Site icon Schnitger Corporation

Quickie: DS Q1 revenue up 13%, ups year to 10% to 11% growth

Quickie: DS Q1 revenue up 13%, ups year to 10% to 11% growth

Apr 27, 2022 | Hot Topics

Dassault Systèmes announced Q1 results this morning — they were very, very good, and caused the company to raise its targets for the full fiscal year. More when there’s time, but here ar the

  • Total revenue in Q1 was up 13% as reported (up 8% in constant currencies) to €1,324.5 million
  • Software revenue was also up 13% (up 8%cc) to €1,205.5 million.
  • Within all of that, 3DEXPERIENCE software revenue grew 21% cc in Q1 as, according to the company, ” the value proposition of the platform was a key factor in driving large client wins” — and now accounts for 30% of total software revenue
  • Cloud revenue was up 21% cc — and is now 21% of software revenue
  • Mainstream Innovation (the bucket that includes CENTRIC, 3DVIA brands, 3DEXPERIENCE WORKS and SOLIDWORKS) revenue was up 12% cc. The company said that “strong SOLIDWORKS momentum continued into the first quarter with revenue increasing double-digits”
  • Industrial Innovation (CATIA, ENOVIA, SIMULIA, DELMIA, GEOVIA, NETVIBES, 3DEXCITE) was up 5% cc. The company said that CATIA and ENOVIA “delivered excellent, double-digit license and subscription revenue growth, underscoring the strength of our differentiated offering”. SIMULIA wasn’t mentioned in the prepared materials; I’ll see if I can learn more
  • Life Sciences was up 13% cc, with MEDIDATA growing in the double digits
  • By geo, software revenue was up 7% cc in the Americas, up 6% cc in Europe while Asia was up 13% cc
  • DS expects little impact from Russia’s war in Ukraine, saying that the “Russian invasion of Ukraine is above all a human tragedy. Dassault Systèmes has implemented all actions to suspend its business operations in Russia, which represent less than 0.5% of non-IFRS revenues in 2021.

Given the strong Q1 results, DS now expects fiscal 2022 revenue to be up 10% to 11% as reported (up 9% to 10% cc) to €5.355 billion to €5.405 billion. For Q2, it expected revenue of €1.295 billion to €1.320 billion, or 12% to 14% as reported (9% to 11% cc).

Exit mobile version