Dassault Systemes' Americas revenues reach US$178mn in Q4

Monday, February 14, 2011

French software provider Dassault Systemes reported 132mn euros (US$178mn) in revenues in the Americas during the fourth quarter of 2010, up 18% in constant currency compared with 103mn euros in 4Q09, according to results released by the company.

Dassault saw its yearly revenues in the Americas grow 12% in constant currency, from 386mn euros in 2009 to 456mn euros in 2010.

Global net income for Q4 was 78.7mn euros, up from 76.9mn euros during 4Q09. Total revenues for the company during Q4 were up 29% in constant currency to 463mn euros, compared to 339mn euros in the same quarter last year.

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Yearly net income was reported at 220mn euros, up from 170mn euros in 2009. Dassault saw yearly revenues of 1.56bn euros, representing 20% growth in constant currency from 1.25bn euros in 2009.

The company said it achieved all of its financial objectives for 2010 and is on the right track to meet its five-year goals, which it outlined last year.

Dassault expects 2011 to be a strong year for the company, predicting double-digit growth in new license revenues. Objectives for 2011 include first quarter non-IFRS total revenue to hit 390mn-400mn euros, as well as non-IFRS full-year revenue growth between 9% and 11% in constant currencies, or 1.68bn-1.71bn euros.

Use this link to view the full results.