Dassault Clocks 11% Revenue Growth In Q2

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  • Dassault Systemes SA DASTY reported second-quarter FY22 revenue growth of 11% in CC year-on-year to €1.38 billion.
  • Software revenue grew 11% in CC to €1.25 billion. Licenses and other software revenue increased 14% in CC Y/Y to €271.6 million. 
  • Services revenue increased 14% in CC. 3DEXPERIENCE software revenue increased 30% Y/Y, and Cloud software revenue grew 23% Y/Y.
  • The non-IFRS operating margin remained flattish at 32%.
  • The non-IFRS EPS grew 11% in CC to €0.26.
  • Dassault generated €417.3 million in operating cash flow and held €3.16 billion in cash and equivalents.
  • Outlook: Dassault reaffirmed revenue growth of 9%-10% in CC.
  • Dassault raised its EPS growth outlook to €1.08 - €1.10 from €1.04 - €1.06. 
  • Price Action: DASTY shares traded higher by 0.75% at $40.22 on the last check Tuesday.
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