Dassault Q3 Revenue Down 2% to €1.46B with €240M Profit

Sequential improvement of MEDIDATA revenue.

VÉLIZY-VILLACOUBLAY, France, Oct 31, 2024 – Dassault Systèmes announced IFRS unaudited estimated financial results for the third quarter 2024 and nine months ended September 30, 2024. This quarter’s revenue stood at €1.46B, down 2% compared to €1.49B of second quarter of 2024, with a profit of €239.8M.

Comparative analysis based on Dassault’s financial results in the last 12 quarters (Result source Dassault website)
Comparative analysis based on Dassault’s financial results in the last 12 quarters (Result source Dassault website)

Pascal Daloz, Dassault Systèmes’ chief executive officer, commented: “As we enter the second half of the year, we have seen several end-markets gaining momentum. In Life Sciences, MEDIDATA is back to sequential growth improvement. At the same time, we had excellent performance in Consumer industries driven by CENTRIC PLM. SOLIDWORKS accelerated growth in revenue and seats. Importantly, Aerospace & Defense was resilient and delivered a solid performance this quarter.

However, since late summer, automotive customers in Europe and the US have been impacted by a contraction in volumes. This accelerates the need for transformative decisions, while elongating decision-making in the short term. Momentum in Asia, and China in particular, remains strong.


We are well-positioned to continue gaining market share in the industrial sector. We are confident that our data-centric platform will serve as a catalyst for transformation. In the age of AI, virtualizing industrial processes from design to manufacturing will be a prerequisite for OEMs and suppliers to compete successfully in this next decade.”

Rouven Bergmann, Dassault Systèmes’ chief financial officer, commented: “In the third quarter, our total revenue grew by 4%, while the operating margin remained resilient at 29.6% and EPS stood at €0.29, highlighting the operating efficiency of the company.

For the full year, we are reconfirming our EPS target range of €1.27 – €1.30 while remaining disciplined to offset the effects of ongoing deal delays and contraction in automotive volumes. Accordingly, we are adjusting our total revenue growth expectations from 6 – 8% to 5 – 7%.

This updated guidance reflects expected growth acceleration in the fourth quarter, driven by continued improvements at MEDIDATA and a robust 3DEXPERIENCE pipeline.”

A complete chart of the financial results is available here.

For more information, visit 3ds.com.