Dassault Systèmes’ Third Quarter Non-IFRS Software Revenue Up 8% with Non-IFRS New Licenses Revenue Growth of 12% in Constant Currencies

Products and Industry Solution Experiences

On September 26, 2017 Dassault Systèmes announced the launch of SOLIDWORKS 2018, the latest release of its portfolio of 3D design and engineering applications. With SOLIDWORKS 2018, teams can collaborate concurrently to more rapidly and cost-efficiently design a product or part, validate its function and manufacturability, manage its data and related processes, streamline and automate its manufacturing, and inspect it. Any changes in design or manufacturing are fast and easy to manage and automatically flow to all related models, programs, drawings and documentation, thanks to intellectual property embedded early on in the design process. A key feature of SOLIDWORKS 2018 for this process is SOLIDWORKS CAM, a new application that provides rules-based machining with knowledge capture to allow for the automation of manufacturing programming. Designers and engineers can gain a greater understanding of how their designs are made, make more informed decisions, and quickly create prototype parts and manufacture in-house to control quality, cost and delivery.

Business Outlook

Thibault de Tersant, Dassault Systèmes’ Senior Executive Vice President & CFO, commented, “Our key performance indicators during the third quarter were well aligned with the high end of our non-IFRS guidance, with new licenses revenue up 12% and total software revenue up 8% in constant currencies, operating margin at 32% and earnings per share of €0.64. Total revenue growth of 6% in constant currencies came in at the low end of our 6-8% range due to services activity.

“New license revenue growth reflected solid performances across a majority of geos, all Core Industries with notable performance in Industrial Equipment and in multiple Diversification Industries including High-Tech, Energy, Process & Utilities and Consumer Goods & Retail. China’s overall results were disappointing, but strength in other geos compensated for this. From a product line perspective, SOLIDWORKS continued to perform well, and SIMULIA and GEOVIA also stood out.

Based upon our performance to date and updated fourth quarter outlook, we are reaffirming for 2017 new licenses revenue growth of 8 to 10% and recurring revenue growth of about 6%, both goals in constant currencies and on a non-IFRS basis. Since late July, the Euro has strengthened against all other currencies, and as a result we have updated our 2017 reported non-IFRS revenue range to €3.185 to €3.205 billion to reflect these currency effects and reduced services activity. Our non-IFRS operating margin is now 31.0% to 31.5% and our non-IFRS EPS range is €2.57 to €2.61 for 2017, both solely reflecting increased currency headwinds.”

The Company’s fourth quarter and full year 2017 financial objectives are given on a non-IFRS basis and are as follows:

  • Fourth quarter 2017 non-IFRS total revenue objective of about €856 to €876 million based upon the exchange rates assumptions below, growing about 3% to 5% in constant currencies; non-IFRS operating margin of about 36% to 37%; and non-IFRS EPS of about €0.78 to €0.82;
  • 2017 non-IFRS revenue growth objective of about 6% in constant currencies at €3.185 to €3.205 billion (reflecting the principal 2017 currency exchange rate assumptions below for the US dollar and Japanese yen as well as the potential impact from additional currencies representing about 10% of the Company’s total revenue in 2016);
  • 2017 non-IFRS operating margin of about 31% to 31.5% compared to 2016 where the non-IFRS operating margin was 31.2%;
  • 2017 non-IFRS EPS of about €2.57 to €2.61, representing a growth objective of about 3% to 5%;
  • Objectives are based upon exchange rate assumptions of US$1.20 per €1.00 for the 2017 fourth quarter and US$1.14 per €1.00 for the full year; and JPY135 per €1.00 for the 2017 fourth quarter and JPY127.2 per €1.00 for the full year before hedging.

The Company’s objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below.

The 2017 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2017 principal currency exchange rates above: deferred revenue write-downs estimated at approximately €12 million, share-based compensation expense, including related social charges, estimated at approximately €108 million and amortization of acquired intangibles estimated at approximately €158 million. The above objectives also do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses, from one-time items included in financial revenue and from one-time tax restructuring gains and losses. Finally, these estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after October 25, 2017.

Today’s Webcast and Conference Call Information

Today, Wednesday, October 25, 2017, Dassault Systèmes will first host from London a webcasted meeting at 8:30 AM London time/ 9:30 AM Paris time and will then host a conference call at 9:00 AM New York time/ 2:00 PM London time/ 3:00 PM Paris time. The webcasted meeting and conference call will be available via the Internet by accessing http://www.3ds.com/investors/ . Please go to the website at least 15 minutes prior to the webcast or conference call to register, download and install any necessary audio software. The webcast and conference call will be archived for one year.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15  Next Page »
Featured Video
Jobs
Mechanical Engineer for PTEC Solutions at Fremont, California
Upcoming Events
Esri User Conference 2024 at san diego CA - Jul 15 - 19, 2024
URISA GIS Leadership Academy at Chicago IL - Aug 12 - 16, 2024
Commercial UAV Expo 2024 at Caesars Forum Las Vegas NV - Sep 3 - 5, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise