Big news out of Dassault this morning, as the company, which dubs itself "3DS," increased Q2 revenues up 17% over a year ago. Or as they put it, "organic double-digit revenue."
Earlier they had already passed the magic $2-billion-a-year milestone, and now this year they are reaching for €2 billion ($2.452 billion).
This number will be compared next month when Autodesk announces its quarterly results, as the two top CAD vendors battle each other for the #1 position of gross revenues. Siemens PLM Software could well be a contender, too, but prefers to keep its numbers a secret from the rest of the world.
The revenue figures between Dassault and Autodesk tend to be close, and so the curve ball is the exchange rate. Dassault reports in Euros and Autodesk in US dollars; the Euro:US$ exchange rate has been falling, giving Autodesk the numerical advantage once the currency exchange is factored in.
This morning as I write this, the Euro:US$ rate is 1.2230; one year ago, it was 1.4247 -- a drop of 16%. I cannot summarized "Bad for Dassault; good for Autodesk," because both companies get significant revenues from both economic regions.
- Dassault benefits from the weak Euro when it takes in revenues from USA (such as SolidWorks and large American customers)
- Autodesk loses from the weak Euro when it takes in revenues from Europe
The company €1.64 billion cash sitting around.
SolidWorks software revenues were up 15%, with 13,844 new licenses in the quarter, 27,252 in the first half of the fiscal year.
Transcat PLM of Germany is a VAR and third-party CAA programmer, owned by Dassault, but now the company and its 200 employees are on their own. The reason: "The transaction builds on 3DS' strategy to strengthen its partners' business success in each geography and enable a new level of partner-to-customer-to-user experience." Clearly.
Former CATIA ceo Etienne Droit becomes managing director of Transcat; former head of CATIA R&D Philippe Laufer takes his place as ceo of CATIA.