Dassault Systèmes: Outperforming Third Quarter; Confirming Full-Year Objectives

VELIZY-VILLACOUBLAY, France — October 25, 2023 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA), today announced IFRS unaudited financial results for the third quarter ended September 30, 2023. The Group’s Board of Directors approved these results on October 24, 2023. This press release includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.

Summary Highlights    
(unaudited, IFRS and non-IFRS unless otherwise noted, all revenue growth rates in constant currencies)

• 3Q23: Software revenue up 12%, above high end of our target range; 
• 3Q23: Subscription revenue up 18%, accelerating sequentially, driven by an increasing share of large 3DEXPERIENCE deals and broad-based adoption of the subscription model; 
• 3Q23: Strong rebound in licenses & other revenue, up 20%;
• 3Q23: 3DEXPERIENCE delivered a remarkable growth of 46% in software revenue; 
• 3Q23: Non-IFRS Operating Margin  of 31.0%, representing a 50 basis point improvement excluding effects from currency exchange, compared to the same period last year; 
• 3Q23: Non-IFRS Diluted EPS  at €0.28, up 7% as reported, or 20% in constant currencies, outperforming objectives; 
• FY2023: Confirming revenue growth of 8%-9% and increasing diluted EPS by 1 cent to now €1.19-€1.21. Well on-track to achieve our five-year plan of doubling EPS by 2023 as initially planned.