VÉLIZY-VILLACOUBLAY, France, Oct 25, 2023 – Dassault Systèmes announced IFRS unaudited financial results for the third quarter ended September 30, 2023. This quarter’s revenue stood at €1.43B, down 1.7% compared to €1.45 of second quarter of 2023, with a profit of €243.3M.
Bernard Charlès, Dassault Systèmes’ chairman of the Board and chief executive officer commented: “Today, our clients are driven by the ambition to bring about a metamorphosis where they not only embrace a sustainable economy, accomplishing more with fewer resources, but also cultivate an experience economy characterized by personalization, contextualization, and automatic updates of experiences.
In this context, virtual twins, as central pillars of a company’s knowledge and know-how, prove to be essential, not only during innovation phases but throughout the product lifecycle. They pave the way for more efficient resource management and the continuous enhancement of the user experience. Virtual twins enable ‘software-defined experiences’, shifting the value from physical assets to software, all the while empowering our clients to establish direct connections with their end customers, providing tailored experiences.
What sets us apart is our ability to provide a scientific representation of the world’s complexity through our science-based virtual twin experiences. When combined with artificial intelligence, we can design ‘human-centered generative experiences’, placing humans at the core, amplifying their capabilities, bridging the real and the virtual, and facilitating informed decision-making.”
Pascal Daloz, Dassault Systèmes’ deputy chief executive officer & chief operating officer commented: “In the third quarter, we saw a significant number of large commercial agreements for our 3DEXPERIENCE platform. This is driven by the imperative for our customers to gain a competitive edge while staying profitable, meeting regulatory sustainability deadlines, and decoupling economic growth from resource consumption.
Our solutions are gaining momentum in the manufacturing sector, particularly in transportation & mobility, aerospace & defense, home & lifestyle, and consumer packaged goods & retail. While entering a less favorable investment cycle in the Life Sciences sector, we firmly believe that the demand for new, efficient, and affordable drugs will necessitate breakthrough innovations an aspect deeply embedded in our DNA. By brand, this quarter has been outstanding for many of them, notably with double-digit growth for CATIA, SIMULIA, ENOVIA, DELMIA, NETVIBES, and CENTRIC PLM. This performance attests our ability to gain market share in multiple domains, strengthening our unique competitive position through our existing product portfolio.
The strength of our performance in core industries, together with our diversification across sectors and domains, position us well to achieve our 2018-2023 objective of doubling EPS within a 5-year period, as initially planned. These accomplishments lay a solid foundation for our next financial plan.”
A complete chart of the financial results is available here.
About Dassault Systèmes
Dassault Systèmes, the 3DEXPERIENCE company, is a catalyst for human progress. They provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with their 3DEXPERIENCE platform and applications, their customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 150 countries.
For more information, visit www.3ds.com.
