(Reuters) – Dassault Systèmes on Wednesday revised its earnings per share (EPS) forecast upwards for 2023, after faster-than-expected growth in its turnover in the third quarter.
The French software maker forecast full-year earnings per share of between 1.19 euros and 1.21 euros, compared to a previous forecast of between 1.18 and 1.20 euros per share.
The group also maintained its annual turnover growth target of between 8 and 9%.
The group’s third-quarter revenue increased 11% at constant exchange rates to 1.42 billion euros, at the high end of its forecast range (1.40-1.42 billion euros). euros).
This result reflects an 18% increase in subscription revenue, driven by a growing share of large 3DEXPERIENCE contracts and the adoption of a subscription model, Dassault Systèmes said.
Sales growth of the 3DEXPERIENCE platform, which offers 3D modeling, data management and project management tools, accelerated to 46% in the third quarter, compared to 15% during the same period last year. last year, and only 2% in the second quarter.
Its software revenue grew 12% during the quarter, driven by constant currency growth of 21% in Europe. The Americas region saw an increase of 9% during the quarter and sales in Asia increased by 5%.
“China is showing resilience by posting mid-single-digit growth, despite a tightening macroeconomic environment in the third quarter,” the group added.
(Report by Pierre John Felcenloben, by Dagmarah Mackos, edited by Blandine Hénault and Kate Entringer)
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