration across multiple engineering domains, Teamcenter X Advanced supports cross-domain lifecycle management, covering mechanical, electronic, and electrical design. The Advanced offering builds upon the Standard tier, introducing data management for electrical and electronic design integration, as well as classification. As with the Standard tier, Advanced is delivered with configurable, ready-made solutions. At the top end of the portfolio, Teamcenter X Premium provides access to the full capabilities of the Teamcenter suite, including enterprise bill of materials (BOM), business system integration, model-based systems engineering, manufacturing planning, quality and compliance management, product cost management, and service lifecycle management. The Premium version also offers preconfigured solutions tailored for industries such as industrial machinery, medical devices, and semiconductors, along with customisation options and a choice of cloud providers. Frances Evans, Senior Vice President, Lifecycle Collaboration Software, Siemens Digital Industries Software, said, "This expansion of Teamcenter X continues Siemens' mission of making SaaS PLM more accessible for companies of all sizes. The new additions to Teamcenter X help even more customers get started quickly with PLM and then scale to solve more business challenges using more of the Teamcenter portfolio." Workhorse Group, an American company focused on producing zero-emission commercial vehicles, has selected Teamcenter X as its company standard to streamline activities across its development teams and supply chain in manufacturing electric trucks for the last-mile delivery sector. Jeff Mowry, Chief Information Officer at Workhorse Group, said, "Standardising on Teamcenter X has allowed us to integrate our design, engineering and supply chain functions efficiently. Previously, our multi-CAD environment was costly and required extra resources. With Siemens, we've eliminated these inefficiencies and can focus on building complex electric trucks more effectively." "Using Siemens' tools, we are able to effectively manage our intricate bill of materials and engineering change notices, which is key given the dynamic nature of electric vehicle production. This strategic move has not only lowered our operational costs but also strengthened our ability to protect intellectual property and ensure cybersecurity." Teamcenter X's new offerings are positioned to allow quicker deployment and reduced administrative overhead. Siemens' approach involves providing prepackaged functionalities out of the box, such as process management and the ability to integrate development across mechanical, electrical, and electronic domains. These features are intended to benefit manufacturers seeking digital transformation regardless of their organisation's scale or maturity. Siemens Digital Industries Software continues to expand its portfolio to support organisations seeking to optimise design, engineering, and manufacturing processes through digital strategies.
Yahoo
04-04-2025
- Business
- Yahoo
Hewlett Packard Enterprise (NYSE:HPE) Sees 14% Price Drop Over Trade Tensions and Tariffs
Hewlett Packard Enterprise has recently been making noteworthy advancements in AI integration and client services, highlighted by its collaboration with Compucom and the enhancement of its Full Lifecycle Observability capabilities. Despite this, over the past week, HPE experienced a 14% price decline. This drop occurred amid broader market turmoil, with the Dow Jones down 4% and the tech-heavy Nasdaq falling 5% due to growing trade tensions and newly announced tariffs. The overall market performance and economic uncertainties likely influenced investor sentiment, overshadowing HPE's recent positive developments and robust financial growth reports. Buy, Hold or Sell Hewlett Packard Enterprise? View our complete analysis and fair value estimate and you decide. Trump's oil boom is here — pipelines are primed to profit. Discover the 20 US stocks riding the wave. Over the last five years, Hewlett Packard Enterprise (HPE) delivered a total return of 52.79% when considering both share price and dividends, even as it faced regulatory and competitive challenges. Notable efforts included the integration of AI-focused solutions and cloud strategies through its GreenLake platform, which achieved an Annualized Recurring Revenue exceeding US$2 billion for the first time. HPE's acquisition of Juniper Networks aimed to deliver synergies of at least US$450 million over three years, promising to streamline operations, although it faced some litigation by the Department of Justice that may impact future prospects. Their performance in Q1 2025 saw sales rise to US$6.98 billion, with net income reaching US$627 million, reflecting a consistent financial upswing. However, workforce reductions, significant buyback activity, and pricing pressures in the server segment indicate ongoing adjustments in operations. Despite outstripping industry earnings growth over the past year, HPE underperformed both the US market and the tech industry in one-year returns, highlighting the complex landscape HPE navigated to secure such a five-year return record. Understand Hewlett Packard Enterprise's track record by examining our performance history report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:HPE. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
