Dassault Systèmes Reports Solid First Quarter Results And Reaffirms Full-Year Objectives

VELIZY-VILLACOUBLAY, France — April 25, 2024 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced IFRS unaudited estimated financial results for the first quarter ended March 31, 2024. The Group’s Board of Directors approved these estimated results on April 24, 2024. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.  

Summary Highlights  
(unaudited, IFRS & non-IFRS unless otherwise noted, all revenue growth rates in constant currencies)

  • 1Q24: Software revenue increased 7%, aligned with objectives, and services revenue grew 2%, resulting in total revenue up 6%; 
  • 1Q24: Combining the revenue growth from upfront licenses and subscription, the aggregate grew by 9%; 
  • 1Q24: 3DEXPERIENCE1 software revenue was up 29%, reflecting the continued momentum in the adoption of the platform in Transportation & Mobility and Aerospace & Defense;
  • 1Q24: IFRS operating margin of 21.6% and non-IFRS operating margin at 31.1%, up 50 basis points in constant currencies, above objectives, thanks to disciplined cost management;  
  • 1Q24: IFRS diluted EPS increased 11% as reported to €0.21 and non-IFRS diluted EPS up strong 12% in constant currencies to €0.30; 
  • 1Q24: Achieving net cash balance of €1.1 billion; cash flow from operations of €0.7 billion (IFRS);
  • FY2024: Confirming non-IFRS objectives of diluted EPS reaching €1.29-€1.31, up 10% to 12% in constant currencies, and total revenue growth of 8%-10%.


13DEXPERIENCE Eligible software revenue excludes SOLIDWORKS, MEDIDATA, CENTRIC PLM and recent acquisitions

About Dassault Systèmes

Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit https://www.3ds.com