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Dassault Systemes Profit Jumps; Outlook Raised

By Michael Kitchen

Published July 29, 2010

| MarketWatch Pulse

LOS ANGELES -- Dassault Systemes said Thursday its second-quarter profit totaled 48.6 million euros ($63.2 million), or €0.40 a share, from €25.6 million, or €0.22 a share, in the same quarter a year before, according to International Financial Reporting Standards. Revenue for the quarter was €385.6 million, rising from €310.9 million in the year-ago period. The company also raised its revenue growth outlook to "about 22% to 25% in constant currencies" for the second half of the year. The company said it benefited from its acquisitons of French firms Exalead and Geensoft, as well as from its various strategic partnership.

Copyright © 2010 MarketWatch, Inc.

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