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. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit https://www.3ds.com