French software firm Dassault Systemes lowers 2024 full-year earnings target due to customer contract delays.
French software firm Dassault Systemes has lowered its full-year earnings target for 2024 due to customer contract delays and cautious spending. The company now expects diluted EPS growth between 8% to 11% year-on-year, down from its previous guidance of 10% to 12%. CEO Pascal Daloz attributed the delay to "large transaction delays" affecting sales, leading to a 2% shortfall in Q2 preliminary revenue.
July 09, 2024
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