By Mauro Orru

Dassault Systemes SE on Thursday said it is on track to hit its 2024 earnings-per-share target and cash in on what the company called significant long-term growth opportunities.

The French software maker said it aims to achieve a non-IFRS EPS of 1.20 euros ($1.25) in 2024, as more customers turn to the cloud.

"Our customers are choosing cloud to accelerate innovation, speed of execution and to advance new business models. This trend is also becoming a catalyst to progressively transform Dassault Systemes," Chief Financial Officer Rouven Bergmann said.

Chief Operating Officer Pascal Daloz said the company has significant room to grow, citing a potential EUR100 billion market.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

June 16, 2022 01:44 ET (05:44 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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