Dassault Systemes Backs Guidance After Revenue Increase
By Andrea Figueras
Dassault Systemes confirmed its full-year expectations after posting an increase in revenue for the first three months.
Reporting on a non-IFRS basis, the French software maker said Thursday that overall first-quarter revenue climbed to 1.5 billion euros ($1.61 billion) from EUR1.43 billion in the year-earlier period.
Software revenue increased to EUR1.35 billion from EUR1.29 billion, while services revenue rose to EUR146.8 million from EUR146 million.
Operating profit jumped 5% to EUR466.5 million, with Dassault's operating margin up to 31.1% from 31% previously.
Looking ahead, Dassault Systemes continues to anticipate revenue growth between 8% and 10% this year, excluding currency effects, and an operating margin of 32.5% to 32.8%.
For the second quarter, it expects revenue growth of 7% to 9%, excluding currency effects. It anticipates an operating margin of 31.3% to 31.5%.
Dassault Systemes, like other European software companies, presents its figures as two sets of numbers. One set is based on the International Financial Reporting Standards--an international accounting method that seeks to provide a global reporting standard--but analysts and investors tend to follow non-IFRS numbers. Those figures exclude share-based compensation, restructuring expenses and acquisition-related charges.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
April 25, 2024 01:39 ET (05:39 GMT)
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