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Dassault Q2 IFRS Profit Falls, To Acquire Quintiq For EUR250 Mln

Dassault Systemes SA (DASTY.PK), a French developer of 3D design software, Thursday said second-quarter IFRS net income declined to 66.5million euros from 81.8 million euros.

Earnings per share fell 19 percent to 0.52 euro from 0.64 euro.

IFRS revenues rose 7 percent to 556.8 million euros from 522.0 million euros. Software revenue improved 4 percent to 495.6 million euros.

On a constant currency basis, total revenue increased 10 percent, with software higher by 7 percent and services and other revenue increasing 33 percent.

Looking ahead, non-IFRS earnings per share for the third quarter is estimated in a range of 0.83-0.88 euro or 0.41 to 0.44 euro on a split-adjusted basis.

Third-quarter non-IFRS total revenue objective is about 560-570 million euros.

The company reaffirmed its 2014 financial objectives, updating them for the inclusion of the recent SIMPACK acquisition. Full year non-IFRS earnings per share range is about 3.50 euros or 1.75 euros on a split-adjust basis, essentially stable compared to 2013.

2014 non-IFRS revenue growth objective is a range of about 14 to 15 percent in constant currencies.

The company also announced the signing of a definitive share purchase agreement to acquire Quintiq, a leading provider of on-premise and on-cloud supply chain and Operations Planning & Optimization software, for approximately 250 million euros.

The acquisition of Quintiq extends Dassault Systèmes' 3DEXPERIENCE platform to business operations planning and further enables its longtime goal of harmonizing product, nature and life.

by RTTNews Staff Writer

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