Q3 2025 Dassault Systemes SE Earnings Call Transcript
Key Points
- Dassault Systemes SE (DASTF) reported a solid financial performance with a 5% revenue growth and a 10% EPS growth year-over-year.
- The 3DEXPERIENCE platform is driving a shift to subscription and recurring revenue growth, with subscription revenue growing by 16% this quarter.
- The company is winning significant contracts with top industrial companies, laying a foundation for long-term value creation.
- Operating margins improved by 100 basis points year-over-year, driven by productivity gains and cost discipline.
- Recurring revenue was strong, up 9% in the quarter, highlighting a solid acceleration compared to 7% year-to-date.
- MEDIDATA and Centric performed softer than expected, with MEDIDATA experiencing a 3% decline in growth.
- The company adjusted its full-year revenue outlook to 4% to 6% growth, down from the previous 6% to 8% growth target.
- There is increasing macro volatility, which could impact the timing of closing large transactions.
- Upfront license revenue declined by 13% as clients continue to adopt the subscription model.
- The transition to a SaaS model for Centric is ongoing, and the company is facing challenges in balancing the effects of clinical trial activity declines.
Hello, and welcome to Dassault Systèmes third quarter 2025 presentation. (Operator Instructions)
I will now hand over to your host, Stacy Pollard, to begin today's conference. Please, madam, go ahead.
Hi. This is Stacy Pollard with the Dassault Systèmes. Thank you for joining our third quarter 2025 earnings conference call with Pascal Daloz, our Chief Executive Officer; and Rouven Bergmann, our Chief Financial Officer.
Before we begin, some quick notes. Dassault Systèmes results are prepared in accordance with IFRS. The financial figures discussed on this conference call are in 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 2024 universal registration document.
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