Dassault Systemes Sa Adr (DASTY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Marie Dumas from Dassault Systèmes. Thank you for joining this presentation. Pascal Dalloz, our CEO and Chairman, and Reuven Bergman, our CFO, are on the line with me to discuss our first quarter 2026 earnings. During this presentation, results are prepared in accordance with IFRS. The financial figures discussed on this conference are on a non-IFRS basis with revenue growth rates on a constant currency basis, unless otherwise noted. Some of the comments on this call contain forward-looking statements that could differ materially from actual results. please refer to today's press release in the Risk Factors section of our 2025 Universal Registration document. All earnings materials are available on our website. I'd like now to hand over to Pascal Dalloz. See you in chairman. Thank you, Marie, and good morning to all of you. It's always a pleasure to be at this time of the year physically in London, and thank you for the one being with us today. I know it was not so easy because it's Friday in London. So, again, thank you for being here. Before handing over to Reuven, I really would like to put this quarter into the perspective of our trajectory. So remember what I say, 2026 is really the year of execution. Not vision, not strategy, execution. Execution to strengthen the foundation for sustainable growth, but more importantly, to accelerate our transition to subscriptions, and to deploy our industrial AI strategy. Let me start with where we are. So back in February, we set a clear commitment. Today, we are, I think, delivering on them. Q1 is on track, revenue up 3%, no surprises, no deviation. We confirm our full-year outlook, 3% to 5% growth, with an acceleration in the second half. But I think beyond the numbers, what matters is really the tr...