Dassault Systèmes reports that Q4 revenue was €565 million, essentially flat with last year and up 5% in constant currencies (cc). For the year, total revenue was €2,066 million, up 2% as reported and up 5% in cc. Software revenue was €511 million, also flat year/year (y/y) and up 5% cc, as new license revenue dropped 2% in cc, “reflecting a softer macro backdrop generally in 2013 compared to 2012”. Revenue (as reported) was lower in Q4 2013 than Q4 2012 in the Americas and Asia but up 2% in Europe — although all regions saw growth in cc. In Q4, CATIA revenue was €215 million, down 6%; ENOVIA revenue was €72 million, down 1%; SolidWorks revenue was €104 million, up 1%. “Other” revenue (SIMULIA, DELMIA, GEOVIA, etc.) was €119 million, up 13%. A very mixed bad that we’ll parse with help of the earnings calls held today.
The company also issued guidance for 2014 that includes the RTT acquisition (but not Accelrys, since that hasn’t closed). For Q1, it expects revenue of around €495 million; for the full year 2014, revenue growth of 10% to 11% in constant currencies which amounts to €2.21 billion to €2.23 billion. More later, after the earnings calls.
Also today, Autodesk and Delcam will announce that their planned merger has closed. On Tuesday, final UK regulatory and legal approvals were obtained for the deal and today, trading in Delcam’s shares was suspended on the London Stock Exchange. Autodesk is holding a briefing about it all later this morning.