Dassault Systèmes, the French parent company of Providence-based virtual-testing developer Simulia, saw its earnings shrink at least 10 percent in the final quarter of 2008, the company said today. Total sales continued to rise, but only because of favorable changes in foreign exchange rates, the company added.

In the unaudited results released today, DS predicted 2008 full-year earnings of €2.01 to €2.06 per share (about $2.66 to $2.73 per share, at the current rate of exchange), an increase of 1.5 percent to 4.0 percent from its 2007 earnings of €1.98 per share (about $2.62), on full-year revenue that grew 5 percent to €1.34 billion (about $1.77 billion) – the bottom end of the company’s previously announced goal of €1.34 billion to €1.35 billion ($1.77 billion to $1.79 billion).

Full Story: Simulia parent’s 4Q earnings fall 10%-17% Source: Providence Business News, January 16th, 2009 Author: Susan A. Baird Added on January 16th, 2009 at 3:35 pm, by Matt Mikula