Report
Gregory Ramirez

DASSAULT SYSTÈMES: Q3 2019 meeting and call feedback: time for Medidata | NEUTRAL | EUR131

DASSAULT SYSTÈMES - NEUTRAL | EUR131
Q3 2019 meeting and call feedback: time for Medidata

FY19 guidance basically unchanged if we exclude Medidata.
The Toyota deal is promising for the automotive industry
SolidWorks still has strong potential ahead
We include Medidata in our model, Fair Value unchanged
Underlying
Dassault Systemes SA

Dassault Systemes provides software products & consulting services. Co.'s software applications allow businesses to digitally define, simulate products, the processes & resources required to manufacture, maintain & recycle them. Co. also provides services, principally to large customers. These services comprise mainly consulting services in methodology for design, deployment & support, training services & engineering services. Co.'s activities can be divided into two segments: the PLM market supports product development, production, maintenance & lifecycle management; & the Mainstream 3D market, which is primarily focused on product design.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Gregory Ramirez

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