Dassault Systemes reports first-quarter revenue in line with estimates


The logo of Dassault Systemes is seen on a company building in Brest, France, March 14, 2022. REUTERS/Stephane Mahe

April 23 (Reuters) - French ⁠software maker Dassault Systemes on Thursday reported first-quarter ⁠revenue of 1.51 billion euros ($1.77 billion), in line ‌with estimates, helped by strong demand for its 3DExperience and Cloud businesses.

Hit by a prolonged slowdown in the global auto industry, ​Dassault Systemes, which provides software ⁠to automakers, plane manufacturers ⁠and industrial firms, is increasingly tapping augmented AI and data ⁠centers ‌to drive growth.

Its flagship software platform 3DExperience offers 3D modelling, data management and project ⁠management tools.

Overall group revenue rose 3% on ​a constant-currency ‌basis from a year earlier, while operating margin ⁠came in ​at 30.3%.

"Europe saw healthy growth this quarter, broad data across regions, with strong contributions from consumer-centric industries", group CFO ⁠Rouven Bergmann told reporters.

He said Dassault's ​offerings in product lifecycle management were growing faster in sectors such as food and beverage, and retail, with ⁠clients including Amazon and Ferrero.

The group in February had forecast total quarterly revenue between 1.48 and 1.54 billion euros and an operating margin of 29.2%-30.7%.

On Thursday, ​it confirmed its full-year outlook ⁠for sales of 6.29 and 6.41 billion euros, an ​operating margin of 32.2% to 32.6%, ‌and earnings per share of ​1.30 to 1.34 euros.

($1 = 0.8548 euros)

(Reporting by Alessandro Parodi in Gdansk, editing by Sonia Cheema)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Samsung workers protest over huge pay gap with SK Hynix, threaten long strike
Unemployment spikes for key Chinese age group as AI use spreads
Tesla sees EU approval for driver assistance system within months
How ‘age tech’ might help you grow old at home
STMicroelectronics posts Q1 above estimates, forecasts stronger Q2
Australia working with Anthropic over cybersecurity vulnerabilities
Tim Cook regrets Maps flub, sees Apple Watch as his proudest work
Besi posts higher bookings in first-quarter, as AI boosts demand for hybrid bonding tech
Nokia beats first-quarter estimates as AI boom lifts sales again
Exclusive-SpaceX targets in-house GPUs as it warns investors of chip supply, costs

Others Also Read