Dassault Reports Good New License Sales, but Foreign Exchange and Services Are Headwinds
Dassault’s third-quarter results represented another good quarter for the firm, with healthy new licenses growth and broad-based demand across most of its geographic regions. However, China was weaker than expected, with lower spending by the country’s state-owned enterprises. While Dassault reiterated its full-year new license sales growth target of 8%-10% and recurring software growth of 6%, it did marginally lower its full-year total revenue growth range, operating margin, and EPS. The detrim...
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