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CATIA Feature

Dassault Revenue Up 24% in 2006

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Randall S. Newton, February 15, 2007

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Dassault Systemes (NASDAQ: DASTY) reported strong 2006 fourth quarter and full-year financial results this week. Total revenue increased 24% to €1.16 billion ($1.52 billion) on a 23% increase in software revenue and a 29% increase in services and other revenue. The revenue gain was up 26% in constant currencies.

“2006 was a remarkable year for Dassault Systemes,” said company CEO Bernard Charles. “We met all our financial objectives. We extended PLM market leadership, surpassing the 25 percent market milestone.”

2006 was the tenth year of DS as a public company, and Charles commented on the track record during a briefing for analysts: “Over this timeframe, Dassault has established a strong performance track record, delivering compound annual growth of 18% for revenues and 15% for earnings. With leading brands in growing markets, I believe we are well-positioned to attain our 2005-2010 goals of doubling both revenue and earnings.” Dassault is pleased with its recent acquisitions of Abaqus and MatrixOne, and will likely seek additional purchases in 2007.

For the fourth quarter of 2006, DS reported total revenue of €349.4 million ($456.7 million), up 15% (up 20% in constant currencies). Earnings per share for the quarter increased 14% to €0.66. DS attributed the increases to higher operating income and a lower effective tax rate.

The full article is available for a fee at CADCAMNet.

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