Dassault Systèmes, the French parent company of Providence-based virtual-testing developer Simulia, saw its annual profit rise 10.92 percent last year to 198 million euros in constant currencies (about $254.8 million at today’s rate of exchange) from the €178.5 million ($229.7 million) it posted for 2007. That outpaced companywide revenue, which grew 6.04 percent year-over-year to $1.72 billion.

Earnings per diluted share rose to €1.66 (about $2.137) from 2007’s €1.49 ($1.918).

Those gains came despite a lackluster fourth quarter, in which “an increasingly difficult macroeconomic environment” spurred contract deferrals that hurt the period’s revenue, margin and earnings, the company said in its report early today

Full Story: Simulia parent’s profit rises 10.92% Source: Providence Business News, February 11th, 2009 Author: Susan A. Baird Added on February 11th, 2009 at 2:39 pm, by Matt Mikula