- Solid Licenses installed base
- Buoyant New Licenses Business
- Strategic refocusing of the Services activity
- Negative currency effect
Alain de Rouvray, ESI Group’s Chairman and CEO, comments: “The revenue recorded over the first quarter, traditionally a period of relatively low business volume, confirms the vitality of the Licenses activity, with sustained activity in the installed base and dynamic New Licenses Business; giving a significant increase at constant currency. At the same time, our activity supporting the transition towards virtual prototyping is being strengthened through projects demanding a high level of expertise and delivering high added value. Nevertheless, the volume of Services remains affected by the strategic refocusing to exclude low-value-added standard studies. The multi-year and multi-sector strategic agreements signed at the end of 2013, together with the positive prospects of our recent acquisitions and notably in the field of Virtual Reality, are expected to bear fruit in the second half of 2014. The Group’s fundamentals and growth prospects remain very solid, as affirmed by the trust major OEMs have put in our innovative solutions as they seek to accelerate the vital move towards the digital factory and virtual engineering.”
To view an unabridged version of this press release, visit: https://www.esi-group.com/company/investors/news/revenue-1st-quarter-2014