PARIS – Dassault Systèmes, parent of Providence-based finite-element analysis software maker ABAQUS, today recorded first-quarter net income of 32.9 euros or $44 million (based on the March 30 exchange rate), an increase of 5 percent compared with the 2006 first quarter.
Net income per diluted share totaled 37 cents (0.28 euros), an increase of 8 percent over the year-ago period.
First-quarter revenue increased 15 percent to $389 million (290.9 million euros); excluding the effects of exchange-rate changes, the increase was 21 percent.
(All figures are based on GAAP – U.S. generally accepted accounting principles.)
Bernard Charles, president and CEO of Paris-based Dassault, credited the creation of a new product life cycle management mid-market sales channel and a “redesigned” partnership with IBM for the quarter’s improvements. The company also noted that while operations in the Americas, Asia and Europe all contributed to the sales increases, sales in the Americas contributed the most growth, 27 percent, or 38 percent in constant currencies.
Separately, Dassault announced that it has entered into an agreement to acquire ICEM, a provider of surface modeling and rendering software, for $69.8 million (51.4 million euros, based on yesterday’s exchange rate).
Dassault Systèmes (Nasdaq: DASTY and Paris: DSY) specializes in 3D and Product Lifecycle Management (PLM) solutions. It is the parent of parent of the Providence-based Simulia (www.simulia.com), a developer of DS-simulation software including the ABAQUS and CATIA analysis applications. For more information about Dassault Systèmes’ first-quarter performance, go to www.3ds.com/corporate/investors/earnings.
