Dassault Systemes 2Q Operating Profit, Revenue Rose

   By Kim Richters 
 

Dassault Systemes SE said Tuesday that operating profit and revenue for the second quarter rose.

Reporting on a non-IFRS basis, the French software maker said operating profit rose to 442.4 million euros ($452.1 million) from EUR373.8 million year-earlier period. However, the operating margin fell to 32.0% from 32.2% due to growth investments, it said.

Quarterly net profit was EUR347.0 million, up from EUR287.4 million. Total revenue increased to EUR1.38 billion from EUR1.16 billion driven by revenue growth in its subscription and support as well as licenses and other software segments, it said.

Dassault Systemes had expected second-quarter total revenue between EUR1.30 billion and EUR1.32 billion, with an operating margin at 31.7%-32.4%.

For the third quarter, the company targets include a non-IFRS operating margin between 31.1% and 31.8% and for 2022, Dassault Systemes confirmed the margin target of 33.4%-33.7%. It also expects full-year non-IFRS total revenue to be between EUR5.49 billion and EUR5.54 billion.

Write to Kim Richters at [e-mail]

(END) Dow Jones Newswires

July 26, 2022 01:46 ET (05:46 GMT)

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