Dassault Systemes reports solid first quarter results and reaffirms full year objectives
Published on : Friday 26-04-2024
3DEXPERIENCE software revenue was up 29%, reflecting the continued momentum in the adoption of the platform in Transportation & Mobility and Aerospace & Defense.
April 25, 2024 – Dassault Systèmes has announced IFRS unaudited estimated financial results for the first quarter ended March 31, 2024. The Group's Board of Directors approved these estimated results on April 24, 2024.
Pascal Daloz, Dassault Systèmes' Chief Executive Officer, commented:
"In the first quarter, our 3DEXPERIENCE business delivered strong results. A majority of key industry leaders in Manufacturing have now adopted our platform, taking advantage of its science-driven approach, integrative capabilities, and cloud flexibility. Looking ahead, we see large opportunities in Transportation & Mobility, as well as in Aerospace & Defense.
In Life Sciences, as the sector pivots towards patient-centricity, technology transfer from labs to bioreactors, and the utilization of generative AI for faster innovation, we are replicating what we have achieved in other industries by providing an end-to-end platform. This transformation lays the foundation for new sources of sustainable growth.
While we are rooted in the present, we also want to make a positive impact on the world. Shaping the Generative Economy is the next step in our journey. The Generative Economy goes beyond extending virtual twins to living organisms: it's about learning from life to adopt net-positive ways of living ─ giving back to the planet and society more than we take. A more holistic view of the entire life cycles and impact becomes critical.
This holistic approach is made possible through our 3DEXPERIENCE platform, enabling clients to connect data from experience with models from science. Using our generative AI engines, they will nurture circularity and elevate data into valuable knowledge and know-how."
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