Dassault Systèmes Delivers Strong Second Quarter, Reaffirms 2022 Objectives

VELIZY-VILLACOUBLAY, France — July 26, 2022 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA), today announced IFRS unaudited financial results for the second quarter and half year ended June 30, 2022. The Group’s Board of Directors approved these results on July 25, 2022. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix to this communication. 

Summary Highlights
(unaudited, all revenue growth rates in constant currencies)

• 2Q22 total revenue and software revenue increased 11% (non-IFRS), driven by strong subscription & support revenue growth of 10% (non-IFRS) and licenses & other software revenue up 14% (non-IFRS)
• 2Q22 3DEXPERIENCE software revenue rose 30% (non-IFRS). Cloud software revenue increased 23% (non-IFRS) 
• 2Q22 non-IFRS diluted EPS grew 21% to €0.26, as reported, outperforming our objectives. However, IFRS diluted EPS of €0.09 was impacted by a one-time charge due to concluding a tax dispute for fiscal years 2008-2013 with no cash impact
• 2Q22 cash flow from operations of €417 million, up 7%, and driving our deleveraging ahead of schedule
• FY2022 non-IFRS objectives: reaffirming total revenue growth of 9%-10%, in constant currencies. Raising non-IFRS diluted EPS target to 14%-16% growth to €1.08-€1.10