(Reuters) -French software maker Dassault Systemes cut its full-year revenue growth outlook on Thursday, after its quarterly performance was impacted by lower-than-expected growth in its Life Sciences and CENTRIC PLM businesses.
The firm adjusted its full‑year revenue growth outlook to 4% to 6% from the previously expected 6% to 8%, while confirming a 7% to 10% increase in diluted earnings per share.
The group, which sells its software to automakers, plane makers and industrial companies, reported flat third‑quarter revenue, slightly missing expectations.
Quarterly sales were 1.46 billion euros ($1.7 billion) versus the 1.51 billion euros average forecast from LSEG‑polled analysts.
“Looking at the full-year, our operating model is resilient and we are committed to delivering operating margin expansion,” Chief Financial Officer Rouven Bergmann said in a statement.
($1 = 0.8575 euros)
(Reporting by Olivier Cherfan in Gdansk; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)
Comments