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Dassault Systemes Q3 Profit Down - Quick Facts

Dassault Systemes SA (DASTY.PK), a French developer of 3D design software, reported that its third-quarter net income attributable to equity holders of the parent declined to 71.5 million euros from last year's 89.5 million euros, with earnings per share decreasing to 0.28 euros from 0.35 euros in the same quarter last year.

Operating income was 102.3 million euros, down from 113.2 million euros in the previous year.

But, non-IFRS earnings per share rose to 0.45 euros from 0.44 euros in the previous year.

Total revenue for the quarter grew to 562.1 million euros from 493.4 million euros in the prior year.

Thibault de Tersant, Senior Executive Vice President, CFO, said, "Our third quarter performance tracked with our financial objectives, with revenue in line and operating margin evolution somewhat ahead. Our revenue results demonstrated solid demand across our largest brands. We were particularly pleased with the sharply higher new licenses revenue growth for both CATIA and ENOVIA, in the quarter as well as year-to-date on a constant currency basis."

For the fourth quarter 2014, the company expects non-IFRS total revenue objective of about 670 million euros - 680 million euros based upon the exchange rates assumptions below, representing a variation of about 18% to 19% excluding currency effects, and non-IFRS earnings per share of about 0.50 euros to 0.55 euros.

The company projects 2014 non-IFRS revenue growth objective range of about 15% to 16% in constant currencies or 2.325 billion euros to 2.335 billion euros based upon the 2014 currency exchange rate assumptions below.

The company anticipates 2014 non-IFRS earnings per share range of about 1.75 euros -1.80 euros, stable to up slightly compared to 2013; excluding the estimated net negative currencies impact, the non-IFRS earnings per share objective would represent an estimated 8% growth compared to 2013.

by RTT Staff Writer

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