Financial results
Dassault Systèmes doubles earnings per share
Dassault Systèmes has announced its unaudited IFRS financial results for the fourth quarter and full year ending December 31, 2023. Revenue grew by 8% in the past quarter. In 2023, the overall increase in sales was 9%. The sales result was therefore within the target range. The same applies to software revenue, which rose by 8% in both the fourth quarter and the financial year.
In the area of recurring revenue, the increase amounted to 12% in the fourth quarter and 10% in the full financial year 2023. This was primarily due to the strong growth in recurring software revenue of 22% in the fourth quarter and 16% in the past financial year. Revenues generated with the 3DEXPERIENCE platform increased by 21% in the fourth quarter and by 19% in the full financial year. Several major deals contributed to this result.
In the fourth quarter of 2023, the operating profit margin on a non-IFRS basis amounted to 35.9 %. Excluding exchange rate effects, this corresponds to an improvement of 160 basis points. For the financial year as a whole, the operating profit margin amounted to 32.4% and was therefore in line with expectations and within the target range. Earnings per share including all conversion rights (diluted EPS) on a non-IFRS basis rose by 12% to EUR 1.20 over the course of the past year, excluding exchange rate effects. Dassault Systèmes therefore achieved the target set in 2018 of doubling this figure within five years.
The company has set itself the target of achieving earnings per share (diluted EPS) of EUR 1.29 to EUR 1.31 for the current financial year 2024. It is also aiming for sales growth of 8% to 10%.
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