Dassault Systemes, a French multinational software company, has set a target of doubling its earnings per share (EPS) by 2028. The company's CEO, Bernard Charlès, said that the target is achievable through a combination of organic growth and strategic acquisitions.
Dassault Systemes provides software for product design, manufacturing, and engineering. The company's products are used by a wide range of industries, including aerospace, automotive, and healthcare.
In recent years, Dassault Systemes has been growing its software business through acquisitions. In 2022, the company acquired 3DEXPERIENCE Works, a software company that provides cloud-based solutions for product design and manufacturing.
Charlès said that Dassault Systemes is well-positioned to achieve its EPS target. The company has a strong track record of growth, and it is benefiting from the increasing demand for digital transformation in the manufacturing industry.
"We are confident that we can achieve our target of doubling EPS by 2028," Charlès said. "We have a strong business model, a talented team, and a clear strategy. We are well-positioned to capitalize on the opportunities in the market."
Dassault Systemes' EPS target is an ambitious one, but it is not out of reach. The company has a strong track record of growth, and it is benefiting from the increasing demand for digital transformation in the manufacturing industry. If Dassault Systemes can execute on its strategy, it is well-positioned to achieve its EPS target.
Here are some additional details about Dassault Systemes' target of doubling EPS by 2028:
- The company expects to achieve organic growth of 6% to 8% per year.
- Dassault Systemes also plans to make strategic acquisitions that will help it grow its business.
- The company expects to invest heavily in research and development, which will help it develop new products and services.
- Dassault Systemes is confident that it can achieve its EPS target by 2028.