Report
Andrew Lange
EUR 98.48 For Business Accounts Only

Dassault Reports Good 1Q Result, Some Concerns Over New License Growth; Shares Remain Overvalued

Dassault Systemes’ first-quarter results beat management’s guidance from both a top- and bottom-line perspective. However, there is some concern over the strength of the firm’s underlying new licenses growth, which is hovering around the mid-single-digits on a year-over-year basis, and may signify a moderation of future growth expectations. Still, in order to allay growth fears, management did note that it sees an encouraging pipeline of business for the rest of the year while reiterating its un...
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
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Andrew Lange

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