DASSAULT SYSTEMES SA ADR - DASTY STOCK NEWS

Dassault Systèmes (DASTY) reported its Q2 2024 results, with total revenue growing 4% to €1.496 billion and non-IFRS diluted EPS up 8% to €0.30. For the first half of 2024, total revenue increased 5% with subscription revenue up 9%. The operating margin was 30.5%, and diluted EPS grew 10% to €0.60. 3DEXPERIENCE software revenue grew by 23% y/y in H1 despite observed volatility in customer decisions in June. The company updated its full-year outlook, now expecting total and software revenue growth of 6% to 8% and diluted EPS growth between 8% and 11%. Dassault Systèmes maintains a strong pipeline and expects to close the majority of delayed deals this year.

Medidata, a Dassault Systèmes brand, announced that Eisai Inc. has selected its AI-driven Clinical Data Studio to enhance clinical trial efficiency and patient experience. The solution aims to accelerate data review and reconciliation by 80%. Eisai will use this innovative data experience to gain better control over clinical data, execute complex trials, and improve patient experience.

Clinical Data Studio, powered by the Medidata Platform, centralizes management of all data sources, improving data reliability across the clinical trial ecosystem. It integrates data from Medidata and non-Medidata sources, streamlining the import process and enabling automatic validation. The AI-driven solution offers up to 80% faster data review and provides a comprehensive view of patient data for concurrent review, visualization, and action.

Dassault Systèmes has announced its preliminary non-IFRS unaudited financial results for Q2 2024, revealing a total revenue of approximately €1.495 billion, marking a 4% year-over-year increase but falling short of the company's €1.525-1.555 billion target. The revenue shortfall is mainly attributed to €30 million in transaction delays. Despite this, diluted EPS is estimated at €0.30, aligning with the company's guidance range of €0.30-0.31. In light of these results and ongoing customer decision-making volatility, Dassault Systèmes has updated its full-year 2024 guidance, forecasting total revenue growth of 6-8% and diluted EPS growth of 8-11%, down from previous projections of 8-10% and 10-12%, respectively. The company will hold a conference call to discuss these results and its financial outlook in detail.

Dassault Systèmes announced the total number of its outstanding shares and voting rights as of June 30, 2024.

As per the declaration, the company has 1,339,093,392 outstanding shares and 2,013,026,170 voting rights. This announcement complies with articles 223-16 and 221-3 of the General Regulation of the Autorité des marchés financiers.

The total number of voting rights is calculated based on the outstanding shares, even if some voting rights are suspended, aligning with article 223-11 of the General Regulation of the Autorité des marchés financiers.

On July 4, 2024, Bel Group and Dassault Systèmes announced a long-term partnership to transform the food industry towards sustainability. Leveraging Dassault's 3DEXPERIENCE platform, AI, and PLM, Bel Group aims to enhance efficiency and sustainability across its global manufacturing operations. The collaboration will integrate digitalization across the value chain, from product ideation to market launch, addressing the challenge of sustainably feeding 10 billion people by 2050. Key components include manufacturing operations management (MOM), AI for data-driven insights, and a collaborative PLM environment for streamlined processes and decision-making.

Dassault Systèmes has released its half-year statement for its liquidity contract with Oddo BHF SCA, revealing key figures as of June 30, 2023. The liquidity account shows 751,413 Dassault Systèmes shares and €7,894,954.59 in cash. Originally set up in January 2015 and updated in June 2019, the contract saw significant contributions in 2017 and 2018. Key metrics include 18,689 purchases and 16,358 sales from January 1 to June 30, 2023, with a total volume of 2,822,332 Dassault Systèmes stocks traded for €113,258,725.12 in purchases, and 2,471,906 stocks traded for €100,247,061.30 in sales.

Dassault Systèmes announced on June 20, 2024, that Mahindra & Mahindra, a prominent Indian automotive company, has selected its 3DEXPERIENCE platform on the cloud to advance its digital transformation. This strategic choice aims to enhance Mahindra & Mahindra's new product development efficiency, accelerate time to market, and meet sustainability goals. The platform will streamline team collaboration and decision-making by integrating various industry solution experiences like 'Drive Emotion,' 'Global Modular Architecture,' and 'Smart Safe and Connected.' This move is expected to improve the overall vehicle development process by providing real-time information and industry best practices.

The press release from Dassault Systèmes, dated June 11, 2024, announces details of the company's stock repurchase program. Authorized by the General Meeting of Shareholders on May 22, 2024, the repurchase activities occurred on June 4 and June 5, 2024. The company acquired a total of 2,983,000 shares across various markets including XP, DXE, TQE, and AQE at an average price of approximately €37.10 per share. Detailed information on daily volumes and acquisition prices for each transaction is available on Dassault Systèmes' investor relations website.

Valeo has partnered with Dassault Systèmes to enhance its R&D digitalization through the 3DEXPERIENCE platform. This collaboration aims to integrate over 15,000 Valeo users in a virtual ecosystem, employing generative design and data science for better innovation in electrification, autonomous driving, and software-driven technologies. This move is expected to optimize Valeo's R&D costs and improve decision-making through intelligent data usage. Dassault Systèmes' CEO highlighted the platform's role in enabling transformative innovations in the competitive automotive industry.