Quickie: DS catches Boeing, reports Q2 revenue up

Dassault Systemes, never shy about wins, folded an announcement that Boeing will be adopting the 3D EXPERIENCE platform across its commercial aviation, space, and defense divisions. That’s likely a big, big deal financially and from a marketing/spin perspective, once the implementation ramps up next year. More to come on this.

Some of the earnings details:

• Total revenue in Q2 was €806 million, up 7% as reported and up 6% in constant currencies (cc)
• Software revenue was €719 million, up 7% (up 6% cc) while services revenue was €88 million, up 4% (up 3% cc)
• Within the software category, new license and software-related revenue was €212 million, up 9% cc and maintenance and subscription revenue was €511 million, up 8% cc
• By brand, SOLIDWORKS led the way, with software revenue up 16% as reported and 14% cc to €177 million. Revenue in the Other bucket was €212 million, up 11% as reported; ENOVIA revenue was up 3% to€84 million, and CATIA revenue was up 2% to €250 million. DS’ prepared materials say that SOLIDWORKS saw “strong growth in new licenses revenue”, CATIA reported “double-digit new license revenue growth in North America and Europe, offset by a lower contribution most notably from China”. Growth in Other Software was led by QUINTIQ, and not SIMULIA. Food for thought.
• By geo, revenue from the Americas was €224 million, up 8% in cc; from Europe was €297 million, up 6% cc; and from Asia, up 4% to €197 million.

Lots more here, on DS’ website. More after I listen to the earnings call.