Dassault Systèmes Q1 2021 Results Show Significant Growth and Demand

The 3D software developer saw an increase in revenue and sales for its design and data platforms.

French 3D software developer Dassault Systèmes has announced its first quarter 2021 results.

French 3D software developer Dassault Systèmes has announced its first quarter 2021 results.

The company released its IFRS (International Financial Reporting Standards) unaudited financial results for the first quarter of the year, which ended on March 31, 2021. While the company still experienced a 3.8 percent decline in total revenue compared to the fourth quarter of 2020, the first quarter saw significant gains in line with the company’s multiyear growth goals that extend through 2025. According to Vice Chairman and CEO Bernard Charlès, software revenue managed to increase by 10 percent year over year, while EPS (earnings per share) grew by 20 percent on recurring software revenue, which represented 81 percent of total revenue. Sales mainly came in from global manufacturers and startups in the Americas, which saw an increase of 14 percent year over year, particularly from the Transportation and Mobility and Life Sciences & Healthcare industries. Dassault also noted the improvements in its Transportation and Mobility supply network.

Comparative analysis based on Dassault’s financial results in the last 12 quarters. (Image courtesy of Dassault Systèmes.)

Comparative analysis based on Dassault’s financial results in the last 12 quarters. (Image courtesy of Dassault Systèmes.)

Under the Industrial and Innovation category, the company saw growth from the 3DEXPERIENCE simulation platform Simulia and the Netvibes data intelligence platform. Meanwhile, Mainstream Innovation software revenue represented 21 percent of Dassault’s total software revenue, while Life Sciences software revenue accounted for 18 percent. Dassault also reported that there were sales across different product divisions, with Life Sciences customers availing themselves of Simulia, while Medical Device companies also saw deals for Simulia and the 3D CAD design software SOLIDWORKS. The number of SOLIDWORKS customers increased by 22 percent this quarter. Centric PLM (product lifecycle management) also saw significant growth thanks to the company’s expansion in China.

Dassault is already projecting estimated revenues of €1.130 to €1.155 billion for the second quarter of 2021. For its annual forecast, the company is predicting a revenue increase of 9 to 10 percent, with a total between €4.715 billion and €4.765 billion. The company is also aiming for 3DEXPERIENCE revenues to account for 75 percent of its software revenue by 2025.

“The accelerated pace of innovation required in the three sectors of the global economy we are addressing, Manufacturing, Life Sciences & Healthcare, and Infrastructure & Cities, can only be achieved by the continued platformization of industries. With our 3DEXPERIENCE platform, coupling Mod-Sim with extensive data capabilities, we are well-positioned to help customers become platform-driven,” stated Charlès.

Dassault also recently announced that it will be extending its strategic partnership with innovative construction engineering company Bouygues Construction. The pair renewed their partnership agreement for another three years in April 2021. According to a press release, they will be working on the research and development of cloud-based and mobile-enabled systemic and modular technologies. This will involve the development of a construction virtual twin that can be used from design to operation. They will also be focusing on improving the collaborative capacity of Dassault’s 3DEXPERIENCE platform, which will allow interactions between developers, architects, subcontractors, suppliers, customers and operating companies throughout the life cycle of a project for a more streamlined experience.

“By bringing the virtual twin experience to the construction industry, we’re introducing onto the market new sustainable experiences—all on the cloud and mobile-enabled—empowering all actors in the value chain to collaborate and innovate,” shared Charlès.

For more information, visit https://www.3ds.com/.