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Dassault Systèmes Q2 revenue rises to $1.78 billion

FILE PHOTO: Logo of Dassault Systemes SE is seen on a company building in Paris
FILE PHOTO: A logo of Dassault Systemes SE is seen on a company building in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier/File Photo

July 23 (Reuters) - French software maker Dassault Systèmes reported higher second-quarter revenue of 1.56 billion euros ($1.78 billion) on Thursday, as demand for its 3DEXPERIENCE software helped offset weakness in automotive. The company, which provides 3D design, simulation and product lifecycle management software to automakers, plane manufacturers, industrial firms and drugmakers, said

July 23 (Reuters) - French software maker Dassault Systèmes reported higher second-quarter revenue of 1.56 billion euros ($1.78 billion) on Thursday, as demand for its 3DEXPERIENCE software helped offset weakness in automotive. 

The company, which provides 3D design, simulation and product lifecycle management software to automakers, plane manufacturers, industrial firms and drugmakers, said total revenue rose 4% on a constant-currency basis in the quarter.

Dassault confirmed its full-year outlook.

Cloud software revenue also rose 14%, while annual run rate, a metric Dassault uses to track recurring contract value, reached 4.44 billion euros, up 6% year-on-year.

Dassault also said it would acquire ArisGlobal, a life sciences software company focused on safety and regulatory intelligence, as it seeks to build a unified AI platform connecting molecule, patient and real-world outcomes.

($1 = 0.8748 euros)

(Reporting by Leo Marchandon in Gdansk; Editing by Rashmi Aich and Nivedita Bhattacharjee)

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