Highlights
Summary Highlights[1]
(unaudited, non-IFRS unless otherwise noted, all growth rates in constant currencies)
- 2Q24 results in line with preliminary announcement: total revenue growth of 4% to €1.496 billion and diluted EPS of €0.30;
- For the first six months, total revenue increased 5% with subscription revenue up 9% and licenses & other software revenue up 2%. Operating margin was 30.5%, and diluted EPS[2] up 10% to €0.60;
- 3DEXPERIENCE software revenue grew by 23% y/y in the first half despite the observed volatility in customer decisions in June, as highlighted during the preliminary announcement;
- Improved IFRS operating cash flow for the first six months at €1.13 billion, up 10% y/y at current exchange rate;
- In line with the preliminary announcement, the full year outlook is updated as follows: total and software revenue growth of 6% to 8% and diluted EPS growth between 8% and 11%.
[1] IFRS figures for 2Q24: total revenue at €1.50 billion, operating margin of 18.4% and diluted EPS at €0.21; IFRS figures for YTD24: total revenue at €3.00 billion, operating margin of 20.0% and diluted EPS at €0.42.
[2] Diluted EPS was up 7% at current exchange rate.