Dassault Systemes posts Q1 profit of 73.7 mn euros

Apr 25, 2013

French software group Dassault Systemes posted on Thursday a two percent annualised rise in its first-quarter net profit, confirmed its 2013 targets and announced the acquisition of two European firms for undisclosed amounts.

Dassault Systèmes said that its in the three months from January through March edged up to 73.7 million euros ($95.9 million) on sales that gained six percent to 488.8 million.

The results were in line with the group's targets and Bernard Charles was quoted by a statement as saying: "In addition to our research and development work, we have been furthering our expansion through targeted acquisitions to complement our industry solutions portfolio."

Dassault Systemes said that it would buy the French company Archivideo, which it termed a "3D city modeling pioneer," and the German firm Fe-Design, a specialist in design for early-stage product development.

of those purchases were not revealed.

Meanwhile, Dassault Systemes confirmed its full-year 2013 sales target of between 2.07-2.10 billion euros, excluding foreign exchange effects.

"Turning to the second quarter, we are setting a revenue objective of about 515 million euros and expect to see new licenses revenue resume a positive growth evolution and recurring software revenue at a more normalized growth rate of about nine percent in constant currencies," the statement quoted finance director Thibault de Tersant as saying.

In the first quarter, its operating cashflow gained 12 percent to 185 million euros, and the group said that its board would ask shareholders to approve a of 80 euro cents per share, an increase of 14 percent from the last quarter of 2012, to be taken in cash or new shares.

Explore further: The New York Times to cut 100 newsroom jobs

add to favorites email to friend print save as pdf

Related Stories

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 posts 12 percent gain in third quarter profit

Oct 27, 2010

SAP, the professional software giant, posted on Wednesday a third quarter net profit of 501 million euros (690 million dollars), a gain of 12 percent from the same period a year earlier.

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.

Recommended for you

The New York Times to cut 100 newsroom jobs

11 hours ago

The New York Times Co. says it is cutting about 100 newsroom jobs through buyouts and layoffs in an effort to trim costs and focus more on its digital efforts.

What's PayPal's first solo move?

Sep 30, 2014

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

Sep 30, 2014

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

User comments : 0