Report
Andrew Lange
EUR 100.00 For Business Accounts Only

Strong Foreign Exchange Headwinds Mute Dassault's Good Underlying Performance; Shares Overvalued

Dassault reported a good start to fiscal 2018 although the company faced stiff currency headwinds, which muted its reported results. Still, looking beyond the foreign exchange headwinds and at the firm’s underlying performance, Dassault met its prior first-quarter guidance. With the first-quarter performance fortifying management’s short-term outlook, the company reiterated its full-year guidance. We continue to see healthy long-term demand for the firm’s broad range of design-related software a...
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

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch