Dassault Systemes reported a healthy third quarter, with GAAP
total revenue up 29% to €276.3 million, compared to €213.8
million in the third quarter of 2005. Net income increased
slightly to €40.9 million, up from €37.8 million in the same
quarter of 2005. The company updated its 2006 objectives and
provided initial 2007 guidance.
Software revenue increased 23% to €225.4 million; service and
other revenue increased 67% to €50.9 million for the third
quarter, compared to €30.5 million in third quarter 2005. The
percentage gains are very close to what Dassault reported in the
previous two quarters.
In dollars, net income for the quarter was $51.9 million,
cash on hand $578 million, and total revenues $350.9 million.
SolidWorks seats licensed increased 19% year-over to 9,544
licenses for the 2006 third quarter. New CATIA seats licensed
decreased from the year-ago period by 4% to 7,431. Dassault says
that its major acquisition from 2005, Abaqus, had four
consecutive quarters of “solid execution, revenue growth and
operating margin contribution,” but did not break out specific
sales numbers in their report.
Organic growth for the quarter (subtracting out the MatrixOne revenue) was 19% year-over. Consensus analyst
estimates for the third quarter were €283 million revenue and
EPS of 35 cents; Dassault came in slightly below the revenue
figure but exceeded the earnings per share estimate.
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