Dassault Systems revises upward its 2010 targets
Dassault Systemes announces quarterly results better than expected. In its statement, the company said it raised its forecasts to reflect the decline of the euro. He is now based on a dollar to 1.40 euro and 130 yen, against $ 1.45 previously and 140 yen
The publisher of software design and computer aided manufacturing, which has seen an improvement in activity on its main brands in the first quarter, posted a profit for the period from 51.3 million euros (+18%) . Returned to action, the net spring 0.43. For its part, the turnover reached 312 million euros, up 1% at constant exchange rates. Sales of new licenses have been particularly strong with an increase of 19%.
Net earnings per share expected between 2.19 and 2.28 euros for 2010
For the second quarter, Dassault Systems * expects net earnings per share in the range from 0.46 to 0.50. The turnover would be between 360 and 370 million and margin of around 23%. Dassault Systemes exceed its own forecasts. As analysts, were their latest estimates show a consensus of 0.37 euros.
For the full year, the group now expects earnings per share of 2.19 to 2.28 euros, a growth of 18% to 23%, from 2.09 to 2.19 euros before cons.
The group confirms its objective of raising 15% to 17% of its annual sales at constant exchange rates, with an operating margin of approximately 26%.
* The Dassault owns Le Figaro.