Dassault Systemes : Q4 2019 earnings roughly in line but weak org growth in software
>Weak organic growth in Q4 but solid margins and FCF - Total revenue stands at € 1,212m up +18% on a reported basis -1% below expectations (consensus: € 1,226m, +19% reported; ODDO BHF: € 1,239m, +20.2% y-o-y reported). Growth at cc stands at +16%, slightly below our expectations (ODDO BHF: +19%; no consensus) but in line with the group’s guidance (15% to 19%). This was helped by a stronger than expected contribution of Medidata (c. € 120m vs € 103m guided)....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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