French technology company Dassault Systemes announced Thursday that its first-quarter earnings met Wall Street expectations, posting revenue of 1.51 billion euros (equivalent to $1.77 billion).
The software manufacturer saw its quarterly revenue drop by 4% compared to the same period last year when calculated on a constant-currency basis. However, the company’s operating margin reached 30.3% during the three-month period.
Dassault Systemes specializes in providing software solutions to automotive manufacturers, aerospace companies, and various industrial enterprises. The company’s performance was bolstered by robust sales from its 3DExperience platform and cloud-based services.
Earlier in February, company executives had projected quarterly revenue would fall between 1.48 and 1.54 billion euros, with operating margins expected to range from 29.2% to 30.7%.
Looking ahead to the remainder of the year, Dassault Systemes maintained its annual projections on Thursday, anticipating total sales between 6.29 and 6.41 billion euros. The company also reaffirmed expectations for yearly operating margins of 32.2% to 32.6% and earnings per share ranging from 1.30 to 1.34 euros.
