- Dassault Systemes said fourth quarter net income under GAAP accounting rose to 69.0 mln eur from 60.1 mln, as it reaffirmed its 2006 sales and earnings guidance.
GAAP sales rose to 304.2 mln eur from 239.9 mln, driven by strong growth in both software and services revenues.
"The fourth quarter was an active period of new contracts across all software applications, end markets and regionally," the company said in a statement.
Looking ahead, CFO Thibault de Tersant reconfirmed Dassault Systemes' existing 2006 guidance.
The company is targeting full year non-GAAP sales of 1.105-1.115 bln eur, up 17-18 pct in constant currencies, with about 7 points of growth from newly acquired ABAQUS.
The 2006 non-GAAP operating margin is seen stable from 2005, with EPS targeted at 1.79-1.81 eur, excluding writedowns, acquisition costs and executives' share options. newsdesk@afxnews.com jms
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GAAP sales rose to 304.2 mln eur from 239.9 mln, driven by strong growth in both software and services revenues.
"The fourth quarter was an active period of new contracts across all software applications, end markets and regionally," the company said in a statement.
Looking ahead, CFO Thibault de Tersant reconfirmed Dassault Systemes' existing 2006 guidance.
The company is targeting full year non-GAAP sales of 1.105-1.115 bln eur, up 17-18 pct in constant currencies, with about 7 points of growth from newly acquired ABAQUS.
The 2006 non-GAAP operating margin is seen stable from 2005, with EPS targeted at 1.79-1.81 eur, excluding writedowns, acquisition costs and executives' share options. newsdesk@afxnews.com jms
COPYRIGHT
Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content,inculding by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
© 2006 AFX News