Report
Nicolas David

Dassault Systemes : DSY is not insensitive to macro developments but impact is limited to date

>Growth dampened slightly by macro factors, but still in the guidance… - DSY’s Q3 revenue came in 3% above expectations, thanks to a better-than-expected forex impact (+10 points, vs +6 points for the consensus; ODDO BHF: +8 points). At constant exchange rates, growth was 8%, at the lower end of the guidance range (8-10%) and 1 point below expectations due to an unexpected 2% drop in licence revenue (ODDO BHF: +6% at constant forex; guidance: +6-10% at constant forex)...
Underlying
DASSAULT SYSTEMES SA

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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