VÉLIZY-VILLACOUBLAY, France, July 25, 2019 – Dassault Systèmes, announces IFRS unaudited financial results for the second quarter and the first half ended June 30, 2019. This quarter’s revenue stood at €961.4M with €131.2M Profit.
Pascal Daloz, Dassault Systèmes’ executive vice president, CFO and corporate strategy officer, commented: “Second quarter non-IFRS results came in at the high end of our guidance on strong software and services results. Based upon our Q2 and H1 performance, we are reaffirming our 2019 constant currency growth objectives and updating for currency, leading to a non-IFRS EPS objective range of €3.45 to €3.50 for 2019. We are well aligned with our five-year plan to double our non-IFRS earnings per share to €3.50 in 2019, thanks to our key growth drivers.
“First, we benefited from the continued strengthening of our organic growth led by our recurring non-IFRS software, with strong growth for both our subscription and support revenue. In both Q2 and H1 software revenue and recurring software were up 9% in constant currencies on an organic non-IFRS basis. Second, for the 2019 First Half, 3DEXPERIENCE non-IFRS software revenue increased over 40% and represented 27% of related software revenue, up six percentage points. Third, our progress is also visible with good traction with companies in our Core Industries and Diversification Industries, both delivering double-digit non-IFRS software growth for the First Half of 2019.
“With respect to our proposed acquisition of Medidata, Dassault Systèmes and Medidata Solutions have received antitrust clearance and continue to work constructively with regulators to obtain other required regulatory approvals. The Medidata Solutions shareholders are convened to vote on the approval of the merger on August 16, 2019. We expect to complete the acquisition in the third or in the fourth quarter of 2019 if all conditions to closing are satisfied then. We also anticipate providing Q4 and FY combined guidance at the time of our Q3 earnings announcement on October 24, 2019, should the acquisition be completed.”
A complete chart of the financial results is available here.
About Dassault Systèmes
Dassault Systèmes, the 3DEXPERIENCE company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The Group brings value to over 250,000 customers of all sizes, in all industries, in more than 140 countries.
For more information, visit www.3ds.com.