In Q2 20, total revenue growth (+10% at constant currency and including Medidata, -8% organically) and the non-IFRS operating margin (26.7% of revenue, -3.9pts) were in line with expectations. The drop in licences revenue was significant (-32%) and slightly above guidance (-28/-31%). Services were also impacted by the COVID-19 pandemic with a double-digit revenue decrease. All of these had a strong negative impact on the operating margin (-230bp on the H1 20 operating margin).
24 Jul 2020
Drop in licences revenue
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Drop in licences revenue
Dassault Systemes SA (DSY2:WBO) | 0 0 1.6% | Mkt Cap: 26,981m
- Published:
24 Jul 2020 -
Author:
Hélène Coumes -
Pages:
3
In Q2 20, total revenue growth (+10% at constant currency and including Medidata, -8% organically) and the non-IFRS operating margin (26.7% of revenue, -3.9pts) were in line with expectations. The drop in licences revenue was significant (-32%) and slightly above guidance (-28/-31%). Services were also impacted by the COVID-19 pandemic with a double-digit revenue decrease. All of these had a strong negative impact on the operating margin (-230bp on the H1 20 operating margin).