Thank you very much. And 2020 is a significant year for the ramp-up. Moving to the geo, Page 37. Company Participants. I am now on Page 16, and there is a video which is 23 seconds, so please run the video.[Commercial]. 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. So let's start with the business highlights. Asia, overall, the new license decreased by minus 20%. Moving to the next topic which is related to the infrastructure and cities. So briefly, BioVia has been used -- is being used to really refine our understanding about the SaaS of 2. The second thing we think is becoming more visible, and I cannot mention explicitly the case, but I think that there will be new mutualization of production capacity between competitors. This sector has been low -- improving slowly in the past 45, 50 years. Dassault Systemes SA income from continuous operations for the quarter ending September 30, 2020 was $0.106B, a 30.04% decline year-over-year. But if I look at Korea and China, is also the same. This is a very profound evolution. Q2, we are expecting to be minus 30%. And not because I want to hide it. We’re motley! Dassault’s revenue distributed by geography as provided by the company. And you will notice that we -- the new way we are reporting for all the software related to what we call the Industrial Innovation. Dassault Systèmes SA provides software solutions and consulting services. 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. 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. There is a video. Of course, the 3DEXPERIENCE Lab is open innovation. Dassault has reported its results for the first quarter of 2020 and the results are decidedly mixed, as a result of the worldwide pandemic. The platform will have integrated marketing element in it. It's set, and it's very difficult to reshape it. So -- and it was relatively consistent across the different countries. The currency effects is having a slight effect. This idea is to really continue to make this infrastructure so easy to use by passion themselves that, in fact, the data collection consentment and data collection will become something useful for the passion and essential for the organizations which are working on discovery. Please launch the video.[Commercial]. And there are many more we need to work on. You can navigate -- customers will be able to navigate the platform to look at what other industries are doing. From a behavior standpoint, what do we see? Pascal, you have a view. Again, when I computed the number, I did a bottom up approach, not only a top down. ET. So I do not want to spend too much time. But the growth is -- for the full year is -- so far is for the quarter is plus 7%. Your line is open. What does it mean? And zooming specifically on China, we saw the last month of the quarter, in March, some rebounds. Germany was also impacted this quarter. And MyMedidata data is one step further. 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. So the half coming from the non-personnel cost, the way I did it is I looked at the cost structure for '19. And it happened that with this crisis, this health pandemia. And my last point to you, Mo, is if you compare to 28 % and 29% there is a big difference. Great. Centric, PLM have been impacted by the situation because, as you may know, in the Fashion & Luxury Goods, China does represent a significant part, either of the supply chain or the market, the demands. It was initially planned to be mid-May -- mid June, sorry, the 12. And if you zoom 17% growth for the total Software revenue, and as we stated to you, the counter performance is coming from the license, minus 20% compared to our objective which was flat to minus 5%, new license -- the new license. So obviously, you have the contribution of Medidata. So the way I will manage it is by being very selective on the hiring. And we call this the virtual twin experience of human. 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. It was less in Japan. And last slide which is at 51, you have the numbers for 2020. So I think there will be a before and after. I have nothing special on that aspect at this point in time. Maybe I'll take the first one Pascal, if you allow me. And we are benefiting from that, clearly, with the different contracts going on. So from a pure accounting standpoint, that's a little bit tricky. Dassault Systèmes’ 20,000 employees are bringing value to more than 270,000 customers of all sizes, in all industries, in more than 140 countries. A second -- just a question on the cloud. And I think together, we are really concentrating on that. And now it's becoming to be critical in what we do. People, they want to have only one single source of tools. It's growing at plus 6%. Really, it's all the large enterprise deals. And Pascal and I will share with you a few insights about that. Dassault Systemes SA (DASTY) Q1 2020 Earnings Call Transcript ... And the total revenue for Dassault Systèmes is up 17% excluding the exchange rate effect. Because we believe that we -- on $37.5, we can have a better collaborative environment than Dropbox Slack on WhatsApp. And just kind of touching on that question about any pricing discounts or concessions being requested by customers or do you feel pretty in your situation? Just a few quick ones. We launched a marketing program, whereby you have some incentives. And we believe that this is really a real cap -- the situation is a real catalyst to really change the way virtual twin experience can be used for infrastructure. And in the manufacturing sector, we believe that there will be a before and after because both supply chain will be restructured and -- as well as the way the manufacturing processes are working on the supply chain. And the total revenue for Dassault Systèmes is up 17% excluding the exchange rate effect. Stock Advisor launched in February of 2002. Thank you, and enjoy your day. 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. Now we see the OEMs being impacted by the situation. And more and more they are using 3DEXPERIENCE as a channel to make it happen. Moving to the -- some details of the cash flow, I already commented it. 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. The second thing is science. And the rest is coming from the simulation. That's not a light commitment. Point number one, we -- if you take all of Bernard's examples he used, no one is having any more adopt on the meaningful things we do because what we do is critical not only to manage the crisis, you have seen it with Medidata and all the clinical trials, but it's also needed for after the crisis because things will not be the same. And there's a difference between document-based and science-based. So that's becoming visible. Thank you Stacy. Its world-leading solutions transform the way products are designed, produced, and supported. Zooming to the services revenue, Page 41. So if we can jump to the financial objective for 2020, so let's go to Page 47. And 3DEXPERIENCE platform is very valuable in this specific context. Americas, the growth is 46% for the quarter. Clearly, the total revenue and the Software revenue growth is fully online with plus 19%, plus 17% on both cases. Good morning everyone. Keep in mind that we renewed 40% of the maintenance and support in Q1. Clearly, there is a lot of work done by companies now to rethink about their supply chain. We are also learning from our side, the new landscape for the competitive landscape. And then maybe just to dig in on the recurring revenue side. We are using one platform, three collaborations to connect all those elements together, and it's getting some results. Your line is open. Once again, there are many competitors in this area doing digital documents. (Unaudited, all revenue growth in constant currencies). But to a certain extent, you have the strategic thinking behind. I mean, just to be clear, on the full year, what could we expect you're -- on the current guidance, the cash flow from operations to be? In fact, it's mainly coming from the DSO. And China gave some indications to us. So to a certain extent, 25%, 26% is coming from the mid-market. The Group’s Board of Directors reviewed these results on February 3, 2021. It's a different new set of practices. 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. If you look at the subscription and support, we are decreasing by 1.5 the guidance. But we saw rebound in unexpected sectors which is the transporation and mobility as well as the High Tech. And you need to have the synergy -- the cost synergy put in place very rapidly. 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. So to a certain extent, the discount is not the point. And in fact, it's visible on the agenda when we have the calls. I believe we are proving it and making it happen. Two follow up well for me. Hi. But we didn't change radically our pricing policy. So they can be used for construction, manufacturing, operation and maintenance with smart buildings. That's where it's coming from. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Thank you. Yup. Dassault Systèmes, the 3D EXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Regarding the pipelines. 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%. VÉLIZY-VILLACOUBLAY, France — October 22, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the third quarter and nine months ended September 30, 2020. We have -- we are hosting another call in this afternoon at 3 o'clock Paris time. As I was telling you, I think we did well during the quarter to take the right measures at the right time in order to deliver on targets. 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. Of course, it was triggered by the sensitivity of the supply chain related to its critical exposure. We provide business and people with collaborative virtual environments to imagine sustainable innovations. Please ask your question. That's what we can say. But the reality, when you look at the world today, even advanced hospital, we're having extreme complexity to just establish confinement area. And the recurring revenue is still good for SOLIDWORKS. Apr 27, 2020 ... Q1 non-IFRS total revenue was €1.14 billion, up 18% as reported (up 17% in constant currencies, cc). Hi. One group will get the therapeutics, another group will get nothing. That's the way we behave right now. So it's probably too early to express that it's starting again. The French software maker … And our frustration, Bernard and I, is EUR 1.5 trillion investment on our platform, and we are a EUR 4.5 billion company. 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%. And especially maybe talking about what you're thinking about from a new rental or new subscription business. VÉLIZY-VILLACOUBLAY, France — February 4, 2021 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the fourth quarter and year ended December 31, 2020. 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. And you have on the slides the impacts of it in euros. And I think this acceleration of adoption, BIOVIA, is real also in our numbers. Later today, we'll also hold a conference call. And by the way, simply said, we are going to use our own platform as a channel. So the way that it's fully integrated, it's a way to understand how we counterbalance our value proposal and how we are displacing them, even if we are not fighting on a day-to-day. We'll come back on this. But let me tell you, we have done a platform that integrates all traditional disperse tools and choice that you can find on mobile. By the way, we are learning how we should sell our own platform in a better way. And thanks to our friend and the team, we feel very well together on -- despite the fact that we have been only together for five months, we continue to win new accounts with PPD, a big CRO, contract research organization, a very large one, has made the decision to use Medidata clinical trial and also the data science, data analytics and predictive modeling. Yeah. So moving from EUR 4.840 billion to EUR 4.5 billion and EUR 4.55 billion, the new guidance at the revenue level. Just maybe the competitive environment, are you seeing any competitors struggling? And they know that if we make it so easy, because the statistics for clinical trial for other medication, other therapeutics than the COVID situation. So the new date is in November, and November 17. We did Q1 on plan. Because you'll remember, it's solutions widely used in aerospace. So it came to me. And of course, we also associate ourselves with all the research development to find out ultimately the proper vaccine for this world challenge. And the way they usually enter into this space is by targeting the document management which is so-called the electronic trial master file. So if we go to Page 32, and we say a few words about the quarter. Dassault Systèmes SE (OTCPK:DASTY) Q1 2020 Earnings Conference Call February 4, 2021 9:00 AM ET. And when it's normal, it's relatively easy to do. ... Revenue. And I will participate to many virtual events. So for the large companies, the vast majority of them are multiyear contracts. So you'll remember, the recurring revenue is composed by maintenance and support plus subscriptions. As you know, we have a comprehensive set of brands on one platform, the 3DEXPERIENCE platform which is the collaborative multi-discipline platform. So I'm always astonished to see some successes of digital document companies because I think at some point in time, it's going to be absolutely useless and the virtual twin of phenomenon will win, as it did in aerospace, automotive and other manufacturing sectors. Dassault Systemes SA annual/quarterly revenue history and growth rate from 2006 to … 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. The people love each other. Of course, this first-quarter 2020 announcement is in a very special context. And that's the reason why in terms of new license, they decreased by 20%. Dassault Systemes SA income from continuous operations for the twelve months ending September 30, 2020 … All the people engaging large project transformations because right now, the mindset is not yet there. And two side noes, but which are important, open innovation, those days are becoming critical to bring talents together to provide solutions that were not expected before. We believe that the virtual world of modeling simulation on large data science are going to help the real world being improved and being more sustainable. And Bernard stated out clearly because the supply chain management will not be the same. What they could learn from other industries, and all this online. If we go to Page 38. There is probably one point I did not factor in my guidance is, as you may know, Boeing is going under tremendous pressure. Your next question comes from the line of Julian Serafini from Jefferies. And the second thing I took into account is the fact that we expect to have additional churn, mainly coming from the mid-sized market. We announced today a cooperation with a gigantic group in China called; Aden. Zooming to the growth. And we came to the conclusion that not only was not probably the best usage of our time, the management time, given the situations. It will come again due to the necessity of the crisis, but the mindset is not there. But also, we start to achieve a certain critical mass. I hope you have all the details, Adam. And the goal of the Capital Market Day is to make a status on the EUR 6 plan, and I think we will be in a much better position to share some analysis and highlight at that time. In this very special context, I hope you and your families are keeping safe. So we are going to launch the Classroom video conference right now.[Commercial]. Software revenue in Asia was up 3% in Q4, and China was the star with a 20% increase in Q4 and 15% for the full year. 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. And what kind of impact would that have on yourselves? There was not even one week delay. Maybe just first of all, I wanted to possibly dig in on the Asian side of things. I would say, good or very good momentum for Medidata. If you take the oil and gas, if you take the constructions, all those sectors are suffering. But I think we are changing the game of their thought process. Your line is open. A few observations that might be helpful for you. See more Dassault Systemes data on Latka But there is a limitation, and this is a proof. Moving to the operating expense, Page 49. And I already explained my savings plan. [Operator instructions] We will now take our first question which comes from the line of Adam Wood from Morgan Stanley. That's probably one of the -- you remember, we are -- we continue to expand in Shipbuilding and defense sector. So that's point number one. And why I'm saying that is because it's a win against Veeva. Medidata adoption is going extremely well. And as I was telling you, I'm expecting a decrease on the new license between minus 28% and minus 31%. There is no way you can manage a single source of tools with documents. Your line is open. That would also be useful. The recurring revenue is at a level of 83% of the total revenue, up 30% excluding exchange rate, with solid renewal on of course good Medidata momentum. And really they love each other. So we are working on those topics, and I think the team is highly excited to connect with universities, start-ups and so on. I think this will change. Those topics are back. But maybe could you go into a little bit more detail there around how new licenses performed through the quarter? You see that we are growing at 2% per. The cash flow for the quarter, for Q1, is reaching EUR 458 million, a slight decrease compared to last year, and I will give you more detail. Market data powered by FactSet and Web Financial Group. In the other aspect of the landscape, I think it's too early to say. First of all, I think they recognized, we collectively now can set the conversation at the Executive Committee level of those companies. And together, we can have a conversation on digital continuity across research, development, lab test, clinical trial, production. So we have good reasons to believe that the pipe will continue to grow in Asia, in the rest of the year. 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. And sort of as we've gone through the kind of current crisis, anything around decision-making cycles, sales cycles that you can kind of comment on? It's the real power of open innovation with experience-based design, production on using 3D printing and other techniques to really provide those results. Experience-based training, I think this is a breakthrough. So for the new license, we are decreasing by 25 points to guidance, being plus 5% to 10% and now being minus 20% to minus 17%. It's the second largest industry after transporation and mobility. 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. So that's the three takeaways to extend if I look at the pipeline. Here is a good example of what we do with Medidata. 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. Dassault Systèmes’ Q1 as pre-announced; 2020 will be tough. And they have decided to select our solutions, Medidata, to do many things, not only to manage what we call the Electronic Data Capture which is almost all the data you need to put into the system to do the trial, also the supply chains, all the targeted source data, but more important, also the electronic trial master file. Page 39. There is maybe a second topic. It's plus EUR 20 million for the full year. And in life sciences, we are representing 20%. And this documentation has to be generative. By creating ‘virtual experience twins’ of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production. And I think it's a good practice, and this practice is still valuable in this time frame. 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. Remember, we are -- the payout for the dividend is only a third of the net income in the IFRS. And this gave us the ability to offset the counterperson of Centric PLM and IQMS, because they were slightly below in terms of operating margins. Company Participants . The growth will be impacted the same way than the new license. Logistics is becoming critical also for us. Point number two, I do not expect to have churn from the large account, as I was clearly stating. And you see how people are setting a cool environment. So they like us, they have to do it remotely. $3.6 B. Stefan Slowinski -- Exane BNP Paribas -- Analyst. So we do not expect to have the same trend for the rest of the year, but it's a proof that our model is resilient. Returns as of 03/08/2021. Zooming on the operating margin, Page 42. You see this illustrated in Page 28. Again, let's slice it. The passion acquisition is becoming a massive problem for all the industry sector. So nevertheless, I'm taking some measure. And this ability to replan on a constant basis to be dynamic is also new because it's a combination between the modeling and simulation capabilities with the optimizations. Now we have 1,500 customers with Medidata. It's a way for us to engage with customers. In fact, what are the solutions, the roles, the processes for each industry? Dassault Systemes Q4 2019 ... we are targeting 2020 revenue growth of about 13% in constant currency and they are entering the year with a coverage around 93% of the total revenue … Let me now introduce Bernard Charlès. I am on Page 27 with the modular architecture that we are deploying with Aden through this cooperation. And I need to factor this. And as you may know, Veeva is a new players in this field. Your next question comes from the line of Stefan Slowinski from Exane BNP Paribas. There is a lot to be shared with you. Second, providing fundamental platform and technology for research and also of course clinical trial in multiple aspects. And I will come back on that topic. In terms of -- for the full year, we will probably have some impact on the cash flow. And I will come back to some statistic for Medidata afterwards. And the last point, MyMedidata, the announcement today, that's part of the result of an intense passionate conversation between the teams. We had this, to a certain extent, this concern starting last year with the supply chain. In addition, we adopted the new IFRS 16 lease standard as of January 1, 2019. Dassault Systemes SE said Thursday that operating profit and revenue rose in the fourth quarter of 2020, and the company issued guidance for the first quarter and full-year 2021. So could you please just confirm that your expectation around Medidata growth for FY '20 overall remains about the same at 13% or any change there? There is no reason at this stage to consider this. We believe that modular applying the manufacturing discipline to construction is still a very valid point. But we have good reasons to believe that before the end of the year, it will restart. And we are growing at double-digit with Medidata being right on plan. We usually book the revenue when the license are used. We are connecting the desktop installed base with 3DEXPERIENCE platform and the cloud. That's probably the only open point I have at this stage. Celsion adopted Medidata for something specific which is going to be probably a first in the world. And to do so, in fact, we are using 3DEXPERIENCE platform as a way to run our business. You're always welcome if you have more questions. 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. That's -- so the broad connection. ($1 = 0.8324 euros) (Reporting by Sarah Morland in Gdansk; Editing by Jacqueline Wong) The second thing is being able to, to a certain extent, preannounce 18 hours after the closing of the quarter. That's what this proof point is about. It's a proof point that we are fully operational. Thank you. This quarter’s revenue stood at €1219.3M, 18.4% up compared to €1029.6M of third quarter of 2020, with a profit of €205.1M. So maintenance and support. And I took one point additional churn in my guidance.
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