All division and regions reported modest growth.
Dassault Systèmes has reported first quarter results that saw modest single-digit percentage growth in most product lines and regions. The Enovia data management unit continues to show above average growth, 11% this quarter (year over year).
Total revenue for the first quarter (ending March 31, 2016) was €691.4 million, up 6%. Net income was €90.7 million, up 27%. The company cited improved cash flow and “operational improvements” for the sharp increase in net income.
Dassault now reports results for its “3D Experience” line of vertical products. In the first quarter new license sales of 3D Experience products increased 33% year-over-year, although the line was just getting started a year ago. Key sales of this new line in the quarter included:
- Electronics manufacturer Ericsson, selecting the “Business Operation Excellence” solution to replace several legacy data management and operations products;
- Heavy equipment maker Caterpillar, selecting “Single Source for Speed” for product development;
- Pharmaceutical manufacturer Ipsen, selecting “Designed to Cure” for research and development.
Recurring software revenue increased 8% year-over-year; recurring revenue now is 74% of total software revenue at Dassault.
Other revenue metrics; unless otherwise noted, percentage changes year-over-year are in constant currencies:
- Software revenue €612.1, up 6%.
- Services and other revenues €79.3 million, up 8%.
Revenue by product line and region:
- Catia revenue was €221.4 million, up 5%
- Enovia revenue was €70.9 million, up 11%
- SolidWorks revenue was €151.5 million, up 6%
- Other software revenue was €168.3 million, up 4%.
- Americas revenue was €215.3 million, up 9%
- Europe revenue was €292.3 million, up 3%
- Asia revenue was €183.8 million, up 7%.
Seats of Solidworks sold in the first quarter were 15,329, up 14 seats from one year ago.
