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CATIA Feature

Dropping Dollar Steals 10% From Dassault Systemes Revenue in First Quarter

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Randall S. Newton, May 5, 2008

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Dassault Systèmes says the continued drop of the dollar cost it nearly 10% in lost revenue during the first quarter of 2008, ending March 31. Nonetheless the French PLM vendor reported first quarter revenue of €307.4 million ($478.6 million), up 12% in constant currencies from the first quarter of 2007.

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With no end to the dollar’s weakness in sight, Dassault told analysts this week it is restating downward its yearly revenue forecast. The new prediction is in the range of €1.33 billion to €1.34 billion, down nearly €40 million.

Net income for the quarter was €40.6 million ($63.2 million), up from €32.9 million ($51.2 million) in Q1 2007.

By geographic region and in constant currencies, all regions saw double-digit sales increases. Total revenue in Europe was up 13% followed by the Americas up 12%, and Asia up 10%.

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