Reported about 1 year ago
French software company Dassault Systemes reduced its full-year earnings forecast as customers were hesitant in spending and postponing contract signings, leading to a lowered expectation for 2024 diluted earnings per share growth. The CEO cited significant transaction delays impacting the group's sales, but assured that delayed deals are still planned for future quarters. The company's shares dropped by 4.7% as a result, marking the largest decline since early February, with investors surprised by the guidance cut at this point in the year.
Source: YAHOO