Dassault Systemes SE Updates Earnings Target Timeline and Investment Strategy
Dassault Systemes SE, a technology company providing software applications for innovation processes, has announced a delay in its earnings target timeline. The company now expects to achieve its target in 2029, rather than its previously stated timeline.
Reasons for Delay
The delay is attributed to weak auto demand and tariff-driven uncertainty, which have impacted the company’s revenue projections. Goldman Sachs maintains a buy rating on the company’s stock, despite these challenges.
Growth Prospects
Dassault Systemes remains confident in its growth prospects, aiming to double its non-IFRS diluted earnings per share by 2029. The company is investing in new technologies to drive growth and productivity gains.
Investment Strategy
The company is investing in new technologies, including Generative AI for industry applications. This investment is expected to enhance the company’s software applications and drive innovation in the industry.
Key Statistics
- Delayed earnings target timeline: 2029
- Growth goal: Double non-IFRS diluted earnings per share by 2029
- Investment focus: Generative AI for industry applications