In 2024, Dassault Systèmes anticipates sales growth of 8%–10%

In 2024, Dassault Systèmes anticipates sales growth of 8%–10%

Dassault Systèmes, a French software company, reported full-year profitability in line with forecasts on Thursday and on Thursday anticipated revenue growth of 8 to 10 percent in constant currency in 2024, driven mostly by significant growth in subscriptions.

After a 9% increase in sales the previous year, the company, which supplies software to automakers, aircraft manufacturers, and industrial businesses, projects full-year non-IFRS revenue of 6.35 billion to 6.43 billion euros ($6.86 billion) to $6.95 billion in 2024.

According to LSEG's survey of analysts, the corporation will report 6.48 billion euros in sales in 2024.

With significant subscription growth during the year, overall quarterly software sales amounted to 1.48 billion euros, up 8 percent. Fourth-quarter subscription revenue was 1.12 billion euros.

In 2023, the group's diluted net income (non-IFRS) increased by 12 percent to 1.20 euros per share, matching the 1.20 euros that eighteen analysts had predicted based on a poll given by the firm.

Chief Financial Officer Reuven Bergman stated in a statement, "This performance was achieved in five years, as previously planned, despite the pandemic as well as geopolitical instability."

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