French PLM heavyweight Dassault Systemes on Thursday reported a modest 6% year-over-year rise in second-quarter non-GAAP revenue to €326.2 million and a 10% rise in net income to €55 million, but slightly lowered its 2008 revenue forecast following the spin-off of its DSF reseller operations.
“Dassault Systemes had an excellent second quarter and first half, reflecting the contribution of our PLM solutions to product competitiveness and innovation,“ CEO Bernard Charles said in a statement on results for the quarter ended June 30, 2008. “In particular, we had an excellent dynamic in software across our leading brands with new wins and additional business in many of our verticals, including automotive, aerospace, high tech, energy, apparel, and life sciences, among others.”
In a conference call with analysts this morning, CFO Thibault de Tersant pointed out that the quarter’s growth was “achieved without any mega-deals.”
Tersant noted that while Dassault “had a healthy growth of new license revenue,” service revenue fell 8% year over year to €48.2 million. He described the service decline as “very well-aligned with our expectations” following the dismantling of its SMB reseller partnership with IBM.