Highlights
Dassault Systèmes: Outperforming Third Quarter; Confirming Full-Year Objectives
(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[1] 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[2] at €0.28, up 7% as reported, or 20% in constant currencies, outperforming objectives;
- FY2023: Confirming revenue growth of 8%-9% and increasing diluted EPS by 1 cent to now €1.19-€1.21. Well on-track to achieve our five-year plan of doubling EPS by 2023 as initially planned.
[1] IFRS Operating Margin: 21.2%
[2] IFRS diluted EPS up 13% as reported at €0.18