Dassault Systèmes: Second Quarter 2024 Results in Line With Preliminary Announcement Non-IFRS Diluted EPS up 10% in the First Half

VELIZY-VILLACOUBLAY, France — July 25, 2024 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA), on the back of the July 9, 2024 preliminary announcement, today reports its IFRS unaudited estimated financial results for the second quarter and first half ended June 30, 2024. The Group’s Board of Directors approved these estimated results on July 24, 2024. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.

Summary Highlights¹   
(unaudited, non-IFRS unless otherwise noted, all growth rates in constant currencies)

• 2Q24 results in line with preliminary announcement: total revenue growth of 4% to €1.496 billion and diluted EPS of €0.30;
• For the first six months, total revenue increased 5% with subscription revenue up 9% and licenses & other software revenue up 2%. Operating margin was 30.5%, and diluted EPS² up 10% to €0.60; 
• 3DEXPERIENCE software revenue grew by 23% y/y in the first half despite the observed volatility in customer decisions in June, as highlighted during the preliminary announcement;
• Improved IFRS operating cash flow for the first six months at €1.13 billion, up 10% y/y at current exchange rate; 
• In line with the preliminary announcement, the full year outlook is updated as follows: total and software revenue growth of 6% to 8% and diluted EPS growth between 8% and 11%.

¹IFRS figures for 2Q24: total revenue at €1.50 billion, operating margin of 18.4% and diluted EPS at €0.21; IFRS figures for YTD24: total revenue at €3.00 billion, operating margin of 20.0% and diluted EPS at €0.42.  
²Diluted EPS was up 7% at current exchange rate.