Dassault Systemes (DSY:FP) shares in a strong trend higher in 2021 as the maker of 3D design & engineering software has posted strong numbers.

Dassault Systèmes, the 3DEXPERIENCE Company, has the mission to provide business and people with 3DEXPERIENCE universes to imagine sustainable innovations harmonizing product, nature and life. This purpose has given birth to a unique portfolio of products and Industry Solution Experiences whose key strengths are in their scientific content and deep understanding of industrial processes. The Company’s software portfolio spans a wide spectrum of domains from modelling and scientific simulation to production and logistics optimization, and is applicable from Natural Resources to Cities, Transportation, Buildings, Smart Products, Consumer Goods, all the way to biological systems and chemistry.

The 3DEXPERIENCE platform and apps are purpose built to digitalize the entire customer journey, with capabilities to analyze, design, simulate, engineer and deliver experiences. The platform enables innovators to develop a thorough understanding of their customer’s expectations by analyzing social and usage information in a unique data-driven approach. Enterprises can then model, simulate and optimize their offerings to best suit each customer experience. During the operating lifecycle, this model is enriched with valuable insights gleaned from the usage data, setting the stage for the next cycle of innovation.

Dassault has a market cap of $65B and trades 13.8X EV/Sales and 37X EBITDA. Dassault forecasts see revenue growth of 8-10% steady the next few nears. Dassault is seeing an acceleration of growth out of the pandemic and has been winning large contracts with bookings growing 20% Y/Y. Dassault bought Medidata for $5.8B in 2019 and has turned into a great deal. Dassault looks positioned to continue to be a winner as a dominant leader in PLM.

Dassault’s cloud business is only 20% of revenues and is seen rising to more than 33% by 2025. Dassault (DSY) has enjoyed triple-digit growth for 3DX on the cloud in the past 3 years and expects this to continue for the next 3.