Oct 24 2019

Dassault Systèmes Q3 and YTD Total Revenue and EPS Growth Up Double-digits; On Track for 5-year Doubling of non-IFRS EPS to €3.50 for 2019

VÉLIZY-VILLACOUBLAY, France — October 24, 2019 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the third quarter and nine months ended September 30, 2019. These results were reviewed by the Group’s Board of Directors on October 23, 2019.  This press release also includes financial information on a non-IFRS basis with reconciliations included in the Appendix to this communication. All IFRS and non-IFRS figures are presented in compliance with IFRS 15 and IFRS 16, which have been applied since January 1, 2018 and January 1, 2019, respectively.

Q3 and Nine Months Highlights and Financial Summary

(Unaudited, all revenue growth at constant currency)

Q3 non-IFRS basis: total revenue €914 million, up 10%, EPS €0.78, up 20% or 16% at constant currency 

YTD non-IFRS organic basis: total revenue up 9%, driven by recurring software up 9% 

3DEXPERIENCE non-IFRS software revenue up 32% at constant currency YTD, represents 27% of related non-IFRS software

Cash flow from operations up 34%, crossing €1.00 billion milestone YTD

Toyota Motor Corporation adopts 3DEXPERIENCE platform

Poised to Reach Five-Year Goal of Doubling non-IFRS EPS to €3.50 in 2019; Reaffirming 2019 non-IFRS Total revenue up 10% to 11% in constant currency; updating non-IFRS EPS to €3.50-€3.55, up 12%-14% before Medidata Solutions Inc. (“Medidata”)

Medidata acquisition completion expected in the coming days