Preliminary Q2 2024 Dassault Systemes SE Earnings Call Transcript
Key Points
- Dassault Systemes SE (DASTF) reported a 4% revenue growth in constant currency for Q2, reaching approximately EUR1.495 billion.
- Preliminary Q2 EPS came in at EUR0.3, aligning with the company's objectives of EUR0.30 to EUR0.31.
- The company observed an 8% increase in mid-sized transactions around EUR500,000, indicating healthy business activities.
- Operating cash flow for Q2 was in line with projections, showing positive working capital improvements.
- Dassault Systemes SE (DASTF) remains confident about growth opportunities in H2, particularly with the 3DEXPERIENCE platform and Life Sciences sector.
- The company missed its Q2 revenue target by EUR30 million, or 2%, due to delays in customer signings in a complex geopolitical environment.
- Large transactions, particularly in aerospace and defense, were postponed, impacting revenue contributions from North America and Europe.
- Increased volatility in decision-making was observed in the last weeks of the quarter across Europe and the US.
- The company had to adjust its full-year outlook to reflect 6% to 8% total revenue growth, down from initial expectations.
- There is uncertainty regarding the timing of closing a significant mega deal, which could impact future quarters' revenue.
Good day, and thank you for standing by. Welcome to the Dassault Systemes preliminary second-quarter 2004 results conference call. (Operator Instructions). Please be advised that today's conference is being recorded. I will now like to hand the conference over to your speaker today, Patrick Maximus. Please go ahead.
Thank you for a good afternoon and good morning, ladies and gentlemen. Thank you for joining us for a review of our second-quarter preliminary financial results. On the conference call are Pascal Daloz, CEO; and Rouven Bergmann, CFO. Dassault Systemes results are prepared in accordance with IFRS. On this call, our discussion will be limited to non-IFRS financial information in order to make comparisons to our financial objectives, which are presented solely on a non-IFRS basis.
All growth figures will be on a constant currency basis. These figures are before deferred revenue write-downs, amortization of acquired intangibles, share-based compensation expenses and
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