Quick update: DS beats expectations in Q3

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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