Dassault Systemes : Mixed Q3 organic growth but confident for Q4
>Q3 revenues in line thanks to M&A. Organic growth somewhat soft - Yesterday morning, DSY reported Q3 2018 non-IFRS revenues of € 832m, showing reported growth of 10%, broadly in line with expectations (consensus: € 826m; Oddo BHF: € 833m). However, organic growth fell slightly short of our forecast (+5% vs Oddo BHF: 7%), but this was offset by a stronger-than-expected contribution from M&A (5 points vs 4 points expected).As expected, licence sales showed relativ...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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