Dassault Systèmes: Raising 2022 EPS Objectives on Good First Quarter Performance

VELIZY-VILLACOUBLAY, France — April 27, 2022 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA), today announced IFRS unaudited financial results for the first quarter ended March 31, 2022. The Group’s Board of Directors approved these results on April 26, 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)

• 1Q22 IFRS diluted EPS increased 51% to €0.20, as reported; non-IFRS diluted EPS grew 20% to €0.27, as reported
• 1Q22 total revenue and software revenue increased 8%, with licenses & other software revenue up 10% and subscription & support up 8% (non-IFRS)
• 1Q22 3DEXPERIENCE software revenue rose 21% (non-IFRS). Cloud software revenue also increased 21% (non-IFRS)
• 1Q22 cash flow from operations of €630 million (IFRS); set to achieve deleveraging well ahead of schedule
• FY2022 non-IFRS objectives: reaffirming total revenue growth of 9%-10%, in constant currencies. Raising non-IFRS diluted EPS target to 9%-11% growth to €1.04 - €1.06. Increasing non-IFRS operating margin target to 33.4%-33.7%