April 23 (Reuters) - French software maker Dassault Systemes on Thursday reported first-quarter revenue of 1.51 billion euros ($1.77 billion), in line with estimates, helped by strong sales by its
Dassault Systemes reports first-quarter revenue in line with estimates
First-Quarter Financial Performance and Business Highlights
Revenue and Market Demand
April 23 (Reuters) - French software maker Dassault Systemes on Thursday reported first-quarter revenue of 1.51 billion euros ($1.77 billion), in line with estimates, helped by strong demand for its 3DExperience and Cloud businesses.
Industry Challenges and Strategic Focus
Hit by a prolonged slowdown in the global auto industry, Dassault Systemes, which provides software to automakers, plane manufacturers and industrial firms, is increasingly tapping augmented AI and data centers to drive growth.
Flagship Products and Solutions
Its flagship software platform 3DExperience offers 3D modelling, data management and project management tools.
Financial Metrics and Regional Growth
Overall group revenue rose 3% on a constant-currency basis from a year earlier, while operating margin came in at 30.3%.
"Europe saw healthy growth this quarter, broad data across regions, with strong contributions from consumer-centric industries", group CFO Rouven Bergmann told reporters.
Sector Performance and Key Clients
He said Dassault's offerings in product lifecycle management were growing faster in sectors such as food and beverage, and retail, with clients including Amazon and Ferrero.
Outlook and Forecasts
The group in February had forecast total quarterly revenue between 1.48 and 1.54 billion euros and an operating margin of 29.2%-30.7%.
On Thursday, it confirmed its full-year outlook for sales of 6.29 and 6.41 billion euros, an operating margin of 32.2% to 32.6%, and earnings per share of 1.30 to 1.34 euros.
Currency Note
($1 = 0.8548 euros)
(Reporting by Alessandro Parodi in Gdansk, editing by Sonia Cheema)
