Dassault Systèmes: Quarterly results
Earnings per share increase by 10 percent in the first half of the year
Dassault Systèmes announced its unaudited IFRS financial results for the second quarter and first half ending June 30, 2024, following the preliminary announcement on July 9. The results are in line with the preliminary announcement and show solid revenue growth.
As announced, total sales grew by 4% to 1.496 billion euros in the second quarter. Earnings per share including all conversion rights (diluted EPS) on a non-IFRS basis also increased and amounted to EUR 0.30.
In the first six months of the year, the company recorded an overall increase in sales of 5%. Recurring sales rose by 9%, while sales in the licenses and other software segment increased by 2%. The operating profit margin on a non-IFRS basis was 30.5% in the first half of the year. Earnings per share (diluted EPS) increased by 10% to EUR 0.60 in this period.
Compared to the previous year, the company's sales of 3DExperience software grew by 23% in the first half of the year - despite the cautious and volatile decisions on the customer side already mentioned in the pre-announcement. Operating cash flow increased to EUR 1.13 billion in the first six months of the year. Taking current exchange rate effects into account, this corresponds to an increase of 10% compared to the previous year.
In line with the pre-announcement, Dassault Systèmes has adjusted its targets for the current financial year as follows: The targeted growth in total revenue and software revenue is between 6% and 8%. Earnings per share (diluted EPS) are expected to increase by between 8% and 11%.
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