Dassault Systemes Raises Fiscal Year Targets After 3Q Operating Profit, Revenue Rise

   By Mauro Orru 
 

Dassault Systemes SE said Thursday that operating profit and revenue increased in the third quarter, issued guidance for the fourth quarter and raised targets for the year.

Reporting on a non-IFRS basis, the French software maker said operating profit climbed to 392.1 million euros ($454.9 million) from EUR290.9 million in the third quarter last year, with its operating margin up to 33.8% from 28.2%.

Net profit rose to EUR296.5 million from EUR210.3 million.

Total revenue increased to EUR1.16 billion from EUR1.03 billion, with software revenue up to EUR1.04 billion from EUR934.9 million, and services revenue up to EUR114.1 million from EUR95.4 million, the company said.

Dassault Systemes had expected third-quarter revenue between EUR1.12 billion and EUR1.14 billion, with an operating margin between 28.7% and 29.6%.

For the fourth quarter, the company targets non-IFRS total revenue between EUR1.31 billion and EUR1.33 billion, with a non-IFRS operating margin between 35.8% and 36.4%.

For the year, Dassault Systemes now expects non-IFRS total revenue between EUR4.80 billion and EUR4.83 billion, instead of between EUR4.75 billion and EUR4.79 billion. It also said it expects a non-IFRS operating margin between 34% and 34.1%, rather than between 32.7% and 33.1%

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

(END) Dow Jones Newswires

October 28, 2021 01:34 ET (05:34 GMT)

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