Dassault Systèmes just reported a Q4 that should make investors quite happy. In Paris, the share price is up around 5% at mid-day local time.
Total IFRS revenue was €673 million, up 19% as reported and up 16% in constant currency (cc), right in the middle of guidance, leading to full year 2014 IFRS revenue of revenue €2.29 billion, up 11%.
For Q4, software revenue was €592 million, up 16%. New license revenue was up 24% in total and 12% on an organic basis. All regions showed double-digit growth in Q4, with Americas up the most, at 17% in constant currencies. Revenue from SolidWorks was up 14%, CATIA was up 8% and ENOVIA, up 5%. Other software, lead by SIMULIA, increased by 42% — reflecting double-digit growth in SIMULIA and the inclusion of Accelrys and other acquisition. (All brands are non-IFRS, cc.)
DS introduced guidance for 2015, saying it expects non-IFRS revenue growth of 15% to 17% in constant currencies, leading to total revenue of about €2.70 billion to €2.72 billion. For Q1, the company forecasts revenue of between €610 million and €620 million.
IFRS, non-IFRS. Constant currency vs. reported. Organic and acquired. So much detail to wade through — lots more after the earnings call this morning. On a first read, though, the news appears very good: revenue up across brands, geos, industries — and quite a bit of it seems organic.