Dassault Posts Good 2Q; 3DExperience Platform Anchors Quality of Company; Shares Still Overvalued
Dassault posted a good second-quarter result and outperformed revenue and earnings guidance. The firm's software growth continued to impress, and we remain bullish on the company's long-term ability to upgrade and sell its connected 3DExperience platform across its diverse and sticky customer base. To that end, total 3DExperience software revenue grew 52% year over year (in constant currency) and constituted 31% of total software revenue, up from 23% in the prior year. We expect the 3DExperience...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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