Dassault Systèmes announced results today that beat expectations on many fronts. I’m at the PLM Innovation Americas conference so will have to get the conference call replays when I can, but here’s a quick update:

  • total revenue was €499.5 million as reported (IFRS), up 15% and up 8% in constant currencies (cc) — you know they looked hard everywhere for the other €0.5 millon to get them to €500 million!
  • IFRS software revenue was €455 million, up 15% and up 8% in cc
  • IFRS PLM software revenue was €355 million, up 15%, while Solidworks software revenue was €99.9 million, up 18% as reported and up 9% in constant currencies. On a non-IFRS basis, CATIA revenues were up 5%, and ENOVIA revenues were up 3%. SIMULIA and DELMIA aren’t broken out.
  • Asia was the standout in geo terms, with IFRS revenue of €146 million, up 16% in constant currencies.
  • On a non-IFRS basis, licence revenue was €119.5 million, up 19% and well ahead of the company’s forecast of €113 million.
  • The addition of Gemcom and the subtraction of Transcat muddy the waters a bit for Q3 results. DS’ press release says that these two transactions led to a net 8% increase in non-IFRS software revenue growth. Need to parse this more closely — and perhaps there’s more information in the analyst calls.

DS raised its FY12 guidance to total revenues of €2,025 million, up from a prior target of €2,000 million.

Off to the conference — more later.

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