IT group Dassault Systemes raises 2012 sales target

Jul 26, 2012

French software design group Dassault Systemes raised on Thursday its 2012 sales target after posting a 22 percent jump in first-half profit to 156.4 million euros ($190 million).

"We are very pleased with these results and we see a much larger potential over the coming years," Dassault Systemes president and chief executive Bernard Charles said in a statement.

Owing in part to its acquisition of the Canadian firm Gemcom Software International, Dassault Systemes sales in the first six months of the year jumped by 10 percent from the same period in 2011 to 965.3 million euros.

For the of 2012, the company sales gained 17 percent to 502.9 million euros, while its was 35.7 percent higher at 126.5 million euros.

Charles said: "We are upgrading our revenue target for 2012, and reaching a new - 2.0 billion euros in annual revenues."

Finance director Thibault de Tersant said the company's new business "came from a number of industries including aerospace, energy, high tech, industrial equipment, and transportation & mobility.

Dassault Systemes now expects a 31 percent increase in its operating margin this year and said earnings per share should gain 10-13 percent to 3.2-3.3 euros per share.

But de Tersant said the company remained prudent regarding its fourth quarter results, "as we believe our initial caution at the outset of 2012 continues to be appropriate."

Explore further: Facebook CEO wants more students to explore tech

add to favorites email to friend print save as pdf

Related Stories

Dutch hi-tech company ASML profits rise

Jan 18, 2012

ASML, key global supplier of computer chip-making systems and high-tech bellwether, Wednesday posted record sales for 2011 alongside a fourth-quarter slump of nearly 30 percent in net income.

SAP says profits up in first quarter

Apr 13, 2012

German software giant SAP said on Friday it was sticking to its full-year targets for 2012 after profits rose in the first three months.

SAP says profits up in first quarter

Apr 25, 2012

German software giant SAP said Wednesday it was sticking to its full-year targets for 2012 after net profit rose 10 percent in the first three months.

SAP profits up strongly in third quarter

Oct 14, 2011

German software giant SAP said Friday its profits more than doubled in the third quarter thanks to strong sales and lower legal costs related to litigation with arch-rival Oracle.

Infineon sees lower 2012 sales as crisis bites

Nov 16, 2011

German semi-conductors giant Infineon said Wednesday it expected sales in its current business year to decline by around five percent as customers increasingly hold back in the current economic gloom.

Recommended for you

Alibaba prices IPO at $68 per share

1 hour ago

Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves' den full of treasures, is ready to strike it rich on the New York Stock Exchange.

Larry Ellison releases helm of mighty Oracle ship

3 hours ago

Tycoon yachtsman Larry Ellison on Thursday stepped down as Oracle's chief executive, trusting a pair of lieutenants to steer the titanic business software firm he helped launch decades ago.

Alibaba's plan: Today, China. Tomorrow, the world.

8 hours ago

Amazon and eBay should watch their backs. As Chinese e-commerce powerhouse Alibaba readies what could be the biggest initial public offering ever on the New York Stock Exchange, it is quietly hinting at plans ...

User comments : 0