Dassault Systemes SE (OTCPK:DASTF)

$ 36.69 +0.88 (+2.46%) Market Cap: 48.72 Bil Enterprise Value: 46.24 Bil PE Ratio: 38.83 PB Ratio: 4.60 GF Score: 96/100

Full Year 2024 Dassault Systemes SE Earnings Call Transcript

Feb 04, 2025 / 01:30PM GMT

Release Date Price: $41.8 (+4.87%)

Transcript

Key Points

Positve

Dassault Systemes SE (DASTF) reported strong Q4 results with software revenue accelerating to 9% and EPS growing by 11%.
The 3DEXPERIENCE platform contributed significantly, accounting for nearly 40% of software revenue and showing a 22% rise.
Major contracts were signed with industry leaders such as Volkswagen Group and Lockheed Martin, expanding the company's footprint.
The company is leveraging generative AI to create new solutions, enhancing its strategic positioning across various sectors.
The company's subscription revenue grew by 10%, with recurring revenue now representing 80% of software revenue.

Negative

The automotive sector is facing slowing demand due to lower EV adoption rates, impacting growth potential.
The aerospace industry is experiencing supply chain disruptions and production ramp-up challenges.
Medidata's growth was only 1% in Q4, indicating challenges in the life sciences sector.
Cloud revenue growth excluding Medidata slowed to 19% in Q4, down from 38% in Q3.
The company anticipates a degree of caution in Q1 2025 due to the timing of certain deal signatures.

Operator

Hello, and welcome to the Dassault Systemes 2024 fourth-quarter and full-year earnings call. My name is George, I'll be coordinator for today's event. Please note this conference is being recorded. (Operator Instructions)

I'd like to hand the call over to your host today, Ms. Beatrix Martinez, to begin today's conference. Please go ahead.

Beatrix Martinez

Dassault Systemes SE - Vice President - Investor Relations

Thank you, George, and thank you for joining our fourth-quarter and full-year 2024 earnings conference call with Pascal Daloz, Chief Executive Officer; and Rouven Bergmann, Chief Financial Officer. Dassault Systemes results are prepared in accordance with IFRS. The financial figures discussed on this conference call are on a non-IFRS basis with revenue growth rates on a constant currency basis unless otherwise noted. Some of the comments on this call contain forward-looking statements that could differ materially from actual results. Please refer to today's press release and the Risk Factors section of our 2023 universal registration document

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