Dassault Systèmes, on the back of the July 9, 2024 preliminary announcement, today reports its IFRS unaudited estimated financial results for the second quarter and first half ended June 30, 2024. The Group’s Board of Directors approved these estimated results on July 24, 2024.
Summary Highlights1
(unaudited, non-IFRS unless otherwise noted, all growth rates in constant currencies)
- 2Q24 results in line with preliminary announcement: total revenue growth of 4% to €1.496 billion and diluted EPS of €0.30;
- For the first six months, total revenue increased 5% with subscription revenue up 9% and licenses & other software revenue up 2%. Operating margin was 30.5%, and diluted EPS2 up 10% to €0.60;
- 3DEXPERIENCE software revenue grew by 23% y/y in the first half despite the observed volatility in customer decisions in June, as highlighted during the preliminary announcement;
- Improved IFRS operating cash flow for the first six months at €1.13 billion, up 10% y/y at current exchange rate;
- In line with the preliminary announcement, the full year outlook is updated as follows: total and software revenue growth of 6% to 8% and diluted EPS growth between 8% and 11%.
1IFRS figures for 2Q24: total revenue at €1.50 billion, operating margin of 18.4% and diluted EPS at €0.21; IFRS figures for YTD24: total revenue at €3.00 billion, operating margin of 20.0% and diluted EPS at €0.42.
2Diluted EPS was up 7% at current exchange rate.
