Dassault Systemes Lowers Revenue Growth Forecast After Subpar Quarter

Reported about 6 hours ago

Dassault Systemes has revised its full-year revenue growth outlook down to 4% to 6% from the previous estimate of 6% to 8%, following a disappointing third-quarter performance largely due to slower growth in its Life Sciences and CENTRIC PLM sectors. The company reported flat quarterly revenue of 1.46 billion euros, falling short of analyst expectations, while maintaining a forecast for a 7% to 10% increase in diluted earnings per share.

Source: YAHOO

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