New licenses revenue increased 18%, led regionally by Asia and well supported by double-digit growth in the Americas and Europe. ENOVIA delivered a very high year-over-year increase in new licenses revenue.
Recurring software revenue rose 6%, reflecting growth in maintenance from higher new licensing activity, strong maintenance renewals and rental licensing led by SIMULIA.
IFRS PLM software revenue was up, led by ENOVIA.
SolidWorks software revenue increased on double-digit growth in both new licenses revenue and recurring software revenue. New commercial seats licensed in the quarter totaled 13,408.
IFRS earnings per diluted share increased to €0.58.
Summary Business, Technology and Corporate Highlights
PSA Peugeot Citroën improves powertrain digital manufacturing efficiency with Dassault Systèmes solutions. On February 16th, Dassault Systèmes announced that PSA Peugeot Citroën has deployed DELMIA in its powertrain division, extending Dassault Systèmes’ footprint in the digital manufacturing domain. Replacing solutions from the competition, DELMIA now supports assembly simulation, painting, factory layout, stamping and powertrain. PSA Peugeot Citroën works with the same tools and methodologies in all major departments of the group.
As announced in a separate press release today, Dassault Systèmes has created a new brand, GEOVIA, which aims to model and simulate the planet. As a first step in this initiative, Dassault Systèmes and Gemcom Software International, a leading software company in the mining industry, signed a definitive agreement pursuant to which Dassault Systèmes will acquire Gemcom Software International for cash consideration of approximately USD360 million. The completion of the acquisition is subject to normal closing conditions, including regulatory approvals. The transaction is expected to be completed in July 2012. See News Item below this entry.
Thibault de Tersant, Senior Executive Vice President and CFO, commented, “Our very healthy new licenses revenue results benefited from our industry and geographic diversification strategies. During the first quarter, we saw broad growth across new industries and a strong dynamic in high growth countries.”
“Looking ahead, we anticipate a continued good trend in the second quarter. With respect to the second half of 2012, while we remain optimistic on our business, we believe it is appropriate to maintain our cautious stance given the volatility of the economic environment. Therefore, we are updating our 2012 fiscal year financial objectives for the full amount of the first quarter over-performance, and are updating our currency assumptions. We are leaving unchanged our underlying revenue growth assumptions in constant currencies for the remainder of the year in total.”
Dassault Systèmes self description
Dassault Systèmes, the 3D Experience Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 150,000 customers of all sizes, in all industries, in more than 80 countries. For more information, visit www.3ds.com.
CATIA, SolidWorks, ENOVIA, SIMULIA, DELMIA, 3D VIA, 3DSwYm, EXALEAD, and Netvibes are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries.
Dassault Systemes News
Dassault Systèmes To Acquire Gemcom Software International
Expanding 3DExperience to Nature
On April 26, 2012
Dassault Systèmes announced its intent to acquire geological modeling and simulation company Gemcom Software International (Gemcom) for approximately US$360 million. Privately-held Gemcom is the world leader in mining industry software solutions, headquartered in Vancouver.
“With the acquisition of Gemcom, coupled with our 3D Experience platform capabilities, our objective is to model and simulate our planet, improving predictability, efficiency, safety and sustainability within the Natural Resources industry and beyond,” said Bernard Charlès, President and CEO, Dassault Systèmes. “To support this ambitious goal, we have created a new brand, GEOVIA. Raw material provisioning and long term resource availability is a major concern for society. Today’s announcement is a significant step towards fulfilling our purpose of providing 3D experiences for imagining sustainable innovations to harmonize products, nature and life.”
Today’s mining industry, the primary user of Gemcom’s software, is growing quickly. There are more than 5,500 operating mines worldwide and approximately 15,000 mining projects. The associated mining software market is experiencing strong growth, with third-party analysts estimating a double digit trend for the foreseeable future.
”This acquisition will clearly benefit Gemcom’s customer base, bringing global support and enterprise collaboration. Advanced technologies in 3D modeling and simulation will not only enable engineers and geologists to model and visualize resources but also improve sustainable mine productivity,” said Rick Moignard, President and CEO, Gemcom. “We believe that with Dassault Systèmes’ support we will be able to address global issues for our customers as a real partner. None of our competitors can match that in this industry.” Rick Moignard will become the CEO of the newly created GEOVIA brand, after completion of the Gemcom acquisition.
After the closing of the transaction, Gemcom’s 360 employees and management will remain in place and continue serving the mining industry. By leading the new GEOVIA organization, Gemcom’s management will champion the further development of Dassault Systèmes’ strategy of modeling the natural world. In addition, Gemcom’s current offices will further extend the overall geographic reach of Dassault Systèmes in Australia, Africa, Canada, South America, Kazakhstan, Mongolia, Indonesia, and Russia.
Dassault Systèmes and Gemcom have entered into a definitive acquisition agreement whereby Dassault Systèmes will acquire Gemcom in an all cash transaction. The completion of the acquisition is subject to normal closing conditions, including regulatory approvals. The transaction is expected to be completed in July 2012, and Gemcom to be accretive to Dassault Systèmes non-IFRS earnings,
About Gemcom Software International
When mining companies seek to increase mine productivity, they turn to Gemcom for technology and services. The Company is home to world-renowned mining solutions like GEMS, Surpac, Minex, Whittle, and InSite, and to industry thought leaders who are pushing the boundaries of what’s possible in mining. Established in 1985, Gemcom is privately held and owned by JMI Equity Fund VI, L.P., the Carlyle Group, Pala Investments Holdings Limited and has a global reach delivering comprehensive solutions in all major mining centres in more than 130 countries. Every major mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of mining software solutions. For more information, visit www.gemcomsoftware.com.
2012 PTC (NASDAQ:
PMTC ) reported financial results for its fiscal quarter ended March 31, 2012, which corresponds to the Nominal Q1 for EDA/MCAD Almanac reporting purposes.