Dassault Systèmes: Q1 sales under targets
(CercleFinance.com) - Dassault Systèmes has announced estimated Q1 2020 sales of between 2.
5% and 5% below the lower limit of its target range, due to lower revenue from new licenses and a weaker services business.
Q1 2020 sales growth is therefore estimated to be between 14% and 17%, reflecting the performance of Medidata and the organic growth of recurrent sales.
Bernard Charlès, Dassault Systèmes' Vice Chairman and Chief Executive Officer said, "This unprecedented SARS-CoV-2 crisis will create tremendous challenges for society at multiple levels."
Copyright (c) 2020 CercleFinance.com. All rights reserved.
5% and 5% below the lower limit of its target range, due to lower revenue from new licenses and a weaker services business.
Q1 2020 sales growth is therefore estimated to be between 14% and 17%, reflecting the performance of Medidata and the organic growth of recurrent sales.
Bernard Charlès, Dassault Systèmes' Vice Chairman and Chief Executive Officer said, "This unprecedented SARS-CoV-2 crisis will create tremendous challenges for society at multiple levels."
Copyright (c) 2020 CercleFinance.com. All rights reserved.