Management

Dassault Systèmes Reports 29% Jump in Q3 Revenue (Cadalyst Daily Archive)

27 Oct, 2006 By: Sara Ferris

Financial update reflects acquisition of Abaqus, MatrixOne


Manufacturing
 

Dassault Systemes released its third-quarter earnings report yesterday, highlighted by a 29% increase in GAAP total revenue to €276.3 million (approximately US$350.6 million). Part of the increase comes from two acquisitions made last year: Abaqus and MatrixOne. President and CEO Bernard Charles says the company is "very pleased with how well our two major acquisitions have performed. Abaqus has had an excellent first year, with four consecutive quarters of solid execution, revenue growth and operating margin contribution." In addition, MatrixOne continues to exceed its financial targets and performed strongly in the high-tech and semiconductor markets, Dassault reports. Charles notes that MatrixOne is creating new vertical opportunities for CATIA as well as appealing to many existing customers.  Read more >>p>

 

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About the Author: Sara Ferris


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