Highlights
Dassault Systèmes Reports 2020 Fourth Quarter Results
At the High End or Above Company Guidance
Q4 & FY 2020 Results
- Q4 benefited from large deal activity on both a license and subscription basis
- FY IFRS EPS of €1.86 and non-IFRS EPS of €3.77
- FY Recurring Revenue up 27% to €3.2 billion, 80% of total software (IFRS and non-IFRS)
- Cash flow from operations up 5% to €1.24 billion for 2020
- Strong Medidata performance: revenues, customer growth, and backlog for 2021
- DS initiates 2021 non-IFRS financial objectives: total revenue up 9% to 10% at constant currency and EPS of €4.10 to €4.15, up 13% to 14% at constant currency
Q1 & FY 2021 Financial objectives
1st Quarter
- Non-IFRS revenue objective: €1.145 - €1.170 billion, growing +6% to +8% in constant currencies
- Non-IFRS operating margin objective: 30.4% to 31.1%
- Non-IFRS EPS objective: €0.98 - €1.03 ranging from +3% to +8%
Year 2021
- Non-IFRS revenue objective: €4.715 - €4.765 billion, growing +9% to +10% in constant currencies
- Non-IFRS operating margin objective: ~30.8%
- Non-IFRS EPS objective: €4.10 - €4.15 ranging from +8% to +10%