Core Insights - Dassault Systèmes reported a solid start to 2025 with strong subscription growth and earnings per share (EPS) at the high end of guidance [2][8][9] Financial Performance - Total revenue for Q1 2025 increased by 5% to €1.57 billion, while software revenue grew by 6% to €1.43 billion [12][60] - Subscription and support revenue rose by 7%, with recurring revenue now representing 86% of software revenue [6][12] - Diluted EPS increased by 5% to €0.32, with operating cash flow growing by 21% to €813 million [8][16] Sector Performance - The Manufacturing Industries sector performed well, particularly in Aerospace & Defense and High Tech, along with Transportation & Mobility in China, Japan, and the US [5][12] - 3DEXPERIENCE software revenue grew by 17%, driven by Aerospace & Defense, High Tech, and Transportation & Mobility [12][13] Strategic Developments - The introduction of Gen 7, a new generation of representation for customers' virtual universes, is expected to enhance competitive advantage through AI and spatial computing [4][5] - The company is focusing on Sovereign Infrastructure, emphasizing energy, security, and AI capabilities [5][6] Financial Outlook - The company maintains its full-year objectives for total revenue growth of 6-8% and diluted EPS of €1.36-€1.39 [9][15] - Operating margin target is slightly adjusted to expect a year-over-year expansion of 50-70 basis points [9][15]