French software firm posts non-IFRS operating profit of EUR589.8 million in 4Q 2023
- Dassault Systemes expects continued revenue growth and increased profitability in the coming year
- Non-IFRS operating profit rose to EUR589.8 million in 4Q 2023
- Revenue increased 8% at constant currency to EUR1.64 billion
- Operating margin of 35.9%, a percentage point higher than in the same period of 2022
- Full-year operating profit of EUR1.93 billion on revenue of EUR5.95 billion
- Company expects revenue growth of 8%-10% this year, excluding currency effects
Dassault Systemes, the French software firm, expects continued revenue growth and increased profitability in the coming year after reaching its guidance for the last months of 2023. In the fourth quarter of 2023, the company posted a non-IFRS operating profit of EUR589.8 million, a rise from EUR552.1 million in the same period a year earlier. Revenue also increased by 8% at constant currency to EUR1.64 billion, driven by growth in the mainstay software business. The operating margin for the quarter was 35.9%, one percentage point higher than the same period in 2022. For the full year, Dassault Systemes achieved an operating profit of EUR1.93 billion on revenue of EUR5.95 billion, representing a margin of 32.4%. Looking ahead, the company expects revenue growth of 8%-10% this year, excluding currency effects.
Public Companies: Dassault Systemes (N/A), BMW (N/A)
Private Companies:
Key People: Joshua Kirby (N/A)
Factuality Level: 8
Justification: The article provides specific financial figures and statements from Dassault Systemes, a French software firm. The information is presented in a straightforward manner without any obvious bias or opinion. However, the article does not provide any external sources or additional context to verify the accuracy of the information.
Noise Level: 3
Justification: The article provides relevant information about Dassault Systemes’ financial performance and future expectations. It includes specific figures and percentages to support its claims. However, it contains some unnecessary information about the company’s accounting methods and a separate announcement about a partnership with BMW, which is not directly related to the main topic.
Financial Relevance: Yes
Financial Markets Impacted: Dassault Systemes
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial performance and outlook of Dassault Systemes, a French software firm. It provides information on the company’s revenue growth, profitability, and partnership with BMW. There is no mention of any extreme event or its impact.
www.marketwatch.com 
