Report
Nicolas David

Dassault Systemes : Lower-than-expected licenses in Q1 but satisfactory Q2 guidance and FY 2023 guidance reiterated

>Q1 software growth at cc slightly below expectations due to licenses in China - Total revenue stands at € 1434m up 8% on a reported basis and 7% at cc/org. This is roughly in line with Css expectations in reported terms and -70bp below at cc (ODDO BHF: € 1,446m, 9.2% reported, 8.2% cc; Css: € 1,436m, 8.4% reported, 7.7% at cc). This performance is at the lower end of the guidance range of 7% to 9% at cc. Software revenue stood at € 1,288m up 6% at cc and org., -1.5...
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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