You see here several examples in simulation, creating new type of low-cost medical equipment as well as of course data intelligence and global collaboration. Siasun Robotics has agreed a “strategic co-operation” with Dassault Systèmes, one of the largest software companies in Europe and the maker of popular engineering design applications such as Solidworks.. On November 23, the 2020 China Robot Industry Development Conference was successfully held in Qingdao High-tech Zone. Discover the winners now through the video. If we go to Page 38. By the way, we are learning how we should sell our own platform in a better way. The second thing is being able to, to a certain extent, preannounce 18 hours after the closing of the quarter. And I do not have seen, specifically in China, the recurrent being under pressure in Q1, if it is the question. And this is what I will explain to you right now. It will come again due to the necessity of the crisis, but the mindset is not there. Dassault Systèmes SE 2020 Q1 - Results - Earnings Call Presentation. We are removing our HR system. So we have good reasons to believe that the pipe will continue to grow in Asia, in the rest of the year. And my last point to you, Mo, is if you compare to 28 % and 29% there is a big difference. But what about the larger customers? Company Participants. Some of the comments we will make during today's presentation will contain forward-looking statements which could differ materially from actual results. We have seen it doubling in the -- recently, and we are leveraging the AI on the gigantic data from the past clinical trial to help establish synthetic arms so we can improve the speed at which discovering can be done on the quality of clinical trial including the patient journey. I mean the commercial closing, not the financial closings. So I factored this into the guidance. But the south part of Europe, specifically France, Italy and Spain, has been even impacted by the lockdown. No. That's the meaning of the announcement today. I guess my first question is you made a comment earlier about the strong growth in Europe aerospace and defense protocol. Pascal, you have a view. That's probably one of the -- you remember, we are -- we continue to expand in Shipbuilding and defense sector. François-José Bordonado In addition, we adopted the new IFRS 16 lease standard as of January 1, 2019. So that's our commitment. And that's a point which is probably good to notice, that when I was stating that the organic growth for the recurring revenue was at 5% overall, it's relatively consistent from all the different geos, across the different geos. However, the recurring revenue was strictly in line with our expectations. Let's conquer your financial goals together...faster. That's the way I'm going to do it. And our frustration, Bernard and I, is EUR 1.5 trillion investment on our platform, and we are a EUR 4.5 billion company. Thank you. But at this stage, there is no reason to do it. And Pascal mentioned also the logistic aspect which is becoming something that needs to be -- needs to evolve because the current infrastructure, really if you think about it, the world is still highly static in some of those big gigantic sectors. That's the first thing. You've obviously got quite a big business in Asia. Your line is open. Dassault Systèmes Provides Preliminary First Quarter 2020 non-IFRS Total Revenue Growth Outlook Preliminary and Unaudited 2020 First Quarter non-IFRS Financial Information (Unaudited, all revenue growth at constant currency and on a non-IFRS basis) * Q1 2020 preliminary total revenue 2.5% to 5% below the low-end of Q120 objectives, reflecting weaker new licenses revenue and lower … And so all comparative information is presented under IFRS 15. So that's the three takeaways to extend if I look at the pipeline. Its a complete PLM solution for an organization. In fact, it's a problem also for the healthcare system because, as you know, many people having other disease like in Oncology sector or heart vascular have basically reduced the contact with the medical sector on exposing their own life. And I know you are following us carefully. So I'm going to share that of course with Pascal and provide you with I think quite interesting insights about the way we observe the sectors we serve and its implication for the Dassault Systèmes plan for the next quarters and the full year. Your line is open. And we expect that the -- at least in mid countries between May and June, we will be able to restart completely, either fully, but we start. Contents: ... And I would like to welcome you to Dassault Systèmes first-quarter 2020 webcasted presentation meeting. But also, I think we will have a much better visibility for the full year. Thank you. And your last question comes from the line of Alexander Tout from Deutsche Bank. Good morning. Embed Graph. And I guess can you give us some more insight into what actually drove that? If I zoom on the recurring revenue, the point is the following. And I think you will see today that it's even more real than what people might even think of. And this -- in this category, you have several brands including SOLIDWORKS, Centric PLM, 3DVIA. Regarding the pipelines. You know, this sector has been, for us, heavily impacted by mobility and transporation. If we look at -- and we go page 33 and if we look at the different sectors, you have different dynamics. So if we go to Page 32, and we say a few words about the quarter. Have you seen any changes at all in terms of pricing in the market or any activities that have been more or less aggressive than in the past? And I think that's the framework, analytics platforms continuity and the breakthrough of synthetic control arm because I believe that this is quite important. It's a way also to engage with our partners. And last slide which is at 51, you have the numbers for 2020. Fax: +33 1 70 73 43 59 And why I'm saying that is because it's a win against Veeva. Want to show off a cool project you made this year? And I believe that when it comes to Dassault Systèmes, using the 3DEXPERIENCE platform everywhere, we are removing our CRM. With that, thank you very much all of you for your questions. ET. Remember, we are -- the payout for the dividend is only a third of the net income in the IFRS. What could we say? They like the approach. The second thing is our Annual Meeting will be behind closed doors, but we will stay -- we will keep the dates, and the date is May 26. This weekend, we are going to put online our next evolution, major evolution of 3DEXPERIENCE platform. Returns as of 12/03/2020. Q1 2020 preliminary total revenue 2.5% to 5% below the low-end of Q120 objectives, reflecting weaker new licenses revenue and lower services activity ... ©2020 Dassault Systèmes… I think this will change. And given the situation, we gave to them 30 additional days until June. And why so? As you know, we have a comprehensive set of brands on one platform, the 3DEXPERIENCE platform which is the collaborative multi-discipline platform. But on an organic basis, the growth is plus 4%. OK. OK. Great. And where we are, we are almost 20% below compared to last year after this review. To restart you need to behave, you need to operate in a different way, and you need a lot of money and simulations to prepare what you're going to do. Good morning everyone. So -- and it was relatively consistent across the different countries. That's not a light commitment. And why so? Yup. And they will have to face this pandemia too, unfortunately. [Operator instructions] We will now take our first question which comes from the line of Adam Wood from Morgan Stanley. Clearly, the Medidata platform is a unique science-based platform to empowering almost 60% of the worldwide trial actually going on with COVID-19. So why I'm saying that? Because basically, you have to think about the pipeline, you have to think about the commercialization, and you have to think about many aspects. Dassault Systemes SA (OTC:DASTY)Q1 2020 Earnings CallApr 23, 2020, 9:00 a.m. Two follow up well for me. Your line is open. We are not -- for 40 years, Dassault Systèmes has been making step major breakthrough to help the industry work differently. And definitively, we are accelerating in new geo. That's the reason why, I mean, we have a good momentum with DELMIA. On competitors' behavior briefly, difficult. 23, 2020, 9:00 a.m. You see that we are growing at 2% per. So basically, the placebo for one group could also be powered by the comparison to virtual synthetic control arm. And there are many more we need to work on. So you'll remember, the recurring revenue is composed by maintenance and support plus subscriptions. And most of the players that are coming from the optimizations, but they do not have the ability to develop new models. And this ability to replan on a constant basis to be dynamic is also new because it's a combination between the modeling and simulation capabilities with the optimizations. People, they want to have only one single source of tools. First and above all of course using the collaborative virtualization to help our clients and partners to continue their business from home. For the quarter, Dassault Systèmes has reported €1.14 billion, operating margin 29.2%, EPS €0.95, up 9%; The company’s recurring revenue is 83% of total software; Q1 cash flow from operations of €458 million The question is, why so? But the growth is -- for the full year is -- so far is for the quarter is plus 7%. Do you feel that the kind of license assumptions you have made, at this stage, in terms of that kind of gradual improvement, what are the kind of key risks around? That's the reason why I stated clearly that on a full year basis, I continue to have probably EUR 200 million cash flow being postponed to 2021. On one hand, you have the Maintenance and Support. Bernard Charlès - … And would you still receive -- would you still book the revenue even if that ramp-up is postponed? Zooming to the mainstream innovations. Q1 and for the new license, we were at minus 20%. So that's becoming visible. And more and more they are using 3DEXPERIENCE as a channel to make it happen. We are also learning from our side, the new landscape for the competitive landscape. So we did almost EUR 35 million savings in Q1, and I'm going to do EUR 135 million savings for the rest of the year. So I hope you noticed the simplicity, the efficiency of such kind of approach. And together, we can have a conversation on digital continuity across research, development, lab test, clinical trial, production. So the counter performance is really on the new license is coming from Asia, specifically. I will not comment it again because I already did it. And later in the presentation, I will give you the example of what we do in China. And speaking about our people in the company believe me, I am on Page 20, young talents redefine the workforce of the future. Good to talk to you. That's where it's coming from. It's a proof point that we are fully operational. More than ever, we believe that our belief is having an impact. VÉLIZY-VILLACOUBLAY, France — April 23, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the first quarter ended March. Page 39. That's the way we behave right now. We can say for those two brands which represent the bulk clearly, the recurrent revenue is growing extremely well, but has been offset by the decrease in the new license. So we -- I think this is well -- quite well accepted in many observations of the economical sector. Investor Contacts. Stefan Slowinski -- Exane BNP Paribas -- Analyst. Dassault Systèmes SE (French pronunciation: [daso sistɛm]) (abbreviated 3DS) is a Fortune 50 large software company that develops software for 3D product design, simulation, manufacturing and more.. A Dassault Group subsidiary spun off from Dassault Aviation in 1981, it is headquartered in Vélizy-Villacoublay, France, and has around 20,000 employees in 140 different countries. I was astonished how quickly they could be back on the agenda. And I think this acceleration of adoption, BIOVIA, is real also in our numbers. If you split and you go to Page 40 -- if you split the Software revenue between the License and the subscription and support, the License organic growth, in fact, is decreasing by minus 20%, and the subscription and support is growing at plus 30%. The virtual world extend and improve the real world. And to a certain extent, on the high end of the target, with 29.2% which is a good demonstration of our ability to react quickly to put the right measure in place to counterbalance the lack of revenue coming from the new license. Of course, on the modeling and simulation side, but also in Data Science. Alexander Tout -- Deutsche Bank -- Analyst. And the why so is relatively easy to understand. They are providing facility management for our sophisticated mission-critical infrastructure. See you at the top! Good morning everybody. Related to the recurring revenue, the question is, as I was clearly stating, there are a few components. Just maybe the competitive environment, are you seeing any competitors struggling? I have nothing special on that aspect at this point in time. We are removing our supply chain system. Now we are ready to take the questions. Please launch the video.[Commercial]. VÉLIZY-VILLACOUBLAY, France — October 12 th, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, will publish its … Centric, PLM have been impacted by the situation because, as you may know, in the Fashion & Luxury Goods, China does represent a significant part, either of the supply chain or the market, the demands. And we call this the virtual twin experience of human. VÉLIZY-VILLACOUBLAY, France — April 1, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) today announces its preliminary non-IFRS unaudited total revenue outlook for the first quarter ended March 31, 2020. Bernard is free to have what you want. That's it for me. François-José Bordonado - VP, IR. And we -- 18 hours after the closing of the quarter, we gave you some insights. It was very helpful to see a little bit about what you're seeing at the end of the quarter. Related to infrastructure and city, we have selected the example of the cooperation of Aden. Thank you. PREPARE PROJECT OF THE YEAR and get THE 3DEXPERIENCE FOR FREE If you take the oil and gas, if you take the constructions, all those sectors are suffering. April 23, 2020, 09:00 ET. But the mindset is definitely there to buy some roles, processes in order to optimize, to reengineer, if you want, what you're going to do. Thank you very much. Most of the financial figures on this conference call are presented on a non-IFRS basis, with revenue growth rates in constant currencies, unless otherwise noted. You cannot predict with document, you can predict with modeling and simulation. And maybe just one follow-up on the cash flow. Discover how Dassault Systèmes is addressing COVID-19 challenges with our partners and customers. Moving to the EPS, Page 43. And in the manufacturing sector, we believe that there will be a before and after because both supply chain will be restructured and -- as well as the way the manufacturing processes are working on the supply chain. We believe that the virtual world of modeling simulation on large data science are going to help the real world being improved and being more sustainable. It's happening inside Dassault Systèmes too. It helps organizing your data quite effectively. So any help of what we could learn from that in more detail would be really interesting. Once again, there are many competitors in this area doing digital documents. Please ask your question. We had the November meeting in New York for our Healthcare and where we explain what we are doing in life sciences. And by the way, Q1 Medidata is right on this plan. But, of course, everyone wants to know what DS sees for Q2 and the rest of 2020. But we have good reasons to believe that before the end of the year, it will restart. So it came to me. And the measure I'm taking is to maintain the same number of people we have end of March for the rest of the year. Thank you Stacy. So to a certain extent, 25%, 26% is coming from the mid-market. Apr 23, 2020 Investor Resources. Your next question comes from the line of Julian Serafini from Jefferies. So if we can jump to the financial objective for 2020, so let's go to Page 47. So we do not expect to have the same trend for the rest of the year, but it's a proof that our model is resilient. I am now on Page 16, and there is a video which is 23 seconds, so please run the video.[Commercial]. Citigroup upgraded shares of Dassault Systèmes from a "neutral" rating to a "buy" rating in a report on Friday, August 14th. VÉLIZY-VILLACOUBLAY, France — April 23, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the first quarter ended March 31, 2020. VÉLIZY-VILLACOUBLAY, France — April 23, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the first quarter ended March 31, 2020. And as I was telling you, we had a good momentum in aerospace this quarter in Americas. It's also our platform for development. We continue to support it at our own cost by providing this infrastructure for so many innovators around the world. So the new date is in November, and November 17. And here, you have the comparisons compared to initially what was the expectation. By the way, we are recertifying all our people in the company. Good morning. OK. It's growing at plus 6%. And thank you by the way for that. So they like us, they have to do it remotely. DASSAULT SYSTEMES TO PUBLISH ITS THIRD QUARTER 2020 RESULTS, WEBCAST AND CONFERENCE CALL ON OCTOBER 22 nd, 2020. Was it created with the 3DEXPERIENCE, CATIA (+ICEM Surf), SOLIDWORKS, SIMULIA (Abaqus, CST, Simpack, XFlow, etc) brands, or another Dassault Systèmes' software?. And I will, to a certain extent, hire as much as people than the one we are leaving. Dassault Systèmes Provides Preliminary First Quarter 2020 non-IFRS Total Revenue Growth Outlook Preliminary and Unaudited 2020 First Quarter non-IFRS Financial Information (Unaudited, all revenue growth at constant currency and on a non-IFRS basis) * Q1 2020 preliminary total revenue 2.5% to 5% below the low-end of Q120 objectives, reflecting weaker new licenses revenue and lower … Dassault Systemes SE: Dassault Systèmes… And now it's becoming to be critical in what we do. Its world-leading solutions transform the way products are designed, produced, and supported. But let me tell you, we have done a platform that integrates all traditional disperse tools and choice that you can find on mobile. And thanks to our friend and the team, we feel very well together on -- despite the fact that we have been only together for five months, we continue to win new accounts with PPD, a big CRO, contract research organization, a very large one, has made the decision to use Medidata clinical trial and also the data science, data analytics and predictive modeling. Consumer packaged goods retail is also growing at double digits which is obviously driven by the consumptions and also the good performance. And the big difference is the following, 50% of the revenue of Dassault Systèmes now is coming from industry which is not automotive and transporation, industrial equipment and aerospace and defense. The platform will have integrated marketing element in it. So I want to go over Page 21. You have the framework I just explained to you. So difficult to say -- to predict per quarter, but the trend is more positive in that sector. And MyMedidata data is one step further. 2020 Q1. So we are going to launch the Classroom video conference right now.[Commercial]. So that's the reason why I took an additional point. And there's a difference between document-based and science-based. Your line is open. And let's go through this crisis in the most safest way possible. Dassault Systèmes Reports Strong Third Quarter Operational Performance, Confirms its 2020 non-IFRS EPS Objective. But at the same time, consolidation will happen in different sectors of manufacturing. So let's start with the business highlights. Again, when I computed the number, I did a bottom up approach, not only a top down. This sector has been low -- improving slowly in the past 45, 50 years. And two side noes, but which are important, open innovation, those days are becoming critical to bring talents together to provide solutions that were not expected before. And you will see for the full year, we are targeting EUR 3.55 EPS on the low end of the guidance and 3.72% on the high end which is nothing more being flat or plus 2%. I do expect to have an additional churn, probably much more spread across the large company and the small one, because subscription, as you may know, it's relatively easy to adjust depending the capacity. Maybe I'll take the first one Pascal, if you allow me. The contest is over. So it's probably too early to express that it's starting again. We'll come back on this. DASTY has been the subject of a number of other reports. These results were reviewed by the Group’s Board of Directors on April 22, 2020. You mentioned the one extra point of churn for the smaller customers potentially difficulty to this year. So that's the reason why, to come back to your questions, what's -- if I look at the pipe, what has been impacted? It’s one of the few companies so far that has tried to keep a forecast going; we’ll find out later if that was a good idea or a bad one. And this gave us the ability to offset the counterperson of Centric PLM and IQMS, because they were slightly below in terms of operating margins. We did Q1 on plan. And the second thing I took into account is the fact that we expect to have additional churn, mainly coming from the mid-sized market. Moving to the -- some details of the cash flow, I already commented it. And that's the reason why in terms of new license, they decreased by 20%. You need to evaluate a multi set of scenarios in order to take the decisions. To what extent has the customer conversations were not changed versus say the initial point when you made the acquisition? We are -- they are using Medidata for synthetic control arm. We are using it for our partners. And you need to do a lot of engineering upfront. A good example of the momentum we have in life sciences is Hyundai Pharm, the current company, doing pharmaceutical products, but also health food drinks and also medical equipment. VÉLIZY-VILLACOUBLAY, France — April 23, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the first quarter ended March 31, 2020… So the half coming from the non-personnel cost, the way I did it is I looked at the cost structure for '19. Please ask your question. So could you please just confirm that your expectation around Medidata growth for FY '20 overall remains about the same at 13% or any change there? And we are growing at double-digit with Medidata being right on plan. Dassault Systèmes’ Q1 as pre-announced; 2020 will be tough. I hope you have all the details, Adam. It's the only way to do it, and no one is arguing about potentially what could be the impact on my compensation, on my revenue plan, on the way I will manage my cash flow because if they're not selling something, they're going to -- they will not have any cash flow. You'll remember a few years ago, it was almost anecdotic. And the goal of the Capital Market Day is to make a status on the EUR 6 plan, and I think we will be in a much better position to share some analysis and highlight at that time. And on an organic basis, its minus 1% which is not so bad compared to the situations. Pascal, back to you. Point number two, I do not expect to have churn from the large account, as I was clearly stating. And there are partners by the way who are nearly fully aligned. And we are managing the low utilization rate due to the restrictions, and you can see this has an impact on the gross margin, but the gross margin is still positive at 2.9%. Experience-based training, I think this is a breakthrough. We believe that modular applying the manufacturing discipline to construction is still a very valid point. It was initially planned to be mid-May -- mid June, sorry, the 12. And what kind of impact would that have on yourselves? And the reason is because we gave some -- we extended the payment terms for the partners. I'm thinking about the one that I usually would avoid to name them, to not make too much difference, but I think TECHNIA, for example, in Euro North, they are really fully in for the cloud. If the situation is going very bad, maybe we will have to reopen these discussions. Headlines. OK? We gave you some indication for the next 10 years. Dassault Systèmes, the 3D EXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Windchill Quality Solutions: PLM solution — Software Developer in the undefined Industry. Delphine Da Maia-Levy / Dymphna Hawksley, Phone: +33 1 61 62 69 24/7021 Pascal, just a follow-up for question on -- the first question about the non Medidata subscription revenues. And it's also a way for the direct sales when the customers are coming back to us to -- we need to renegotiate sometimes the recurring part of the revenue. We will see consolidation in aerospace and defense, and especially in the supply chain. And on a pure organic basis is growing plus 5%, which is again a good demonstration of the solidity and the resilience of the model. But I want to make a few comments because I was talking with manufacturing, really deep manufacturing companies. Dassault Systèmes Updates Multi-year Growth Plan, Targets 2020-2024 Non-IFRS EPS CAGR of About 13% to €6.00 VÉLIZY-VILLACOUBLAY, France — November 17, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) in conjunction with its 2020 Capital Markets Day being held today, is … The first one, I will do a roadshow in the coming weeks. And the few weeks before the windows closed for us in order to do it, we bought some shares in order to cover all the plan for '20, '21 and '22. Q1 2020 Earnings Conference Call. That's visible. And I already explained my savings plan. Thank you, and enjoy your day. Of course, our goal is to serve our customers, first, those doing complex things. OK. And has that been incorporated into your guidance already or is that potential? François-José Bordonado - VP, IR. July 31, 2020 Dassault Systemes SA (NASDAQ Other OTC:DASTY) $180.84 USD(As of 07/31/2020) Zacks Rank: 2-Buy Style Value: Growth: Momentum: VGM: Target Price $202.00 52 Week High-Low $187.67 - …
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