Dassault Systemes SE (STU:DSYA)

€ 32.16 0.4 (1.27%) Market Cap: 42.29 Bil Enterprise Value: 41.23 Bil PE Ratio: 37.87 PB Ratio: 5.21 GF Score: 92/100

Q3 2024 Dassault Systemes SE Earnings Call Transcript

Oct 24, 2024 / 12:30PM GMT

Release Date Price: €32.91 (-0.18%)

Transcript

Key Points

Positve

Dassault Systemes SE (DASTF) reported a 4% revenue growth in Q3 2024, driven by an 8% increase in subscriptions.
The company saw strong performance in life sciences, consumer industries, and aerospace and defense sectors.
The 3DEXPERIENCE platform continues to gain market share, with a robust pipeline in industrial sectors.
Medidata showed a broad-based improvement, with a recovery in global clinical trial starts and new product launches.
The company secured almost 100 significant competitive deals across key markets, demonstrating the value of its solutions.

Negative

The automotive sector in Europe and the US faced volume contractions, impacting short-term decision-making and revenue.
Q3 software revenue growth was at the lower end of guidance, with upfront license revenue down by 7%.
The company faced headwinds from a mega deal anniversary, impacting software revenue growth.
The automotive sector's slowdown led to a EUR40 million shift in deals, affecting Q3 revenue.
The company adjusted its full-year revenue growth guidance to 5% to 7%, down from 6% to 8% previously, due to market volatility.

Beatrix Martinez

Dassault Systemes SE - Vice President - Investor Relations

Thank you for joining our third-quarter 2024 earnings conference call with Pascal Daloz, CEO; and Rouven Bergmann, CFO.

Dassault SystÃ¨mes' 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. All earnings materials are available on our website, and these prepared remarks will be available shortly after this call.

I would now like to hand over to Pascal.

Pascal Daloz

Dassault Systemes SE - Chief Executive Officer, Member of the Executive Board, Director

Thank you, Beatrix. Good morning to everyone. Good afternoon for the ones who are in Europe. Thank you for joining us on the

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