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Feb 11, 2010


Devon T. Sowell

RE:The biggest collapse was in subscription (maintenance or service) revenues, which dropped like a stone in Q4, down 24%, 19% on the year.

I hope SolidWorks is now considering revamping the subscription maintenance program.


Matthew West


The numbers you’re quoting here (-24% and -19%) are revenue numbers for consulting services, not subscription maintenance. The press release noted the following regarding that line of the report:

“Evolution of services and other revenue during 2009 principally reflected a decrease in consulting activity as a consequence of lower new software sales.”

Revenue resulting from subscription maintenance makes up the bulk of a different line in the report, which shows that “Software revenue…of which periodic licenses, maintenance and product development revenue” experienced a 1% decline in constant currencies for the quarter and a 5% increase for the year. Regarding this, the report stated:

“2009 IFRS and non-IFRS software revenue was lower by approximately 8%, reflecting a decrease in new licenses revenue of 32% offset in part by periodic licenses, maintenance, and product development revenue growth of 5% (all figures in constant currencies).”

Despite the continued effects of the global economic crisis, subscription numbers remain strong across the DS group.

Matt / SolidWorks

Devon T. Sowell


Thanks for the correct info.


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