Dassault Systèmes delivered a strong Q3 20. The decrease in organic total revenue slowed thanks to a lower negative trend for licenses and other software revenue and the non-IFRS operating margin was above the high range of guidance. Licenses revenue is now unlikely to return to normal by the year end and the expectation was downgraded. Inversely, the 2020 non-IFRS operating margin expectation was upgraded on the back of the good result in Q3 20 and cost containment.
22 Oct 2020
Sequential improvement in Q3 20 vs Q2 20
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Sequential improvement in Q3 20 vs Q2 20
Dassault Systèmes delivered a strong Q3 20. The decrease in organic total revenue slowed thanks to a lower negative trend for licenses and other software revenue and the non-IFRS operating margin was above the high range of guidance. Licenses revenue is now unlikely to return to normal by the year end and the expectation was downgraded. Inversely, the 2020 non-IFRS operating margin expectation was upgraded on the back of the good result in Q3 20 and cost containment.