Dassault Systèmes: Strong Second Quarter Results with Broad-Based Momentum, Reaffirming 2023 Objectives

VELIZY-VILLACOUBLAY, France — July 25, 2023 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA), today announced IFRS unaudited financial results for the second quarter ended June 30, 2023. The Group’s Board of Directors approved these results on July 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)

  • 2Q23: Total revenue and software revenue increased 8%, well aligned with objectives, driven by recurring revenue, up 9%;
  • 2Q23: Upfront licenses up 6%, driven by broad-based momentum;
  • 2Q23: Non-IFRS Operating Margin1 of 31.0%, outperforming the objective, while continuing to invest to support future growth; 
  • 2Q23: Non-IFRS Diluted EPS2 up 7% to €0.28 as reported, or 15% in constant currencies, at the higher end of the objective range; 
  • FY2023: Reaffirming objectives of diluted EPS reaching €1.18-€1.20 and revenue growth of 8%-9%.

 

1IFRS Operating Margin: 17.9%
2IFRS diluted EPS up 78% at €0.17

About Dassault Systèmes

Dassault Systèmes is a catalyst for human progress.  Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens.  With Dassault Systèmes’ 3DEXPERIENCE platform, 350,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact.  For more information, visit: https://www.3ds.com