Report
Nicolas David

Dassault Systemes : Solid Q2 performance and FY 2023 guidance reiterated, but Medidata's performance is likely to weigh on market perception

>Q2 growth at cc in line despite a weaker performance from Medidata - Total revenue stands at € 1,449m up 8% at cc/org. This is -0.8% below consensus expectations in reported terms but roughly in line at cc (ODDO BHF: € 1463m, 5.7% reported, 8.3% cc; Css: € 1460m, 5.5% rep., 8.1% at cc). This performance is at mid-range of the guidance (7% to 9% cc).Software revenue stood at € 1,309m up 8% at cc and org., roughly in line with expectations at cc (vs ODDO BHF: 8.4...
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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