Dassault Systemes 2Q Operating Profit, Revenue Rose; Raises 2021 Outlook

   By Mauro Orru 
 

Dassault Systemes SE said Tuesday that operating profit and revenue for the second quarter increased, issued guidance for the third quarter, and raised its outlook for the year.

Reporting on a non-IFRS basis, the French software maker said operating profit rose to 373.8 million euros ($441.2 million) from EUR286.2 million in the second quarter of 2020, with operating margin up to 32.2% from 26.7%.

Net profit increased to EUR287.4 million from EUR211.4 million.

Total revenue climbed to EUR1.16 billion from EUR1.07 billion, with software revenue up to EUR1.05 billion from EUR960.5 million and services revenue nearly flat at EUR110.2 million compared with EUR110.1 million.

Dassault Systemes had expected second-quarter revenue between EUR1.13 billion and EUR1.16 billion, and a non-IFRS operating margin of between 29.4% and 30.1%.

For the third quarter, the company targets non-IFRS total revenue between EUR1.12 billion and EUR1.14 billion, with a non-IFRS operating margin between 28.7% and 29.6%.

The company raised guidance for the year, now expecting non-IFRS total revenue between EUR4.75 billion and EUR4.79 billion. It previously guided for a range between EUR4.72 billion and EUR4.77 billion.

Non-IFRS operating margin for the year should come in between 32.7% and 33.1%, rather than between 31.6% and 31.7% as previously expected.

Write to Mauro Orru at [e-mail]; @MauroOrru94

(END) Dow Jones Newswires

July 27, 2021 01:35 ET (05:35 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.