Dassault Systèmes reports strong Q3, announces Elsys acquistion

Dassault Systèmes has announced better than expected Q3 results, with total revenues up 7% year on year from €403.6m to €432.8m.

Net income for the PLM specialist was also up, reaching €76.4m from the €55.4m reported in Q3 2010.

Bernard Charlès (pictured), Dassault Systèmes' president and ceo, commented: "We are pleased with our third quarter financial performance. The quarter's performance was driven by solid demand from customers and the benefits we are deriving from our addressable market expansion. With a dynamic first half and third quarter above our expectations, we are increasing our full year financial objectives"

In a separate statement, Dassault also announced its acquisition over Elsys, a provider of interactive electrical engineering and disruptive multi discipline generative schematics solutions.

The buyout is aimed at realising an integrated solution that brings together Dassault's existing electrical applications on a single platform.