Dassault Systemes Sa Adr (DASTY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm Beatrix Martinez, Dassault Systèmes VP Investor Relations. From the company, we have Pascal Nalloz, CEO, and Ruben Berkman, CFO. I would like to welcome you to Dassault Systèmes' first quarter 2025 presentation. At the end of the presentation, we will take questions from participants, first in the room and then online. Later today, we will also hold a conference call. The ESO system results are prepared in accordance with IFRS. Most of the financial figures in this conference call are presented on a non-IFRS basis with revenue growth rates in constant currencies unless otherwise noted. For an understanding of the differences between the IFRS and the non-IFRS, please see the reconciliation tables included in our press release. Some of the comments we will make during today's presentation will contain forward-looking statements which could differ materially from actual results. Please refer to our risk factors in our 2024 document d'enregistrement universel published on March the 18th. And I will now hand over to Pascal Dalouze. Thank you, Beatrix. Good morning for all of you. And thank you for joining us today. It's always a pleasure to be here in London with you for the Q1 earnings announcement. I think we had a strong start to the year with subscription and 3D experience revenue driving our EPS at the high end of the expectations. And here are some key highlights. Software growth plus 5%, driven by subscription revenue plus 14%, and 3D experience revenue plus 17%. And before handing it over to Reuven for more detail on the financials and guidance for Q2 and the full year 2025, I would like to emphasize three points. The first one, I think, in today's volatile environment with tariffs affecting many sectors, we are well positioned to help our customers to navigat...