Dassault Q3 Revenue Down 8% to 292M Euros with 39M Profit
 PARIS,
France, Oct 29, 2009 - Dassault Systems (DS) (Euronext Paris: #13065, DSY.PA)
reports IFRS unaudited financial results for the third quarter and nine-month
periods ended September 30, 2009, in accordance with Article L.451-1-2 IV of the
French Monetary and Financial Code (Code Monétaire et Financier). These results
have been reviewed by the Company’s Board of Directors.
Summary Financial Highlights (unaudited)
- As recently announced DS plans to acquire the IBM PLM business
operations (“IBM PLM”) for approximately $600 million
- Third Quarter 2009 non-IFRS revenue results in line with DS Q3
objectives; non-IFRS EPS and non-IFRS operating margin above on strong cost
controls; cost-savings reach €100 million yearto- date, ahead of plan
- Net operating cash flow of €234 million year-to-date; cash and
short-term investments of €975 million
- DS updates 2009 financial objectives: reconfirms EPS range, narrows
operating margin objective to mid-point of 25% and lowers revenue range by
€10 million to €1.24 – €1.27 billion
Third Quarter 2009 Financial Summary
*In constant currencies.
Bernard Charlès, Dassault Systems President and Chief Executive Officer,
commented, “More than ever, this quarter illustrates our ongoing commitment to
reconcile short-term execution and long-term strategy.
“Looking at the third quarter, the environment continued to be challenging,
similar to the second quarter. Against this reality, our earnings and operating
margin results came in above our objectives on in-line revenue results, thanks
to the strong execution of our cost savings program. We are on track to not only
achieve, but in fact to exceed our full year savings target, all while
maintaining our R&D and customer support investments in all the industries we
serve.
“The agreement with IBM is very timely to get closer to our clients
delivering unique V6 value for sustainable innovation and expand our partnership
with IBM in services, flexible financing and new enterprise infrastructure.”
Third Quarter 2009 Financial
Review
*In constant currencies
- On a reported basis, IFRS and non-IFRS total revenue decreased 8%
and 9%, respectively, and IFRS and non-IFRS software revenue declined by
8%, reflecting the impact of lower activity, offset in part by favorable
currency impacts.
- On a constant currency basis, non-IFRS software revenue decreased
12% reflecting a decline in new licenses revenue of 37%, offset in part
by recurring software revenue which increased 1% and represented 77% of
total software revenue in the 2009 third quarter.
- Excluding currency effects non-IFRS PLM software revenue declined
11%. CATIA, representing 46% of total non-IFRS software revenue,
decreased 7%. Other PLM software revenue was flat, benefiting from
SIMULIA growth. ENOVIA software revenue was down 34%, reflecting a tough
year-over-year comparison as well as lower large deal activity. The
decrease in Mainstream 3D software revenue of 14% reflected lower new
license revenue offset in part by growth in subscription revenue.
- IFRS net income per diluted share decreased 14% and non-IFRS net
income per diluted share decreased 10%, principally reflecting lower
revenue and lower financial revenue results, offset in part by an 11%
decrease in total operating expenses.
- Global headcount at September 30, 2009 was 7,812 compared to 7,903
and 8,020 at June 30, 2009 and March 31, 2009, respectively.
Nine-Month 2009 Financial Summary
*In constant currencies.
**In the 2008 YTD period DS recorded a €17 million (€0.13 per share) gain on
sale for its prior corporate headquarters facility in other operating income
and expense, net.
*In constant currencies.
- For the first nine months of 2009 IFRS and non-IFRS total revenue was
lower by approximately 4% on a reported basis and by 10% in constant
currencies, reflecting the impact of the global economic recession. Revenue
growth rates on a reported basis benefited from the strengthening of both
the U.S. dollar and the Japanese yen during the 2009 nine-month period in
comparison to the year-ago period.
- Revenue distribution by geographic region for the 2009 nine-month period
remained similar to that of the same period in 2008. As a percentage of
total revenue, Europe represented 46% (46% in 2008 YTD), the Americas
accounted for 31% (31% in 2008 YTD) and Asia represented 23% (23% in 2008
YTD).
- For the first nine months of 2009 IFRS and non-IFRS software revenue was
lower by approximately 9% in constant currencies, reflecting a decrease in
new licenses revenue of 38% offset in part by periodic licenses,
maintenance, and product development revenue growth of 7% (all figures in
constant currencies).
- Non-IFRS recurring software revenue comprised of periodic licenses and
maintenance revenue increased 7% in constant currencies compared to the 2008
nine-month period. Non-IFRS recurring software revenue totaled €604.2
million and represented 76% of total software revenue, compared to €531.7
million and 64% in the 2008 period.
-
IFRS diluted net income per share for the 2009 nine-month period
decreased 35% principally reflecting the year-ago period benefit from the
gain on sale of part of the Company’s prior corporate headquarters facility
as well as the year-over-year decrease in revenue. Non-IFRS net income per
diluted share decreased 13%, principally reflecting lower revenue activity.
Cash Flow and Other Financial Highlights
IFRS net operating cash flow was €56.6 million and €233.9 million for the
three- and nine-month periods ended September 30, 2009, respectively.
Cash and short-term investments totaled €975.0 million at September 30, 2009,
compared to €840.4 million at December 31, 2008. The Company’s net financial
position amounted to €774.8 million at September 30, 2009, net of outstanding
debt consisting of €200.2 million of financial long-term debt.
Key Business and Corporate Highlights
On October 26th, Dassault Systems and IBM announced their intent to integrate
the IBM PLM sales force within DS and to sign a new global alliance to expand
PLM in all industries. DS and IBM signed a definitive agreement whereby DS would
acquire the IBM sales and client support business operations encompassing DS PLM
software application portfolio, as well as customer contracts and related assets
(“IBM PLM”), for approximately $600 million in cash. DS and IBM also defined the
next steps in their long-standing relationship, with plans to establish DS as a
strategic IBM global alliance partner and to expand their services partnership.
On October 21st, DS announced that HydroChina Chengdu Engineering Corporation
(CHIDI), one of China’s largest hydropower investigation and design enterprises,
has successfully implemented Dassault Systems’ PLM solutions to facilitate
investigation, design, and collaborative management of hydropower plants. CHIDI
has significantly shortened project timelines, reduced total costs, and improved
the collaboration between cross-functional teams of designers and engineers.
On September 1st, DS announced that Boston Apparel Group has selected DS’
ENOVIA V6 solution including the ENOVIA Apparel Accelerator for Design and
Development and the ENOVIA Apparel Accelerator for Sourcing and Production to
provide the foundation for managing the company’s key business processes and
ensuring the delivery of new product lines.
On September 1st, DS SolidWorks unveiled the SolidWorks® 2010 product line, a
new set of software products that optimize the core product design functions
that make designers and engineers successful every day. Through the use of CAD,
simulation, data management, documentation, and environmental impact assessment,
organizations will transform their inspirations into innovation, supported by a
vibrant community of CAD users, content, technology, and expertise. This new
SolidWorks product line also improves depth and performance by extending the DS
SolidWorks tradition of including hundreds of new enhancements specifically
requested by customers.
In September DS launched 3DVIA Mobile, an iPhone and iPod touch application
that allows users to search, share and interact with the growing library of high
quality 3D models on www.3DVIA.com. The addition of 3DVIA Mobile brings 3DVIA a
powerful platform for delivering unique, online 3D experiences, directly into
the hands of a fast growing community of mobile users. With 3DVIA Mobile, users
can find realistic 3D content from DS’ library and immediately enrich their
photos, right on the iPhone. They download and position the model on a picture
for an instant 3D mash-up that blends 3D digital data with the physical world.
On August 11th, DS announced it was selected by Dana Holding Corporation for
design simulation management. Dana Holding Corporation, a global vehicular
supplier, has selected SIMULIA SLM as its simulation lifecycle management
solution to enhance product development decision-making processes and support
key business objectives.
Business Outlook
Thibault de Tersant, Senior Executive Vice President and CFO, commented, “We
were pleased to deliver strong sequential growth in both earnings and operating
margin in spite of the seasonal sequential decrease in revenue. Through the
dedicated efforts of all our employees worldwide we have been able to achieve
€100 million in cost savings year-to-date, ahead of our plans.
“Based upon our current visibility we think it is realistic to target a full
year revenue objective of about €1.24 to €1.27 billion, which is just €10
million below our former objective. Thanks to our cost reduction results, we are
reconfirming our non-IFRS operating margin objective of about 25% and our
non-IFRS earnings objective of €1.76 to €1.91.
“The proposed acquisition of IBM PLM, which is expected to be completed
during the 2010 second quarter, should be accretive to both our earnings and
operating margin on a non-IFRS basis and will be instrumental to support our
long-term growth strategy.”
The Company’s objectives are prepared and communicated only on a non-IFRS
basis and are subject to the cautionary statement set forth below. The Company’s
current objectives are the following:
- Fourth quarter 2009 non-IFRS total revenue objective range of about €325
to €355 million and non-IFRS EPS range of about €0.58 to €0.73;
- 2009 non-IFRS total revenue objective growth range of about (10%) to
(7%) in constant currencies (€1.24 to €1.27 billion based upon the 2009
currency exchange rate assumptions below);
- 2009 non-IFRS operating margin of about 25%;
- 2009 non-IFRS EPS range of about €1.76 to €1.91;
- Objectives are based upon exchange rate assumptions for the 2009 fourth
quarter of US$1.50 per €1.00 and JPY140 per €1.00 and a full year average of
US$1.40 per €1.00 and JPY132 per €1.00.
The non-IFRS objectives set forth above do not take into account the
following accounting elements and are estimated based upon the 2009 currency
exchange rates above: (i) deferred revenue write-downs estimated at
approximately €1 million for 2009; (ii) share-based compensation expense
estimated at approximately €22 million for 2009, and (iii) amortization of
acquired intangibles estimated at approximately €42 million for 2009. The above
objectives do not include any impact from other operating income and expense,
net principally comprised of restructuring expenses. These estimates also do not
include any new stock option or share grants, or any new acquisitions or
restructurings completed after October 29, 2009.
Webcast and Conference Call Information
Dassault Systems will host an analyst meeting in London which will be
webcasted and a conference call today, Thursday, October 29, 2009. Management
will host the webcast at 8:30 AM London time/9:30 AM CET time and will then host
the conference call at 10:00 AM New York time /2:00 PM London time/3:00 PM CET.
The webcast and conference call will be available via the Internet by accessing
http://www.3ds.com/company/finance/. Please go to the website at least
fifteen minutes prior to the webcast or conference call to register, download
and install any necessary audio software. The webcast and conference call will
be archived for 30 days.
Additional investor information can be accessed at
http://www.3ds.com/company/finance/ or by calling Dassault Systems’ Investor
Relations at 33.1.61.62.69.24.
Forward-looking Information
Statements herein that are not historical facts but express expectations or
objectives for the future, including but not limited to statements regarding the
Company’s non-IFRS financial performance objectives, are forward-looking
statements.
Such forward-looking statements are based on DS management's current views
and assumptions and involve known and unknown risks and uncertainties. Actual
results or performances may differ materially from those in such statements due
to a range of factors. In preparing such forward-looking statements, the Company
has in particular assumed an average U.S. dollar to euro exchange rate of
US$1.40 per €1.00 and an average Japanese yen to euro exchange rate of JPY132 to
€1.00 for the 2009 full year; however, currency values fluctuate, and the
Company’s results of operations may be significantly affected by changes in
exchange rates. The Company has tried to factor in the potential impact of the
current global economic crisis on its 2009 fourth quarter and full year
objectives, but conditions could worsen. Further the Company has assumed that
its increased responsibility for both indirect and direct PLM sales channels,
and the resulting commercial and management challenges, will not cause it to
incur substantial unanticipated costs and inefficiencies. The Company’s actual
results or performance may also be materially negatively affected by the current
global economic crisis, difficulties or adverse changes affecting its partners
or its relationships with its partners, including the Company’s longstanding,
strategic partner, IBM; new product developments and technological changes;
errors or defects in its products; growth in market share by its competitors;
and the realization of any risks related to the integration of IBM PLM within DS
and of any newly acquired company and internal reorganizations. Unfavorable
changes in any of the above or other factors described in the Company’s
regulatory reports, including the Document de reference, as filed with the
French “Autorité des marches financiers” (AMF) on April 2, 2009, could
materially affect the Company’s financial position or results of operations.
Non-IFRS Financial Information
Readers are cautioned that the supplemental non-IFRS (previously referred to
as “adjusted IFRS”) information presented in this press release is subject to
inherent limitations. It is not based on any comprehensive set of accounting
rules or principles and should not be considered as a substitute for IFRS
measurements. Also, the Company’s supplemental non-IFRS financial information
may not be comparable to similarly titled non-IFRS measures used by other
companies. Further specific limitations for individual non-IFRS measures, and
the reasons for presenting non-IFRS financial information, are set forth in the
Company’s annual report for the year ended December 31, 2008 included in the
Company’s 2008 Document de reference filed with the AMF on April 2, 2009.
In the tables accompanying this press release the Company sets forth its
supplemental non-IFRS figures for revenue, operating income, operating margin,
net income and diluted earnings per share, which exclude the effect of adjusting
the carrying value of acquired companies’ deferred revenue, stock-based
compensation expense, the expenses for the amortization of acquired intangible
assets and other income and expense, net (in each case, as explained
respectively in the Company’s 2008 Document de reference). The tables also set
forth the most comparable IFRS financial measure and reconciliations of this
information with non-IFRS information.
Information in Constant Currencies
When the Company believes it would be helpful for understanding trends in its
business, the Company provides percentage increases or decreases in its revenue
(in both IFRS as well as non-IFRS) to eliminate the effect of changes in
currency values, particularly the U.S. dollar and the Japanese yen, relative to
the euro. When trend information is expressed herein "in constant currencies",
the results of the "current" period have first been recalculated using the
average exchange rates of the comparable period in the preceding year, and then
compared with the results of the comparable period in the preceding year.
About Dassault Systems
As a world leader in 3D and Product Lifecycle Management (PLM) solutions,
Dassault Systems brings value to more than 115,000 customers in 80 countries. A
pioneer in the 3D software market since 1981, Dassault Systems develops and
markets PLM application software and services that support industrial processes
and provide a 3D vision of the entire lifecycle of products from conception to
maintenance to recycling. The Dassault Systems portfolio consists of CATIA for
designing the virtual product - SolidWorks for 3D mechanical design - DELMIA for
virtual production - SIMULIA for virtual testing - ENOVIA for global
collaborative lifecycle management, and 3DVIA for online 3D lifelike
experiences. Dassault Systems’ shares are listed on Euronext Paris (#13065,
DSY.PA) and Dassault Systems’ ADRs may be traded on the US Over-The- Counter
(OTC) market (DASTY). For more information, visit
http://www.3ds.com.
DASSAULT SYSTEMES
NON-IFRS KEY FIGURES
(unaudited; in millions of Euros, except per share data, headcount and exchange
rates)
Non-IFRS key figures exclude the effects of adjusting the carrying value of
acquired companies’ deferred revenue, stock-based compensation expense,
amortization of acquired intangible assets, and other operating income and
expense, net.
Comparable IFRS financial information and a reconciliation of the IFRS and
non-IFRS measures are set forth in the proceeding tables.
Three months ended Nine
months ended
Sept30 Sept30, Change Change Sept30 Sept30,Change Change
2009 2008 in
cc* 2009 2008
in cc*
Non-IFRS Revenue €291.8 €319.7 (9%) (12%) €913.7
€953.8 (4%) (10%)
Non-IFRS Revenue breakdown by activity
Software revenue
255.7 277.9 (8%) (12%) 800.1
825.5 (3%) (9%)
of which new
licenses revenue 59.0 90.5 (35%) (37%)
193.0 292.4 (34%) (38%)
of which periodic
licenses, maintenance
and product development
revenue 196.7 187.4
5% 1% 607.1 533.1
14% 7%
Services and other
revenue 36.1
41.8 (14%) (17%) 113.6 128.3 (11%)
(17%)
Recurring software
revenue 196.4
186.1 6% 1%
604.2 531.7 14% 7%
Non-IFRS software revenue breakdown by product line
PLM software
revenue 194.8
210.3 (7%) (11%) 603.3 624.3
(3%) (9%)
of which CATIA
software revenue 118.8 122.5 (3%) (7%)
353.2 371.8 (5%) (10%)
of which ENOVIA
software revenue 30.0 43.8 (32%) (34%)
104.2 125.4 (17%) (22%)
Mainstream 3Dsoftware
revenue 60.9
67.6 (10%) (14%) 196.8 201.2 (2%)
(9%)
Non-IFRS Revenue breakdown by geography
Americas
89.2 102.7 (13%) (17%) 283.6
292.7 (3%) (13%)
Europe 134.8
146.2 (8%) (7%) 416.7
442.2 (6%) (5%)
Asia
67.8 70.8 (4%) (16%) 213.4
218.9 (3%) (15%)
Non-IFRS operating
income €74.5
€75.9 (2%) - €203.0
€227.9 (11%) -
Non-IFRS operating
margin 25.5%
23.7% - -
22.2% 23.9% - -
Non-IFRS net
income 52.2
58.7 (11%) - 139.5
162.4 (14%) -
Non-IFRS diluted net income
per share €0.44 €0.49
(10%) - €1.18 €1.36
(13%) -
Closing headcount 7,812 7,825 (0%)
7,812 7,825 (0%) -
Average Rate USD
per Euro 1.43 1.50
(5%) - 1.37
1.52 (10%) -
Average Rate JPY
per Euro 133.8 161.8
(17%) - 129.5 161.0
(20%) -
*In constant currencies.
DASSAULT SYSTEMES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (IFRS)
(unaudited; in millions of Euros, except per share data)
Three months ended Nine months ended
Sept30 Sept30 Sept30
Sept30
2009 2008
2009 2008
New licenses revenue
59.0 90.5
193.0 292.4
Periodic licenses, maintenance
and product development revenue 196.6 186.0
605.7 531.2
Software revenue
255.6 276.5
798.7 823.6
Services and other revenue 36.1
41.8 113.6
128.3
Total Revenue
€291.7 €318.3 €912.3
€951.9
Cost of software
revenue
(excluding amortization of
acquired intangibles)
(12.7) (14.3) (40.8)
(41.7)
Cost of services and
other
revenue
(32.3) (37.6) (105.8)
(112.1)
Research and development (73.3)
(78.1) (235.7) (228.4)
Marketing and sales
(81.7) (91.3) (267.1)
(279.0)
General and administrative (22.9)
(26.5) (79.7) (78.5)
Amortization of acquired
intangibles
(9.6) (9.8) (32.2)
(28.4)
Other operating income
andexpense, net
(2.5) (6.2) (11.7)
8.5
Total Operating
Expenses (€235.0) (€263.8)
(€773.0) (€759.6)
Operating Income
€56.7 €54.5 €139.3
€192.3
Financial revenue and
other, net(0.8) 9.9
(5.0) 10.1
Income before income taxes 55.9
64.4 134.3 202.4
Income tax expense
(17.4) (20.1) (41.3)
(57.8)
Net
Income
38.5 44.3
93.0 144.6
Minority interest
(0.1) (0.1)
(0.2) (0.2)
Net Income
attributable to
equity holders of the parent €38.4
€44.2 €92.8 €144.4
Basic net income per
share 0.33
0.37 0.79
1.23
Diluted net income per share €0.32 €0.37 €0.78 €1.21
Basic weighted average shares
outstanding (in millions) 117.6 117.9 117.5 117.5
Diluted weighted average
shares outstanding (in millions)118.6 119.9 118.3
119.5
DASSAULT SYSTEMS
CONDENSED CONSOLIDATED BALANCE SHEETS (IFRS)
(unaudited; in millions of Euros)
Sept 30 Dec 31
2009 2008
ASSETS
Cash and cash
equivalents
831.5 794.1
Short-term investments
143.5 46.3
Accounts receivable, net
246.3 329.4
Other current assets
106.4 138.4
Total current assets
1,327.7 1,308.2
Property and
equipment, net
62.2 69.3
Goodwill and Intangible assets, net
662.9 722.0
Other non current assets
83.1 42.5
Total Assets
€2,135.9 €2,142.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable
75.4 70.1
Unearned revenues
223.6 250.7
Other current liabilities
181.0 202.2
Total current liabilities
480.0 523.0
Long-term debt
200.2 200.7
Other non current obligations
122.4 113.8
Total long-term liabilities
322.6 314.5
Minority interests
1.1 1.6
Parent shareholders' equity
1,332.2 1,302.9
Total Liabilities and Shareholders' equity
€2,135.9 €2,142.0
----------
If news like this is important to you,
sign up for
TenLinks Daily, our free newsletter.
----------
See Also
Dassault Systems Website
CATIA directory - by TenLinks.com
CATIA
Reading Room - articles, tutorials, reviews and news, by
CADdigest.com
Additional News
Jan 8 - Dassault Sponsors 5th Annual EyesOn Design Competition
Dec 16 - Russian Space Agency JSC ISS Reshetnev Uses CATIA, ENOVIA
Dec 1 - Dassault 3DVIA Composer Integrates with KineoWorks
Nov 25 - Dassault Shows Virtual Pavillion at Shanghai Expo
Nov 18 - Dassault, IBM, Panasonic Join to Develop Cooking Appliances
Nov 18 - Dassault Offers Collaborative Innovation Initiative for CPG
Nov 17 - Dassault Launches V6R2010x PLM 2.0 Platform
Nov 17 - Zaha Hadid Architects Expands Use of Gehry Digital Project
Nov 17 - Germany's STIHL Selects Dassault DELMIA Process Engineer
Nov 17 - Dassault, Sogeti Publish Digital Manufacturing Book
Nov 16 - UAE's KUSTAR to Use Dassault PLM, 3D Products
Nov 16 - DASBAT to Sell Dassault Products in Abu Dhabi
Nov 16 - SM Saudi Arabia to Sell Dassault Products
Nov 9 - Dassault, artizone Join to Support ENOVIA SmarTeam V5
Nov 5 - Dassault, India's JBM Announce Strategic Partnership
Nov 5 - Dassault Launches ENOVIA CSM High Tech PLM Platform
Oct 29 - Dassault Q3 Revenue Down 8% to 292M Euros with 39M Profit
Oct 27 - Dassault to Acquire IBM PLM for $600M
Oct 22 - CHIDI Picks Dassault PLM for Hydropower Plants
Oct 22 - Taiwan's OCU Selects Dassault 3DVIA Composer
Oct 22 - Dassault to Offer CATIA V4 R2.5 Support Until 2011
Oct 15 - Dassault to Support Phiaro Design Contest at Tokyo Show
Oct 6 - Dassault Customer Conference in Orlando Opens Today
Oct 6 - Dassault Picks blueKiwi Web 2.0 Community Platform
Oct 5 - Austria's Ars Electronica Selects Dassault 3DVIA Virtools
Sep 23 - Dassault Offers 3DVIA Mobile App for iPhone, iPod Touch
Sep 17 - Entergy Nuclear Picks Dassault CATIA, DELMIA
Aug 27 - Germany's ATG Picks Dassault DELMIA
Aug 26 - Oakland University, Dassault Join to Offer PLM Short Course
Aug 26 - Sweden's Komatsu Forest Selects Dassault 3DVIA Composer
Aug 26 - Dassault Launches Online Community for Aerospace, Defense
Aug 6 - Focus: HOPE Selects Dassault DELMIA, CATIA
Aug 4 - 3DVIA Supports COLLADA .dae Format
Jul 30 - Dassault Q2 Revenue Down 5% to 311M Euros with 26M Profit
Jul 9 - Pentair Deploys Dassault ENOVIA, Microsoft SQL Server 2005
Jul 2 - Brazil's T-Systems, Dassault Expand Automotive Partnership
Jun 29 - Renault Selects Dassault Full V6 PLM Portfolio
Jun 26 - Italy's Eldo Selects Dassault ENOVIA Apparel Accelerator
Jun 23 - Dassault Launches V6R2010 PLM Platform
Jun 23 - 3DVIA.com to Offer 'Ready-to-Use' 3D Models
Jun 22 - France's blueKiwi, Dassault Join for Social Innovation
Jun 18 - Ukraine's Antonov ASTC to Extend Use of Dassault Products
Jun 9 - 3DVIA.com Passes 100,000-Member Mark
Jun 9 - Energy Service Firm Sanjel Corp Picks SolidWorks
Jun 8 - UK Wind Energy Firm quietrevolution to Use CATIA
Jun 5 - Tata Technologies Named a 'Best Reseller' by Dassault
Jun 5 - 3DVIA Used to Create Online Shanghai World Expo
June 3 - Germany's Fraunhofer IAO to Use DELMIA
June 2 - Japan's Utsunomiya University Picks CATIA
May 28 - Dassault 3DVIA Used in Modeling for Mobi3 Program
Apr 27 - DSCC 2009 Call for Presentation Extended to April 30
Apr 16 - Dassault Expects Q1 Revenue Flat at 310M Euros
Apr 14 - Dassault Co-Sponsors SAE 2009 Opening Ceremonies
Mar 27 - Dassault India Names Andy Kalambi as President
Mar 26 - Dassault Plans 2009 Customer Conference in October, Florida
Mar 12 - Dassault Touts 'Single Digital Software Environment' at BMW
Feb 19 - Dassault Forms Strategic Alliance with Intercim
Jan 29 - 3D ContentCentral 09 Includes Array of Self Publishing Tools
Jan 26 - Jaguar Land Rover, Abbott Vascular to Speak at 09 SIMULIA
Jan 20 - Austrian Felder KG Selects Dassault 3DVIA Composer
Jan 16 - Dassault Expects Q4 Revenue Up 3% to €382M
Jan 16 - Dassault Sponsors 4th Annual EyesOn Design Competition
Jan 16 - Dassault Dominates Automotive Design
Dec 24 - Korea's STX Shipbuilding Deploys Dassault ENOVIA
Dec 17 - Brazil's Semcon/IVM Selects Dassault CATIA
Dec 17 - Japan's Kana Tech College Selects Dassault CATIA
Dec 9 - Israel's ISCAR Selects IBM, Dassault ENOVIA SmarTeam, CATIA
Dec 8 - Chanel Research, Dassault Partner for Life Sciences
Nov 26 - EADS Selects Dassault, IBM PLM Products
Nov 26 - Dassault Launches DS Design Studio
Nov 25 - Dassault Launches V6R2009x PLM Platform
Nov 12 - Bell Helicopter Standardizes on Dassault ENOVIA, CATIA
Oct 29 - Dassault Q3 Revenue Up 6% to 318M Euros with 43M Profit
Oct 29 - P&G Expands Use of ENOVIA to 'Enterprise Wide' PLM
Oct 6 - Dassault Q3 Conference Call on October 29, 10AM ET
Oct 1 - Dassault, Creaform Sign VAR Agreement for Europe
Sep 24 - Dassault, CENIT Launch NAVAL ARCHITECT for Boat Design
Sep 23 - Dassault Releases V5R19 PLM Portfolio
Sep 22 - Dassault Announces Virtual Earth-3DVIA
Sep 15 - Dassault Offers Free 3DVIA Shape 2.0 for 3D Modeling
Sep 3 - Dassault Confirms Siemens Trade Secret Violation
Jul 31 - Dassault Q2 Revenue Up 7% to 326M Euro with 42.5M Profit
Jul 9 - Dassault Renews R&D Support for K-Challenge
Jul 8 - Dassault Gets Microsoft's ISV Technology Partner Award
Jul 8 - Dassault Releases ENOVIA High Tech Accelerator
Jul 7 - Stephane Massas Joins Dassault as VP HR Europe
Jul 7 - Dassault, Sogeti Signs Industry Solution Partnership
Jul 2 - Dassault Spins Off France Sales Division to Keonys
ENOVIA Press Releases
SIMULIA Press Releases
SMARTEAM News
Source: Material used in press releases is often supplied by external
sources and used as is. |
