Highlights
Dassault Systèmes Reports Solid First Quarter Results And Reaffirms Full-Year Objectives
(unaudited, IFRS and non-IFRS unless otherwise noted,
all revenue growth rates in constant currencies)
- 1Q24: Software revenue increased 7%, aligned with objectives, and services revenue grew 2%, resulting in total revenue up 6%;
- 1Q24: Combining the revenue growth from upfront licenses and subscription, the aggregate grew by 9%;
- 1Q24: 3DEXPERIENCE software revenue was up 29%, reflecting the continued momentum in the adoption of the platform in Transportation & Mobility and Aerospace & Defense;
- 1Q24: IFRS operating margin of 21.6% and non-IFRS operating margin at 31.1%, up 50 basis points in constant currencies, above objectives, thanks to disciplined cost management;
- 1Q24: IFRS diluted EPS increased 11% as reported to €0.21 and non-IFRS diluted EPS up strong 12% in constant currencies to €0.30;
- 1Q24: Achieving net cash balance of €1.1 billion; cash flow from operations of €0.7 billion (IFRS);
- FY2024: Confirming non-IFRS objectives of diluted EPS reaching €1.29-€1.31, up 10% to 12% in constant currencies, and total revenue growth of 8%-10%.