Dassault Systemes Stock Price, News & Analysis

Dassault Systèmes announced strong first-quarter results for 2022, with IFRS diluted EPS up 51% to €0.20 and non-IFRS EPS rising 20% to €0.27. Total revenue increased 8% year-over-year to €1.32 billion, driven by a 10% rise in licenses and other software revenue. Notably, cloud software revenue and 3DEXPERIENCE software revenue both grew 21%. The company raised its non-IFRS diluted EPS target to a growth of 9%-11% for the fiscal year, reflecting sustained positive business momentum and operational efficiency, despite the challenges posed by Russia's invasion of Ukraine.

Dassault Systèmes has announced its future governance structure, effective January 9, 2023, coinciding with the retirement of Chairman Charles Edelstenne. The Board of Directors recommends renewing terms for key leaders during the May 19, 2022, Annual General Meeting. Following the renewal, Edelstenne will transition to Honorary Chairman, while Bernard Charlès will become Chairman and CEO. Pascal Daloz will take on the role of Directeur Général Délégué. This strategic leadership succession aims to ensure stability and continuity in advancing Dassault Systèmes' long-term vision and market presence.

Faurecia has broadened its utilization of Dassault Systèmes’ 3DEXPERIENCE platform to enhance automated guided vehicle (AGV) logistics in its factories. The aim is to improve logistics flow, reduce costs, and ensure timely product delivery. This initiative supports Faurecia’s digital factory program, which optimizes production processes and aims for carbon neutrality by 2030. The enhancements allow for better simulation and planning of factory logistics, addressing the growing complexity of automotive manufacturing.

Eyelit Inc. has appointed Jason Adams as CEO and board member, aiming to enhance its leadership in factory Digital Transformation Solutions. The announcement follows a recent investment from Banneker Partners. Adams brings over 25 years of experience, having held significant roles in various industries, including medical devices and automotive. His leadership is expected to support Eyelit's growth and commitment to meeting changing customer needs in manufacturing. The company specializes in manufacturing execution and quality management solutions across several sectors.

Dassault Systèmes will announce its First Quarter 2022 results on April 27, 2022. The company, a leader in 3D design software, aims to provide insights into its operating performance as of March 31, 2022. A live webcast will take place at 10:00 Paris time, followed by a conference call at 09:00 New York time. Recordings will be accessible via the investor website.

Dassault Systèmes announced the total number of outstanding shares and voting rights as of March 31, 2022. The company holds 1,337,454,815 outstanding shares, corresponding to 1,998,446,861 voting rights. This data is provided in compliance with the regulations of the Autorité des marchés financiers. Shareholders are reminded to declare any crossing of thresholds as outlined in the regulation. For further inquiries, investors can reach out via the provided contact information.

Cvent (NASDAQ: CVT) has announced the appointment of Julie Iskow, President and COO of Workiva (NYSE: WK), to its board of directors, effective May 18, 2022. Iskow brings over two decades of experience in the SaaS sector, having led product development and global growth strategies. Her expertise is expected to enhance Cvent's operations and accelerate its growth, particularly in the evolving events landscape. Iskow will replace outgoing board member Sanju Bansal, whose term ends on the same date.

Unleash, the largest open-source feature management platform, has secured a $14 million Series A funding round led by Spark Capital. The capital will facilitate expansion in the U.S. and Europe while scaling product development, marketing, and sales. Notably, the platform boasts a 548% increase in Docker pulls and 8x year-over-year revenue growth from January 2021 to January 2022. Unleash aims to enhance developer flexibility and data control while adhering to strict data privacy, making it an attractive option for enterprises across various sectors.

Dassault Systèmes announced the filing of its 2021 Universal Registration Document with the Autorité des marchés financiers on March 17, 2022. This document includes the 2021 Annual Financial Report, the Board of Directors’ Report on corporate governance, and details of a proposed share repurchase program. Investors can access the report on Dassault Systèmes’ website or request hard copies at their headquarters.