Report
Andrew Lange
EUR 100.00 For Business Accounts Only

Dassault Reports Solid 2Q, With Client Wins and M&A Supporting Wide Moat; Shares Overvalued

Dassault Systemes produced a solid second-quarter performance, announcing several key client wins and the acquisition of retail-focused product lifecycle management firm Centrix Software (it acquired 63% of the company for roughly $350 million with the remaining portion to be acquired in 2020 and 2021 based on performance). We think Centric will bolster Dassault’s 3DExperience platform, particularly in its consumer goods-retail industry solution. In terms of client wins, we believe the recently ...
Underlying
Dassault Systemes SE

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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