Dassault Systemes : Q2 results in line. Acceleration in recurring revenue ahead
>Q2 sales were in line thanks to forex. Licences in the middle of the range - Wednesday morning DSY reported Q2 sales of € 840m, up 4%, in line with forecasts (Oddo BHF estimate: € 839m; consensus: € 838m) but this was mostly due to forex effects that were not as negative as expected (-4pts vs Oddo BHF estimate: -6.5pts). Growth at constant currency came to 8%, in the low end of the guidance range (8% to 10%) and slightly below our forecast (+10%). Organic growth reac...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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