Dassault Systèmes reports third quarter 2020

Dassault’s financial has been able to raise its revenues in a tough time, but only because it bought Medidata, specifically a life sciences company involved in drug testing right before the onset of a global pandemic. Total revenue was up 13%, thanks to that acquisition. Dassault’s total software revenue was up 17%. The services segment for Dassault has been hard hit by lockdowns and uncertainty. Services revenue decreased by 15% in the third quarter. Services revenue performance in the third quarter was negatively affected by changes in customers’ plans related to new engagements and project timing extensions. As we’ve seen