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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