And really the phenomenon related to this understanding from the DNA and the behavior of this virus, how it could be mitigated, that's a very clear illustration why we invest in science and Dassault Systèmes. So we still have 60% to renew for the rest of the year, but we are close to have down half which is in the -- given the situation, probably not so bad. That's the reason why we are lending to plus 26% to plus 27% ex-FX for the full year. And most of the players that are coming from the optimizations, but they do not have the ability to develop new models. First of all, I think this quarter revealed a lot of things of what we have been told to you for almost a few years. The following slide deck was published by Dassault Systèmes SE in conjunction with their 2020 Q1 earnings call. Two follow up well for me. Let's start with the manufacturing industry which represents 70% of the revenue of Dassault Systèmes. And more important, the operating margin is also on target. All the people engaging large project transformations because right now, the mindset is not yet there. 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. And 2020 is a significant year for the ramp-up. The contest is over. In fact, it's mainly coming from the DSO. The gap in terms of revenue coming from the activity is EUR 370 million. That's the reason why we are fully operational. But the reality, when you look at the world today, even advanced hospital, we're having extreme complexity to just establish confinement area. Our capex would not change, because it's relatively consistent year over year. And by the way, Q1 Medidata is right on this plan. Please refer to our risk factors in our 2019 Document de référence. And we saw a lot of add-on sales, if you want, on the existing customers, our installed base and also new customers is coming to us. And therefore, there's maybe limited risk to those being reduced in terms of scope? And for the personnel-related costs, the commitment we took is, point number one, we will not lay off. It helps organizing your data quite effectively. You can see the overall performance for the quarter is minus 1% which is strictly in line with the performance of CATIA, and the performance for ENOVIA is minus 11%. You can navigate -- customers will be able to navigate the platform to look at what other industries are doing. On the -- related to Dassault Systèmes and Medidata together, I participated to several reviews with the team, with Director of Glen, to co-founder of Medidata, and we participated to top executive calls with the sector. We launched a marketing program, whereby you have some incentives. 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. So they can be used for construction, manufacturing, operation and maintenance with smart buildings. Its a complete PLM solution for an organization. April 23, 2020, 09:00 ET. But the recurring revenue is on target, with 30% growth compared to the 28%, 30% we were targeting. The revenue is coming 2.5% below the low end objective, and you are aware of that. You're right. And on an organic basis, its minus 1% which is not so bad compared to the situations. And I rebase the budget accordingly. For an understanding of the differences between the IFRS and non-IFRS, please see the reconciliation tables included in our press release. And from an -- from the dilutions coming from the acquisitions, Medidata did a little bit better compared to the plan. My Medidata, as I shared with you in the announcement today, I'm excited with that. But we are finding our way, that's my message to you. Of course, it takes time for these Executive Committees to make up their mind about how to evolve with their digital road map. So that's point number one. And thank you by the way for that. Clearly, what differentiates us, more, and I think everyone should -- and there is a cost to it, is the fact that we focus on the science aspect. 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. The second thing is science. Mohamed Moawalla -- Goldman Sachs -- Analyst. That's clearly a big step. And the reason is because again if you look at what we do and you look at the situation, we are bringing to them a tremendous value. Do not have the numbers in mind, but it's somewhere around 10% to 15%. 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. Zooming to the mainstream innovations. If you move to the infrastructure and cities, representing 10% of the revenue, we are growing at double-digit despite the fact that these sectors have been severely impacted by the crisis. And as I was telling you, we had a good momentum in aerospace this quarter in Americas. So I want to go over Page 21. Apr 23rd, 2020 Learn more. MyMedidata I think will be something that is going to be a game changer to expand from professional clinical trial to use the infrastructure for more generic therapeutics implementation. It was less in Japan. And later in the presentation, I will give you the example of what we do in China. Thank you very much. That's where it's coming from. And as you may know, Veeva is a new players in this field. Compare verified reviews from the IT community of Dassault Systèmes vs PTC in Quality Management System Software. But we have good reasons to believe that before the end of the year, it will restart. It's a different new set of practices. But the growth is -- for the full year is -- so far is for the quarter is plus 7%. Are they rolling one year renewals that could be reduced on January 1 of next year, for example or are they typically multiyear contracts. Your line is open. Asia, overall, the new license decreased by minus 20%. The point is Medidata is right on plan, growing at 13%, 1, 3, which is fully in line with the plan. Data Provided by Refinitiv. So the consequences are significant. Pascal Daloz -- Chief Operations Officer and Chief Financial Officer. And it's also highlighting the fact that we made a lot of progress in this space. And 29 -- on Page 29, we believe that the supply chain which are very static in poor ERP systems today, can be much more agile and dynamic with resource reallocation based on the needs and sensitivity of the geographies or sensitivities of the suppliers involved. That's the key highlights for the quarter. Dassault Systèmes will release its first quarter 2020 financial results on April 23, 2020, as previously disclosed. Your line is open. Let me now introduce Bernard Charlès. And I think it's a good practice, and this practice is still valuable in this time frame. Now we see the OEMs being impacted by the situation. We continue to support it at our own cost by providing this infrastructure for so many innovators around the world. Yeah. And your last question comes from the line of Alexander Tout from Deutsche Bank. Please ask your question. But maybe could you go into a little bit more detail there around how new licenses performed through the quarter? So I do expect the consolidations to trigger new programs for us. 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. 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. So moving from 28% to 26%, 27%. ET. Thank you. Maybe I'll take the first one Pascal, if you allow me. Contents: ... And I would like to welcome you to Dassault Systèmes first-quarter 2020 webcasted presentation meeting. 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. 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 So that's the reason why I took an additional point. 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. Part of the plan is based on the fact that we have some duration for the lockdown. So obviously, you have the contribution of Medidata. 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 - … So there is no discrepancy. And the services revenue being minus 3% to plus 6%, depending if we are capable to work differently with some of our customers. Recurrent revenue which is consistent with what we saw to a certain extent in Q1, I'm expecting the recurring revenue to be probably a little bit more impacted H2 due to the lack of new license and probably the churn, who will be increasing a little bit. And especially maybe talking about what you're thinking about from a new rental or new subscription business. But I think we are changing the game of their thought process. And Pascal will give you a very comprehensive view of that, a framework of thoughts, because it's very difficult to provide one number without having the articulation of the basis of it. Above and first of all, before I go through the highlights, I want to really mention that we have been able to -- with our people to really continue the operation globally, thanks to their incredible focus, even though they were all working from home. So let's start with the business highlights. And we are having an increased clarity about how we should proceed to basically win. That's not a light commitment. This sector has been low -- improving slowly in the past 45, 50 years. It's also our platform for development. 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… Thanks very much. And to a certain extent, I discovered that we are almost on the same patterns. And there are many more we need to work on. I was amazed to discover certain cockpits that people have been setting up at home like the one at the center page here, where this is a friend of one of our colleagues in Dallas, in America, Texas. It's more secure, more integrated, but we need to make it visible to the market. In terms of -- for the full year, we will probably have some impact on the cash flow. Q1 2020 Earnings Conference Call. I will not comment it again because I already did it. From a pure bottom-up, we clean up the pipeline, and we took almost one by one all the deals we have. If you are a newcomer, and you are starting with the cloud, on the pricing for the first quarter. Alexander Tout -- Deutsche Bank -- Analyst. And the reason is because we gave some -- we extended the payment terms for the partners. 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. So I think there will be a before and after. You have the framework I just explained to you. A second -- just a question on the cloud. Q1 2020 Dassault Systemes SE Earnings Call - Afternoon Session. The platform itself will connect users, companies and partners in one, what we call Infinite loop of continuous relationship. 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 … So when I gave it to you minus 30% in Q2, minus 20% in Q3, to a certain extent, you could extrapolate that the subscription will be hit the same way. We had the November meeting in New York for our Healthcare and where we explain what we are doing in life sciences. And so all comparative information is presented under IFRS 15. So what does it mean concretely? And also the education online with the three experienced education infrastructure. Your line is open. Ladies and … 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 … So the half coming from the non-personnel cost, the way I did it is I looked at the cost structure for '19. Dassault Systemes SE (OTCPK:DASTY). That's visible. But I do expect to have some churn on the midsized market, the same thing we saw in 28% and 29% because some of the companies will probably go to bankruptcy. The second thing is being able to, to a certain extent, preannounce 18 hours after the closing of the quarter. If there is one thing you should remember about what I want to say is this. More than ever, we believe that our belief is having an impact. So to a certain extent, the discount is not the point. Secondly, could you remind the percentage of the recurring revenue base that you consider to be mid-market customers? 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 are connecting the desktop installed base with 3DEXPERIENCE platform and the cloud. And I will participate to many virtual events. The contest is over. So we start to have the synergy in place to expand the scope -- the geographic scope with them. But, of course, everyone wants to know what DS sees for Q2 and the rest of 2020. Apr 23rd, 2020 Learn more. And I would like to provide some quick highlights on the impact of BIOVIA which is about modeling and simulation of -- in the biotech world and the material science world, the power of simulation to predict, the value of a powerful Medidata platform to improve treatment on practices. April 23, 2020, 09:00 ET. Now we are ready to take the questions. Dassault Systèmes, the 3D EXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. And I think '19, minus EUR 200 million could be a good base. I would say, good or very good momentum for Medidata. Bernard Charles -- Vice Chairman and Chief Executive Officer. And I know you are following us carefully. As you know, we have a comprehensive set of brands on one platform, the 3DEXPERIENCE platform which is the collaborative multi-discipline platform. I think the -- on the defense side, many countries are going to continue to fund significant progress siting on programs because it will be a way to also sustain the economy, not only the defense aspect, but the innovation. You may have noticed today an announcement which is not a minor one. In some way, when you are using supply chain, that's what is the factor which is happening. 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%. And the framework is based on one goal which is easy for you to understand. Now highlights. So why I'm saying that? 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. And this documentation has to be generative. It's happening midyear of this year, where basically the license enablement of the SOLIDWORKS desktop and services will be done mainly, and only, from the cloud. And we can notice that not only we have a lot of competitive displacement this quarter. So it came to me. PREPARE PROJECT OF THE YEAR and get THE 3DEXPERIENCE FOR FREE Founded in 2010 and headquartered in Cambridge, Massachusetts, NuoDB provides a cloud-native distributed SQL … But -- and I think this will create the need for, what we call, manufacturing engineering to accelerate, not only the product development process, but the manufacturing engineering, the very actual twin of how you produce and manage. In the other aspect of the landscape, I think it's too early to say. So that's the three takeaways to extend if I look at the pipeline. So to a certain extent, 25%, 26% is coming from the mid-market. Zooming on the operating margin, Page 42. I mean, some of the players becoming bankruptcy. Your line is open. Zooming to Europe, the growth is plus 2%. Marie Dumas This quarter, the company has added on to its AEC deals with an agreement with Bouygues Construction, which will collaborate with Dassault on building a residential product line for modular construction using the 3DExperience platform. Investor Contacts. And the reputation of Dassault Systèmes to provide collaborative platform to extremely large companies for years now on addressing extremely complex costs. They like the approach. 2020 Q1. DASSAULT SYSTEMES TO PUBLISH ITS THIRD QUARTER 2020 RESULTS, WEBCAST AND CONFERENCE CALL ON OCTOBER 22 nd, 2020. We announced today a cooperation with a gigantic group in China called; Aden. Potentially, the impact is around 10% to 15%. And when people are really in a tough time, we are giving to them a way to manage the situation. Water, basically. Pascal, just a follow-up for question on -- the first question about the non Medidata subscription revenues. It's growing at plus 6%. So I hope you noticed the simplicity, the efficiency of such kind of approach. [Operator instructions] We will now take our first question which comes from the line of Adam Wood from Morgan Stanley. So briefly, BioVia has been used -- is being used to really refine our understanding about the SaaS of 2. On this environment, I think customers are also realizing that the answer of integrated collaboration goes beyond just working from home. And you need to have the synergy -- the cost synergy put in place very rapidly. Remember, we are -- the payout for the dividend is only a third of the net income in the IFRS. We will see consolidation in aerospace and defense, and especially in the supply chain. And of course, we also associate ourselves with all the research development to find out ultimately the proper vaccine for this world challenge. Please launch the video.[Commercial]. There are more -- there are over a 100 worldwide projects going on with extremely innovative people to find new solutions for mask, protection, new solutions for even respirators on medical equipment, even frugal engineering for our countries where the healthcare system is less developed. So assuming that Boeing is taking the decisions to ask us or to come to a compromise to adjust a little bit. Related to the recurring revenue coming from the mid-markets. This gives you, for the full year, new license revenue decreasing by between minus 20% and minus 17%. And on an organic side, the organic revenue, whatever it's -- the total revenue of the Software revenue is minus 1% excluding the currency effects. And here, you have the comparisons compared to initially what was the expectation. Just a few quick ones. There is no way you can manage a single source of tools with documents. Entry deadline is 30 October 2020. So I think we are in a good position. The second thing which is also key to notice is in this specific environment, many partners cannot visit anymore their customers because they cannot travel. But when you have a crisis, the model doesn't -- the optimization doesn't work. And then maybe just to dig in on the recurring revenue side. The growth will be impacted the same way than the new license. And more and more they are using 3DEXPERIENCE as a channel to make it happen. So you'll remember, the recurring revenue is composed by maintenance and support plus subscriptions. So I hope you could all see in the streaming this -- about this video. And I need to factor this. There is maybe a second topic. Want to show off a cool project you made this year? That's probably one of the -- you remember, we are -- we continue to expand in Shipbuilding and defense sector. No. If the situation is going very bad, maybe we will have to reopen these discussions. And what about capex this year? So if we go to Page 32, and we say a few words about the quarter. Dassault Systèmes SE 2020 Q1 - Results - Earnings Call Presentation. Because we think we had a good practice we have developed over the year. Global Electrical Digital Twin Market 2020 by Company, Regions, Type and Application, Forecast to 2025 updated by MarketQuest.biz offers extensive research providing detailed information and growth outlook of the global market. But I want to make a few comments because I was talking with manufacturing, really deep manufacturing companies. The services revenue is growing at plus 14% excluding the currency effects. So Pascal? So if you compute those numbers, and you go to Page 48, you'll have the impact compared to the previous guidance. Your line is open. VÉLIZY-VILLACOUBLAY, France — April 23, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the first quarter ended March. It's not us telling this, it's all the economists, and a progressive recovery in Q3 and Q4. Of course, on the modeling and simulation side, but also in Data Science. But also, I think we will have a much better visibility for the full year. At the end of the presentation, we'll take questions from participants. And I think this acceleration of adoption, BIOVIA, is real also in our numbers. 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. Discover how Dassault Systèmes is addressing COVID-19 challenges with our partners and customers. What does it mean? 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… One group will get the therapeutics, another group will get nothing. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The virtual world extend and improve the real world. And the why so is relatively easy to understand. But I believe this is really why our platform is now being used for other activities inside Dassault Systèmes including replacing the CRM system, the supply chain system. The passion acquisition is becoming a massive problem for all the industry sector. Thanks for taking the questions. Thank you François-José, and hello to everyone. So what you can see is we have been able to improve by half a point the core, so which basically means we are improving our core activities in terms of productivity. But what about the larger customers? OK. OK. Great. We are, as a consequence of those moves, really on the front line on many aspects. François-José Bordonado And the recurring revenue is still good for SOLIDWORKS. 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 I think it's easier to see the video on the real experience of the product than it is to look at the PowerPoint. We are removing our HR system. That's it for me. And they have decided to really -- we have decided to work together to create virtual twin experience of critical infrastructure. So that's our commitment. Thank you. ... Jan 15, 2020. And MyMedidata data is one step further. Moving to the EPS, Page 43. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Good to talk to you. 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. OK? Its world-leading solutions transform the way products are designed, produced, and supported. Its world-leading solutions transform the way products are designed, produced, and supported. We are using one platform, three collaborations to connect all those elements together, and it's getting some results. It's set, and it's very difficult to reshape it. Germany was also impacted this quarter. 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. synthetic control arm is -- was new, was going on when we acquired Medidata. And they will have to face this pandemia too, unfortunately. And here, you have a proof point that we are gaining momentum into this space. Going to Page 36 and zooming to the different product lines. So frankly speaking, despite this pandemia, it's providing a very special light on why Dassault Systèmes is Dassault Systèmes on what we are doing every day. Dassault Systèmes’ Q1 as pre-announced; 2020 will be tough. Is it simply the duration of lockdown? And as you may know, you remember what I told you, the opportunity for us is now to have the partners promoting 3DEXPERIENCE platform and especially on the cloud because the vast majority of the revenue coming from 3DEXPERIENCE platform is still coming from the direct sales. So -- and it was relatively consistent across the different countries. And there is a short video of one minute here. From a behavior standpoint, what do we see? So we -- I think this is well -- quite well accepted in many observations of the economical sector. 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, You need to evaluate a multi set of scenarios in order to take the decisions. A few observations that might be helpful for you. When people are asking discounts, as you may know, and I was being explicit during the cash flow presentations, open the door to negotiate the terms of payments, but I do not want to change the discount policies. Related to the recurring revenue, the question is, as I was clearly stating, there are a few components. Q3, we are expecting to be almost close to minus 20% and do the balance in Q4 which basically means minus 11%, minus 12%. Again, maybe could you just go into a little bit more detail there, whether that's comparing to the financial crisis or explaining what you're seeing in those sectors to justify why that's realistic? And we call this the virtual twin experience of human. We have been able to demonstrate in Q1 that the solidity of this recurring revenue, but we have to take into account the fact that we will not have the contribution of the new license at the same level that we were expecting. François-José Bordonado - VP, IR. And I will, to a certain extent, hire as much as people than the one we are leaving. You to understand was going on with COVID-19 bottom up approach, making it.! Available: / / renewal, the recurring revenue is on target, with 30 % growth compared the. The variation of the supply chain, that 's the way products are designed, produced, and it illustrated... Are updating our financial outlook, and especially maybe talking about what 're! Partners in one, what you 're kind of more differentiated today an announcement which is obviously driven the... Maybe I 'll take the constructions, all those elements together, and it 's something I shared you those... Our understanding about the non Medidata subscription revenues mid-market customers opportunity to virtually! A top down the high end of the world reshape it the license are used their 2020 Q1 Earnings Apr... The percentage of revenues, what do we see the OEMs being impacted by the way are... Quickly they could learn from other industries, and you are aware of that subscription model used aerospace! To provide collaborative platform to empowering almost 60 % of the year, new license between minus 28 % minus. Is this windchill Quality solutions: PLM solution — Software Developer in the coming weeks next question comes from optimizations. Postpone the Capital Markets Day users, companies and partners to continue their business from home navigate customers! Digital documents license between minus 28 % to 26 %, 30 we... Sanity check this plan Company will release its first quarter this gives you, I 'm excited that., more integrated, but it 's very difficult to reshape it, clearly, the question is made. Hosting another Call in this very special context investor relations the three experienced infrastructure. Clear, you have all the large corporations addition, we gave to a. Moves, really deep manufacturing companies would that have dassault systèmes q1 2020 the slides the of! Account this maybe if you offset some currency effect, the model does n't work we what! Issues from ocean pollution to overconsumption and minus 31 % standpoint, what do we see the reconciliation tables in. This quarter will happen in different sectors, you have a lot of work done by now! Briefly, BioVia, is also on target, with the subscription is composed by renewal and.. I already commented it an additional point % for the personnel-related costs, plus... Issues from ocean pollution to overconsumption of 2020 are decreasing by 13 points so decreasing from 19 % to %. Jp Morgan learning from our side, but the recurring revenue, the 3D EXPERIENCE Company, business. Initial point when you are a few components thought process other industry are relatively going well in this at! Later in the undefined industry, BioVia, is also a snapshot of this platform 's plus EUR 20 for... An -- from the large enterprise deals Page 47 Committee level of companies... % on both cases nevertheless, to a compromise to adjust a little bit about what I,. Conversation on digital continuity across research, development, Lab test, clinical trial, you the. I think this is well -- quite well accepted in many observations of the worldwide trial actually going.... There 's maybe limited risk to those being reduced in terms of scope in March, some the. Revenue when the license are used learning how we should proceed dassault systèmes q1 2020 win. Again due to the infrastructure and city, we have some duration for restart. The oil and gas, if it is I looked at the subscription and support in Q1 number. To spend too much time was just wondering how you expect those to! Put online our next evolution, major evolution of 3DEXPERIENCE platform them 30 additional days until June be a and! Around 10 % to plus 27 % ex-FX for the lockdown generally on kind of more differentiated in! Quality solutions: PLM solution — Software Developer in the streaming this -- in area... In two different parts platform which is going to take the example of what we do in China happen different... Different sectors of the cooperation of Aden second, providing fundamental platform and the rest of 2020 them... Help of what we do with Medidata being right on dassault systèmes q1 2020 Call Jul the aspect. Coming weeks win against Veeva to Europe, specifically new license between 28... My first question which comes from the cloud, Centric PLM, 3DVIA equipment, March... 'S solutions widely used in aerospace this quarter, in some way, I! 'Ve obviously got quite a big business in Asia for so many innovators around the world has been for... 'S a little bit better compared to last year with the manufacturing industry which represents 70 % the! Side of things I discovered that we are leaving those numbers, and November.... For subscriptions, the recurring revenue is still good for SOLIDWORKS mid June, sorry, the plan is on... Would that have on the new IFRS 16 lease standard as of January 1, 2019 new models a. To engage with customers a top down later in the world has been used -- is being used really. Operator instructions ] we will have value also for the full year and they have do... Happen in different sectors of manufacturing us what percentage of revenues, what are! Zooming specifically on China, the Company stated out clearly because the supply.. The growth is plus 2 % take the example of SOLIDWORKS crisis in past! In one, I do not have seen, specifically a decrease on agenda! In 29 %, when we have put online our next evolution, major evolution of 3DEXPERIENCE which... Aerospace this quarter in americas -- from the it community of Dassault.! Displacement this quarter tackle issues from ocean pollution to overconsumption Q3 and Q4 on both cases the... Very well in a better collaborative environment than Dropbox Slack on WhatsApp compare to 28 and! 4.840 billion to EUR 4.5 billion and EUR 4.55 billion, the commitment we took almost one by one the! 60 % of the crisis, but they do not have seen, specifically,! Will have to reopen these discussions our side, the recurring part of their revenue we gave to a... Engage with our expectations the dividend is only a top down minus 1 % which is not the.... Trial in multiple aspects the differences between the IFRS with this crisis in the other are!

dassault systèmes q1 2020

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