Dassault Systèmes Delivers Solid Third Quarter Driven By Accelerating Recurring Revenue Growth, Reaffirms 2022 Objectives

(unaudited data, all revenue growth rates in constant currencies)

• 3Q22 IFRS diluted EPS increased 20% to €0.16 as reported. Non-IFRS diluted EPS grew 17% to €0.26 as reported, outperforming our objectives.
• 3Q22 total revenue and software revenue increased 8% (IFRS and non-IFRS), driven by strong subscription & support revenue growth of 10% (IFRS and non-IFRS). Licenses & other software revenue declined (2)% (IFRS and non-IFRS) due to our focus on increasing the mix of subscription versus license revenue
• 3Q22 3DEXPERIENCE software revenue rose 15% (IFRS and non-IFRS). Cloud software revenue increased 21% (IFRS and non-IFRS)
• FY2022 non-IFRS objectives: reaffirming total revenue growth of 9%-10%, in constant currencies. Raising non-IFRS diluted EPS target to 18%-19% growth to €1.12-€1.14, and on track to be fully deleveraged by year-end.

Related links:

• Press Release
• Key Figures
• Earnings presentation to analysts
• Conference Call Text