Dassault Systèmes Delivers Solid Third Quarter Driven By Accelerating Recurring Revenue Growth, Reaffirms 2022 Objectives

VELIZY-VILLACOUBLAY, France — October 26, 2022 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA), today announced IFRS unaudited financial results for the third quarter and nine months ended September 30, 2022. The Group’s Board of Directors approved these results on October 25, 2022. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix to this communication. 

Summary Highlights  
(unaudited, all revenue growth rates in constant currencies)

• 3Q22 IFRS diluted EPS increased 20% to €0.16 as reported. Non-IFRS diluted EPS grew 17% to €0.26 as reported, outperforming our objectives. 
• 3Q22 total revenue and software revenue increased 8% (IFRS and non-IFRS), driven by strong subscription & support revenue growth of 10% (IFRS and non-IFRS). Licenses & other software revenue declined (2)% (IFRS and non-IFRS) due to our focus on increasing the mix of subscription versus license revenue
• 3Q22 3DEXPERIENCE software revenue rose 15% (IFRS and non-IFRS). Cloud software revenue increased 21% (IFRS and non-IFRS).
• FY2022 non-IFRS objectives: reaffirming total revenue growth of 9%-10%, in constant currencies. Raising non-IFRS diluted EPS target to 18%-19% growth to €1.12-€1.14, and on track to be fully deleveraged by year-end.