Energy News  
Dassault Systemes boosts software profits, stock takes off

by Staff Writers
Paris (AFP) Jul 27, 2006
French software group Dassault Systemes increased net profit in the second quarter by 14.0 percent, it said on Thursday, sparking an 11.76-percent rise in its share price.

Operating profit leapt by 27.0 percent to 70.2 million euros (88.5 million dollars).

The stock rose to 40.30 euros also in response to an upgrading of full-year prospects, analysts said.

Dassault Systemes reported a net profit in the second quarter of 43.4 million euros, an increase of 14.0 percent on the figure 12 months ago.

Sales were boosted by a 35.0-percent increase in sales of software and by recent acquisitions of Abaqus and Matrix One.

The company said that it was raising its target for growth of annual sales at constant exchange rates to 27.0-28.0 percent from 25.0-26.0 percent, and raised its forecast for earnings per share to 1.77-1.79 euros from 1.75-1.77 euros previously.

In the second quarter, earnings per share were 0.37 euros.

Finance director Thibault de Tersant said: "Despite signs of a possible slowing of the economic environment, we think that the second half will be more dynamic than we had expected."

But the group would revise its expectations of the exchange rate between the dollar and yen.

One stock trader in Paris who declined to be named said: "This company has a habit of providing agreeable surprises and this is the case again: a remarkable performance in a sector of technology which has been rather the cause of disappointment this year."

At Global Equities, analysts commented that the quarterly results "are above our expectations and the company's forecasts".

In addition "and contrary to our expectations, the company has revised upwards its outlook for growth for 2006, and this is a particularly strong signal given that the prospects for the sector are less clear".

Community
Email This Article
Comment On This Article

Related Links
All about the technology of space and more



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


NEC, Matsushita to set up new mobile phone venture
Tokyo (AFP) Jul 27, 2006
Japanese firms NEC Corp and Matsushita Electric Industrial Co said Thursday they agreed to set up a new joint venture to develop mobile phone handsets operations.







  • China to introduce fuel tax
  • Congestion Might Clog Nation's Power Grid
  • High-Tech Hydrogen Scooter Designed To Sell Clean Technology
  • Fuel Cells, A Neglected Clean Source Of Energy

  • Lithuania invites Poland to join nuclear plant project
  • Russia to build Kazakhstan's first nuclear power plant
  • India says no compromise on US nuclear deal
  • House to debate US-India nuclear energy bill

  • NASA Experiment Finds Possible Trigger For Radio-Busting Bubbles
  • California's Model Skies
  • ESA Picks SSTL To Develop Atmospheric CO2 Detector
  • Faster Atmospheric Warming In Subtropics Pushes Jet Streams Toward Poles

  • Malaysia And Indonesia Join Forces To Dampen Haze Problem
  • Fires Rage In Indonesian Borneo And Sumatra
  • WWF Warns Over Pulp Giant In Indonesia
  • World Bank Vows To Improve Forestry Program In Cambodia

  • Smog Damage To Crops Costing Billions
  • WWF Reports That Bluefin Tuna Fishery Threatened In East Atlantic
  • Reducing The Global Need For Nitrogen Fertilizers
  • Food-Crop Yields In Future Greenhouse-Gas Conditions Lower Than Expected

  • Toyota To Expand Hybrid Car Range In US
  • Ford First To Offer Clean-Burning Hydrogen Vehicles
  • Smart Cars To Rule The Roads
  • Nano Replacement For Petroleum

  • Boeing Puts Aircraft Market At 2.6 Trillion Dollars
  • Innovative Solutions Make Transportation Systems Safer Secure and Efficient
  • Joint Strike Fighter Is Not Flawed Finds Australian Government
  • Globemaster Airdrops Falcon Small Launch Vehicle

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement