Dassault Systemes revenue up 8% in Europe

A stock split and a change of registry overshadow financial results. Catia sales are down.

Boston-campus-400x267PLM vendor Dassault Systèmes (Euronext Paris: DSY.PA) saw revenue rise by 9% in the first quarter of 2014, compared with 1Q13. Total revenue was €502.2 million ($688.1 million). In constant currencies revenue was up 8%. Net income was €53.9 million ($73.8 million).

During the announcement of first quarter results, the company announced it will split its stock two-for one, effective July 1, 2014. The company will also change its official registry from France to the European Union; the move offers tax advantages better suited to its global operations.

Revenue by regions:

  • Americas: € 138.4
  • Europe/Middle East: € 231.6
  • Asia/Pacific: € 132.3
Dassault Systemes is more heavily dependent on Europe than its rivals in PLM.
Dassault Systemes is more heavily dependent on Europe than its rivals in PLM.

As is normal for DS, revenues fell sequentially in the first quarter. Catia revenue fell 5% year-to-year in Euros. SolidWorks revenue year-to-year grew 1% in euros and 6% in dollars. Service revenue jumped 35%, boosted by the services revenue from recent acquisitions RTT and Apriso. The only software type to grow double digits sales revenue was “Other PLM software” (which includes acquisitions), up 10% year-to-year.

Larger versions of the custom charts on this page are available at our GraphicSpeak page on Facebook: https://www.facebook.com/media/set/?set=a.880692251947981.1073741845.213851138632099&type=1

L. Stephen Wolfe, P.E., a contributing analyst for Jon Peddie Research, provided research for this report.

DS1Q14 Balance Sheet DS1Q14 quarterly revenue growth DS1Q14 quarterly euros DS1Q14 quarterly dollars DS1Q14 Product Line Pie DS1Q14 PLM SolidWorks seats DS1Q14 PLM SolidWorks revenue DS1Q14 PLM software revenue