Dassault Systèmes (EPA:DSY) has delivered revenue results for the second quarter of 2017.
The financial statements show positive growth across the company’s principal solutions for 3D design and simulation (CATIA, SOLIDWORKS) and product life cycle management (ENOVIA) available as part of the 3DEXPERIENCE portfolio.Total software revenue is up 7% on the same period in 2016, and earnings per share are valued at the high-end of company objectives at €0.62.
Big business from transportation & mobility
In segmental analysis, Solidworks, a widely used tool in the 3D printing industry, came out on top with 14% growth in revenue versus Q2 2016, and total for the first half of 2017 is up by 13%.
The biggest portion of software revenue was driven by diversification industries including businesses in architecture, energy and marine & offshore businesses.
The largest percentage driven from one industry alone was revenue received from the transportation and mobility industry at 29%, with aerospace and defence making up 14%.
The billion dollar Boeing deal
Dassault Systèmes also announced a $1 billion 3DEXPERIENCE contract with airplane manufacturer Boeing. The agreement between the companies is reported to be in place for the next 30 years.
The deal is an extension of a previous collaboration with Boeing that saw Dassault’s software suite implicated to design and make a digital twin of the B-777 airline range.
Bernard Charlès, Vice Chairman and CEO of Dassault Systèmes explains,
“This new agreement, with the deployment of our 3DEXPERIENCE platform to support Boeing’s complete value chain, from innovation to manufacturing and after sales, as well as enhancement of data thus created, represents a new step, equivalent to or even more important in potential reach than the previous one”
Acceleration of growth predicted for 2017
The full report for Q2 2017 is available here. In closing, Charlès comments,
“…while we were pleased with second quarter results having reached the high-end of our objectives for software revenue and EPS, it is only a step on a trajectory on which Dassault Systèmes should see an acceleration of its growth, based upon the multiple strategic clients’ decisions, like Boeing’s, demonstrating our ideal positioning to bring value to all the industries we serve.”
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Featured image: Dassault Systèmes Design in the Age of Experience. Photo by Michael Petch.