# Dassault Systemes targets doubling of earnings per share by 2028, announces new CEO
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-06-09
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Dassault Systemes plans to double earnings per share by 2028
Meta Description: Discover how French software provider Dassault Systemes plans to double its earnings per share by 2028, shift to a subscription model, and expand addressable
URL: https://financedigest.com/dassault-systemes-targets-doubling-of-earnings-per-share-by-2028-announces-new-ceohtml

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# Dassault Systemes targets doubling of earnings per share by 2028, announces new CEO

(Reuters) -French software provider Dassault Systemes on Friday forecast a doubling of its earnings per share (EPS) by 2028, and announced a new CEO.

Dassault said it plans to reach non-IFRS EPS between 2.20 euros and 2.40 euros by 2028, roughly double the 1.13 euros it posted for the full year of 2022.

The group is implementing its Horizon 2040 strategy, and like many software providers is shifting from a model based on licenses, whereby clients pay for software up front, to a subscription model.

Proponents say subscription models give companies a more predictable revenue stream, which helps [planning and managing](https://www.financedigest.com/financial-planning-for-freelancers-managing-irregular-income.html "Financial planning for freelancers: managing irregular income") costs.

Dassault [Systèmes will increase its addressable markets](https://www.financedigest.com/sompo-international-deploys-guidewire-system-for-london-market-policy-management.html "Sompo International Deploys Guidewire System For London Market Policy Management") from €100 billion today to €1 trillion by 2040,” the company said in a statement.

The company, which supplies software to automakers, airplane manufacturers and industrial clients, also [announced that its deputy Chief Executive](https://www.financedigest.com/growth-street-the-sme-finance-platform-announces-that-founder-greg-carter-has-replaced-james-sherwin-smith-as-chief-executive-officer.html "Growth Street, the SME finance platform, announces that founder Greg Carter has replaced James Sherwin-Smith as Chief Executive Officer") Pascal Daloz will become its new CEO as of Jan. 1, 2024.

He will replace Bernard Charlès, who will continue as chairman.

(Reporting by Olivier Sorgho and Augustin Turpin; Editing by Tom Hogue and Gerry Doyle)


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