Future Tech
Dassault Systemes cuts 2024 earnings target on transaction delays
- French software company Dassault Systemes on Tuesday cut its full-year earnings target citing large transaction delays weighing on its sales.
It now expects 2024 diluted earnings per share (EPS) growth in the range of 8% to 11% year-on-year, against a previous guidance for 10% to 12% growth.
"Our preliminary second quarter revenue came in below the guidance by about €30 million, or 2%, due to large transaction delays," CEO Pascal Daloz said in a statement.
- Reuters
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