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.
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(END) Dow Jones Newswires