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Dassault Systemes Q3 Profit, Revenue Climb; Updates FY Outlook

Technology company Dassault Systemes SA (DASTY.PK) Thursday said its attributable net income for the third quarter climbed to 105.5 million euros from 71.5 million euros reported last year.

Earnings per share were 0.41 euro, compared to 0.28 euro last year. Results are on IFRS basis.

On a non-IFRS basis, earnings per share totaled 0.58 euro.

Total revenue grew to 675.7 million euros from 562.1 million euros in the prior year, led by Europe and Americas on broad-based regional demand.

For the fourth quarter, on a non-IFRS basis, earnings per share are projected to be 0.66 euro and revenue in the range of 745-755 million euros.

For 2015, non-IFRS earnings per share is expected to be about 2.20 euros, and revenue growth objective is about 12 percent in constant currencies at 2.82 billion euros to 2.83 billion euros.

In July, the company expected non-IFRS revenue of 2.80 billion euros to 2.82 billion euros, and earnings per share of about 2.15 euros.

The company today attributed the upgrade to third-quarter currency evolution and tax reserve reversal.

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