Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Dassault Systemes Outperforming Third Quarter; Confirming Full-Year Objectives.

Document Cited in Related
Vincent

ENPNewswire-October 26, 2023--Dassault Systemes Outperforming Third Quarter; Confirming Full-Year Objectives

(C)2023 ENPublishing - http://www.enpublishing.co.uk

Release date- 25102023 - VELIZY-VILLACOUBLAY, France - Dassault Systemes (Euronext Paris: FR0014003TT8, DSY.PA), today announced IFRS unaudited financial results for the third quarter ended September 30, 2023.

The Group's Board of Directors approved these results on October 24, 2023. This press release includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.

Summary Highlights

(unaudited, IFRS and non-IFRS unless otherwise noted, all revenue growth rates in constant currencies) 3Q23: Software revenue up 12%, above high end of our target range; 3Q23: Subscription revenue up 18%, accelerating sequentially, driven by an increasing share of large 3DEXPERIENCE deals and broad-based adoption of the subscription model; 3Q23: Strong rebound in licenses & other revenue, up 20%; 3Q23: 3DEXPERIENCE delivered a remarkable growth of 46% in software revenue; 3Q23: Non-IFRS Operating Margin of 31.0%, representing a 50 basis point improvement excluding effects from currency exchange, compared to the same period last year; 3Q23: Non-IFRS Diluted EPS at EUR0.28, up 7% as reported, or 20% in constant currencies, outperforming objectives; FY2023: Confirming revenue growth of 8%-9% and increasing diluted EPS by 1...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT