By Adria Calatayud


Dassault Systemes expects core revenue and earnings to grow in the third quarter and said it remains on track to close the majority of deals that were delayed this year.

The French software company said Thursday that it expects third-quarter revenue to rise to between 1.47 billion and 1.51 billion euros ($1.59 billion-$1.63 billion), while earnings per share are forecast at between EUR0.28 and EUR0.29. Guidance for both metrics is presented on an adjusted basis.

The company reiterated its guidance for the full year, which it cut earlier this month, citing delays that hit its results for the second quarter.

"We remain on track to close this year the majority of the deals that have been delayed, and the maturity of opportunities is improving as we advance through the year," Chief Executive Pascal Daloz said.

Dassault Systemes, like other European software companies, presents its figures as two sets of numbers. One set is based on the International Financial Reporting Standards--an international accounting method that seeks to provide a global reporting standard--but analysts and investors tend to follow non-IFRS numbers, which exclude certain items.

On an IFRS basis, the company's second-quarter net profit rose to EUR262.7 million from EUR222 million in the year-earlier period on revenue that grew to EUR1.50 billion from EUR1.45 billion.


Write to Adria Calatayud at adria.calatayud@wsj.com


(END) Dow Jones Newswires

07-25-24 0138ET