Revenue in the first half of 2011 was up 18% from last year. SolidWorks is now bringing in 23% of all Dassault Systèmes revenue.
SolidWorks 2012, announced this week (see “SolidWorks 2012 adds costing module and large design review technology”) is the first update since Bertrand Sicot was promoted to CEO. A 14-year veteran of SolidWorks, he is an engineer by training who worked his way up through the sales organization. In an advanced briefing with the press last week, Sicot said 90% of the improvements in SolidWorks 2012 were driven by customer requests or by close observation of how SolidWorks users perform common tasks.
- SolidWorks new seats, first half 2010: 19,613;
- SolidWorks new seats, first half 2011: 24,201.
Without providing specific figures, SolidWorks CFO David Stott says subscription renewal rates are at an all-time high, and that attach rates for new subscriptions “are also very high.” It seems not every region has taken to the subscription model yet. “The idea of software subscriptions is not part of the business culture in China, for example. We need to understand the notion of perceived value there better [if we want subscriptions to work],” notes Stott.