Dassault systèmes financial results show double digit software revenue growth in q1 2019
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Dassault Systèmes monetary outcomes present double digit software program income development in Q1 2019

Dassault Systèmes, the developer of 3D design software program SOLIDWORKS and the 3DEXPERIENCE platform, has reported its monetary outcomes for the primary quarter of economic 12 months 2019.

Whole income for the quarter is up 17% on the comparative interval, from €818.7 million to €958.9 million. Of this income, Software program constitutes €855.three million for Q1 2019, a €120 million and 16.35% enhance on the identical interval in 2018 which was €735.10 million. The remaining €103.6 million for Q1 2019 is derived from Dassault Systèmes Providers, corresponding to session and orders by means of the 3DEXPERIENCE Market. Providers income for Q1 2019 elevated 24.07% on Q1 2018, which was reported at $83.5 million.

Income
Q1 2019 (tens of millions €)
Q1 2018 (tens of millions €)
Variance € tens of millions
%

Software program
855.30
735.10
120
16.35%

Providers
103.60
83.50
20
24.07%

Whole
958.90
818.60
140
17.14%

Digging deeper into the outcomes by product and trade, Bernard Charlès, Vice Chairman and CEO at Dassault Systèmes, advised buyers in an earnings name yesterday, “Our income outcomes got here within the high-end of our aims. Software program income elevated double-digits in 7 out of the 11 industries we cowl, all three core and several other of our diversification industries, together with Excessive Tech, Life Sciences and House & Life-style included.”

“On a regional foundation, we noticed power in all three areas, led by 3DEXPERIENCE and enormous wins in newer manufacturers as properly. We’re benefiting from our geo diversification as we proceed to construct out our market presence in key geographies.”

“A number of notable geos within the quarter had been China, Southern Europe and North America. 3DEXPERIENCE software program income elevated 26%. 3DEXPERIENCE licenses income elevated 25% and represented 40% of associated licenses within the quarter.”

Dassault Systèmes Q1 2019 income by product line

As a multi-product platform, Dassault Systèmes’ 3DEXPERIENCE is a software program engine that connects the entire firm’s functions from 3D design and simulation, to social & collaboration and knowledge intelligence. The flagship CAD utility, SOLIDWORKS is a part of the 3DEXPERIENCE household, but it surely may also be used independently of the opposite packages provided by Dassault, corresponding to product design platform CATIA, and enterprise modeling and planning app ENOVIA. The concept is that 3DEXPERIENCE is a modular platform that may be added to or modified as required.

The 3DEXPERIENCE options compass. Picture by way of Dassault Systèmes

In a breakdown of Software program income by product line, CATIA stays Dassault’s highest earner, introduced in €270.1 million in Q1 2019. That is adopted by SOLIDWORKS, producing €191.Four million in Q1 2019, after which ENOVIA, which reported €92.three million in the identical quarter. Remaining functions from Dassault generated a mixed income of €301.5 million in Q1 2019.

Geographically, as highlighted by Charlès, Europe was the corporate’s strongest area within the quarter, offering a Software program income of €364.9 million. This was adopted by the Americas, which additionally skilled the strongest development (26%) within the interval, reporting €264.9 million in Software program income for Q1 2019. Asia constituted €225.5 million in Software program income for Q1 2019.

Income by area
Q1 2019 (tens of millions €)
Q1 2018 (tens of millions €)
Variance € tens of millions
%

Americas
307.00
311.10
-Four.10
-1.32%

Europe
408.40
409.50
-1.10
-Zero.27%

Asia
243.50
243.50
Zero.00
Zero.00%

Whole
958.90
964.10
-5.20
-Zero.54%

For the three months ended March 31, 2019, Dassault Systèmes reported an working earnings of €215.eight million, in comparison with an working earnings for a similar interval in 2018 of €178.7 million. Web earnings for Q1 2019 was €158 million, in comparison with €136 million in Q1 2018. The diluted internet earnings per share for Q1 2019 was €Zero.62, in comparison with €Zero.53 in Q1 2018.

The corporate began the interval with €2.eight million in money and money equivalents. It ends Q1 2019 with nearing €2.9 million in money and money equivalents. For comparability, on the finish of Q1 2018, the corporate had €2.eight million in money and money equivalents, after beginning the interval with €2.5 million.

On observe to $Zero.5 billion enterprise?

In analyst questions on the finish of the yesterday’s earnings name, Charlès was additionally requested concerning the firm’s current acquisition of enterprise useful resource planning (ERP) software program specialist IQMS which was confirmed in December 2018. With the assistance of this acquisition, Dassault is persuing plans to develop into a $Zero.5 billion greenback enterprise. Commenting on IQMS, Charlès stated that “we’re on a very good begin” and the corporate is hopeful of seeing seen income development from the acquisition earlier than year-end.

As well as, he stated:

“The ambition to be a $Zero.5 billion model can be a potential ambition. We’ve no doubts about it.”

Dassault Systèmes full monetary outcomes for Q1 2018 could be discovered on-line right here.

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Featured picture exhibits Dassault Systèmes Design within the Age of Expertise. Photograph by Michael Petch.

Credit score : Supply Hyperlink

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