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Dassault Systèmes : Mixed Q2 detailed earnings and Q3/FY guidance but we feel that the group is deliberately taking a cautious approach after the warning
>Mixed detailed Q2 earnings with software rev. and op. profit slightly below exp. - Total revenue (already pre-announced on 9 July) came in at € 1496m, up 3% on a reported basis and 4% at cc/org. Software revenue totalled € 1347m up 3% at cc, -90bp below our expectations and -60bp below consensus expectations at cc (vs ODDO BHF: 3.9% cc; Css: 3.6% cc). We note a solid performance from Mainstream innovation (+8% cc vs ODDO BHF: +5.5%) driven by Centric PLM but implying...
Underlying
DASSAULT SYSTEMES SA
Provider
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.
Nicolas David
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