Dassault Systemes 4Q Operating Profit, Revenue Increased; Issues Guidance

By Mauro Orru

Dassault Systemes SE on Thursday posted higher operating profit and revenue for the last three months of 2022, and the company issued guidance for the first quarter and the full year.

Reporting on a non-IFRS basis, the French software maker said operating profit climbed to 552.1 million euros ($606.8 million) from EUR502.9 million in the fourth quarter of 2021, with its operating margin down to 34.9% from 36.8%.

Net profit increased to EUR455.8 million from EUR380.2 million.

Total revenue jumped to EUR1.58 billion from EUR1.37 billion, with software revenue up to EUR1.43 billion from EUR1.24 billion, and services revenue up to EUR155.3 million from EUR128.3 million.

Dassault Systemes had expected fourth-quarter revenue between EUR1.53 billion and EUR1.57 billion, with an operating margin between 34.9% and 35.9%.

For the current quarter, the company is targeting revenue between EUR1.42 billion and EUR1.44 billion, and an operating margin between 30.7% and 31.3%.

For the year, Dassault Systemes expects revenue between EUR5.93 billion and EUR5.98 billion, and an operating margin between 32.3% and 32.6%.

Dassault Systemes, like other European software companies, presents its figures as two sets of numbers. One set is based on the International Financial Reporting Standards-an international accounting method that seeks to provide a global reporting standard-though analysts and investors tend to follow non-IFRS numbers. Those figures exclude share-based compensation, restructuring expenses and acquisition-related charges.

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

(END) Dow Jones Newswires

February 02, 2023 01:39 ET (06:39 GMT)

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