DASSAULT SYSTÈMES FINANCIAL RESULTS SHOW DOUBLE DIGIT SOFTWARE REVENUE GROWTH IN Q1 2019

3D Printing Industry | 4/25/2019 | Tia Vialva
baileyboo (Posted by) Level 3
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Dassault Systèmes, the developer of 3D design software SOLIDWORKS and the 3DEXPERIENCE platform, has reported its financial results for the first quarter of financial year 2019.

Total revenue for the quarter is up 17% on the comparative period, from €818.7 million to €958.9 million. Of this revenue, Software constitutes €855.3 million for Q1 2019, a €120 million and 16.35% increase on the same period in 2018 which was €735.10 million. The remaining €103.6 million for Q1 2019 is derived from Dassault Systèmes Services, such as consultation and orders through the 3DEXPERIENCE Marketplace. Services revenue for Q1 2019 increased 24.07% on Q1 2018, which was reported at $83.5 million.

Deeper - Results - Product - Industry - Bernard

Digging deeper into the results by product and industry, Bernard Charlès, Vice Chairman and CEO at Dassault Systèmes, told investors in an earnings call yesterday, “Our revenue results came in the high-end of our objectives. Software revenue increased double-digits in 7 out of the 11 industries we cover, all three core and several of our diversification industries, including High Tech, Life Sciences and Home & Lifestyle included.”

“On a regional basis, we saw strength in all three regions, led by 3DEXPERIENCE and large wins in newer brands as well. We are benefiting from our geo diversification as we continue to build out our market presence in key geographies.”

NOTABLE - GEOS - IN - THE - QUARTER

“SEVERAL NOTABLE GEOS IN THE QUARTER WERE CHINA, SOUTHERN EUROPE AND NORTH AMERICA. 3DEXPERIENCE SOFTWARE REVENUE INCREASED 26%. 3DEXPERIENCE LICENSES REVENUE INCREASED 25% AND REPRESENTED 40% OF RELATED LICENSES IN THE QUARTER.”

As a multi-product platform, Dassault Systèmes’ 3DEXPERIENCE is a software engine that connects all of the company’s applications from 3D design and simulation, to social & collaboration and information intelligence. The flagship CAD application, SOLIDWORKS is part of the 3DEXPERIENCE family, but it can also be used independently of the other programs offered by Dassault, such as...
(Excerpt) Read more at: 3D Printing Industry
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