Dassault Systemes reports 9% revenue increase, but shares fall due to below-analyst expectations for 8-10% 2024 revenue growth.

Dassault Systemes, a French software company, reported a 9% increase in total revenue for the fiscal year ended December 31, 2023, driven by a 22% growth in subscription revenue. However, the company's 2024 revenue growth forecast of 8-10% fell below analyst expectations, causing a 9% drop in its shares. The company expects a non-IFRS revenue of 6.35-6.43 billion euros ($6.86-6.95 billion) for 2024 and plans to invest in China and the construction and infrastructure sectors.

February 01, 2024
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