By Joshua Kirby

Dassault Systemes SE on Tuesday updated its multiyear guidance targets, as it sees significant market opportunities.

The French software company is aiming to achieve a non-IFRS earnings-per-share compound annual growth rate of around 13% over five years and double its non-IFRS earnings per share to around six euros ($7.11) in 2024, according to Chief Operating Officer and Chief Financial Officer Pascal Daloz.

Dassault Systemes is targeting non-IFRS revenue growth of about 10% at constant currency by 2023 and operating cash flow of around EUR1.5 billion between 2020 and 2024, as well as non-IFRS revenue from cloud software reaching EUR2 billion by 2025, Mr. Daloz added.

The new targets are updates of ones the company released in June 2018.

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

(END) Dow Jones Newswires

November 17, 2020 01:54 ET (06:54 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Grafico Azioni Dassault Systemes (EU:DSY)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Dassault Systemes
Grafico Azioni Dassault Systemes (EU:DSY)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Dassault Systemes