Dassault Systèmes (Nasdaq: DASTY; Bourse de Paris), a worldwide leading software developer of CAD/CAM/CAE/PDM II products, today announced financial results for the 2000 first quarter.
Acquisition costs include goodwill and technnology amortization and other related acquisition costs . All financial figures in this press release are before these acquisition costs unless otherwise noted.
Services and other revenue increased 18,9% in the 2000 first quarter. Services and other revenue represented 12,6% of total revenue, compared to 12,7% in the year-ago period. For the quarter, 7,426 CATIA and 4,779 SolidWorks new seats were licensed.
Charles Edelstenne, Chairman and Chief Executive Officer of Dassault Systèmes, commented, "The first quarter was a good start with all regions contributing to solid revenue growth. Asia was especially strong, posting a 49% revenue increase over the previous year. SolidWorks had an outstanding quarter, with a 51,1% growth. PDM revenues increased 87.5%."
Operating income increased 4,5% in the 2000 first quarter to Euro 44,4 million, despite higher investments in R & D and marketing and sales. The operating margin was 33% in the 2000 first quarter.
For the 2000 first quarter, net income increased 10,9% to Euro 29.5 million, or Euro 0.25 per share. In the year-ago period, net income was Euro 26.6 million, or Euro 0.23 per share.
In order to conform with current year presentation, acquisition costs attributed to technology and previously included in the line item research and development have been reclassified to the line item entitled acquisition costs. The amount reclassified from R&D to acquisition costs was Euro 2.1 million in the first quarter of 2000 and Euro 1.3 million in the year-ago quarter. Before this reclassification, operating income would have been Euro 42.3 million and net income would have been Euro 28 million or Euro 0.24 per share.
Bernard Charles, President, said, "During the quarter, we won in excess of 2000 new customers, which is our highest performance so far, and we continued to execute our vision of offering innovative products through our five brands."
"CATIA Version 5 Release 3 for Windows 2000 was introduced and is now received as a proven production system for several of our targeted market segments. In addition, Deneb 5.2 was released and offers a tighter integration with CATIA and ENOVIA. With the acquisition of EAI-Delta, whose products are very complementary to the Deneb ones, we are increasing the gap, and can now offer to this fast growing market the widest digital manufacturing product portfolio available."
"Our PDM II strategy based on the delivery of e-business tools for enterprises with ENOVIA and Team PDM products with Smart Solutions now provides very robust foundations to our customers for product creation, product life management and collaboration, as witnessed by our 88% revenue growth in the domain."
"We are very pleased by both revenue and product performance at Solidworks. Besides a 51% revenue growth, a record number of new customers were won during the quarter, illustrating the substantial opportunities to be exploited in their market segment."
Thibault de Tersant, Executive Vice President, noted, "Dassault Systemes has confirmed its ability to outperform the MCAD industry by positioning itself in the fastest growing market segments, such as the Digital Manufacturing one. To this end, the acquisition of EAI-Delta reinforced our ability to play a major role in this market, and brought our Digital Manufacturing resources to 450 professionals."
Highlights of the Quarter
Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating 'virtual twin experiences’ of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production.
Dassault Systèmes’ 20,000 employees are bringing value to more than 290,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit https://www.3ds.com