Dassault Systemes : Dassault Systèmes more than reassured in Q2 2019
>Q2 sales beat thanks to recurring revenue and services - DSY reported Q2 2019 sales of € 965m, up +13% at constant forex, in the high end of the guidance range (10% to 13%) and 2% above consensus. Organic growth came to 10%, beating our forecast (+8.4%) and showing an acceleration over Q1 (+8%). Recurring sales (maintenance and subscriptions) fuelled this solid performance, with organic growth of +9% showing an acceleration vs Q1 (+8%) and exceeding our estimate...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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