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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI will see 1500 new employees hired, Dassault Systèmes CEO saysPascal Daloz, CEO of Dassault Systèmes discusses full-year earnings and his outlook for AI use throughout the business.
Persons: Pascal Daloz Organizations: Dassault Systèmes
Barclays has identified the European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. During the coronavirus pandemic, central banks cut interest rates to historic lows, enabling companies to borrow debt at very favorable rates. The table below shows the 10 stocks Barclays expects to have the biggest increase in interest costs through to 2025. Since interest costs are integral to real estate business models, the impact on margins and profits could be much more severe, the bank's analysts said. The Barclays team is confident that while interest rates can hurt company bottom lines, there was "scant" evidence that showed there was systemic risk.
Persons: Fastighets Balder, Castellum, Vonovia, Matthew Joyce, Zoso Davies Organizations: Barclays, Premier, Whitbread, BASF, Dassault Systemes Locations: Swiss
Rising commodity prices, increased regulation and a growing recognition of sustainability benefits are set to be "key catalysts" of the circular economy, Goldman Sachs said, naming its "conviction list" stocks to play the theme. The circular economy is a system that aims to keep materials and resources in use for as long as possible, with a focus on reuse, rather than dispose. Conviction list stocks The bank named a number of "key stocks exposed to the theme," including Dassault Systemes and SMC Corporation . Both are on the bank's "conviction list" of top buy-rated stocks. Other global stocks on Goldman's list of picks set to benefit from the circular economy include Japanese electronics giant Hitachi , Dutch conglomerate Philips and U.S. waste management company Republic Services , with all three also on the bank's conviction list.
Persons: Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: McKinsey, Accenture, United Nations Environment Program, Dassault Systemes, SMC Corporation, Dassault Systems, Hitachi, Philips, Republic Services
A logo of Dassault Systemes SE is seen on a company building in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier Acquire Licensing RightsOct 25 (Reuters) - French software maker Dassault Systemes (DAST.PA) lifted its 2023 outlook for earnings per share (EPS) on Wednesday, after an uptick in subscriptions boosted its third-quarter sales. The company raised its full-year guidance for diluted EPS to between 1.19 euros and 1.21 euros, compared with a previous target of 1.18-1.20 euros per share, and confirmed annual revenue target for 8-9% growth. Overall software revenue increased by 12% in the quarter, driven by 21% growth in Europe. China stayed resilient with mid-single-digit percentage growth in software revenues despite tough economic conditions, the company said.
Persons: Sarah Meyssonnier, Pierre John Felcenloben, Milla Nissi Organizations: Dassault, REUTERS, Thomson Locations: Paris, France, Europe, Asia, China, Gdansk
Morning Bid: China spends, eyes on whether Europe lends
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A China yuan note is seen in this illustration photo May 31, 2017. Microsoft (MSFT.O) and Google parent Alphabet (GOOGL.O) each beat forecasts, but their share prices went in opposite directions as investors zeroed in on cloud computing. On the luxury front Kering (PRTP.PA), owner of Gucci and Balenciaga, reported a bigger-than-expected drop in third-quarter sales. Gucci's revamped look, unveiled last month in Milan by designer Sabato De Sarno, is yet to hit stores. European loans data and a survey of German business conditions will be closely watched later on Wednesday.
Persons: Thomas White, Tom Westbrook, Gucci, Balenciaga, LVMH, Birkin, Gucci's, Sabato De Sarno, Michele Bullock, Sam Holmes Organizations: REUTERS, Giants, Microsoft, Google, Nasdaq, Facebook, . Santander, Deutsche Bank, Dassault, Dassault Systemes, CME Group, Hilton, Boeing, IBM, Meta, Thomson Locations: China, Asia, Milan, Japan
The bank's top picks for "best positioned" stocks include German software and solutions provider SAP and French software developer Dassault Systèmes . SAPA-FF YTD mountain Year-to-date performance of shares in SAP On SAP, Morgan Stanley's analysts said the company is likely to "benefit from price increases in 2023" as well as better product integration which will enable "strong cross-selling." DSY-FR YTD mountain Year-to-date performance of shares in Dassault Systemes Meanwhile, they like Dassault Systèmes for its "highly recurring software business models with growth." Elsewhere, Morgan Stanley says the likes of Microsoft , Adobe and Nvidia make good plays of the AI trend. So far, the bank said that generative AI "remains in the early stages of the opportunity," based on data collected from recent funding activity and interviews with chief investment officers.
Persons: Morgan Stanley, Adam Wood, Morgan, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Dassault, SAP —, Dassault Systèmes, SAPA, SAP, Microsoft, Adobe, Nvidia Locations: U.S, Europe
Siemens is case study in China de-risking dilemma
  + stars: | 2023-10-04 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +9 min
That’s unsettling for the likes of Siemens, $62 billion carmaker Volkswagen (VOWG_p.DE) and $39 billion chemicals group BASF (BASFn.DE). Factor in the German group’s 32% stake in Siemens Energy (ENR1n.DE) and 75% holding in Siemens Healthineers (SHLG.DE), currently worth 46 billion euros, and it adds up to 156 billion euros. The unit and Siemens’ Airport Logistics unit, which press reports say could be another divestment candidate, may only be worth 4 billion euros combined. Moreover, Kaeser already tried to boost Siemens’ valuation by partially spinning off subsidiaries. As of September, Siemens had bought back 2.5 billion euros of shares since starting a 3 billion euro share repurchase programme in November 2021.
Persons: Roland Busch, France’s Legrand, Busch, Joe Kaeser, he’s, Kaeser, Germany’s Bundesbank, Siemens, Goldman Sachs, Judith Wiese, George Hay, Oliver Taslic Organizations: Reuters, Siemens, Germany’s, Barclays, Reuters Graphics Reuters, Volkswagen, BASF, Software, Dassault, Automation, ABB, Smart Infrastructure, Siemens Energy, Siemens ’ Mobility, France’s Alstom, CRRC Corporation, Siemens ’ Airport Logistics, Siemens Healthineers, Toshiba Corp, Energy, BNP, Bloomberg, Financial Times, Thomson Locations: China, Brussels, Beijing, Germany, EMEA, Swiss, Middle Kingdom, Republic, Shenzhen, Sichuan, Chengdu, Southeast Asia, Indonesia, Vietnam, Thailand
It confirmed its full-year and mid-term targets, saying it saw a renewed focus on investment in innovation from customers and pointing to a rebound in China. The group's shares slid as much as 6.7% however, putting them on track for their biggest one-day drop since April. JPMorgan said in a note that the overall picture looked "incrementally challenging" after important performance indicators, including for its flagship software platform 3DEXPERIENCE and clinical trial platform Medidata, slowed in the quarter. For the third quarter, Dassault Systemes expects revenue to reach between 1.4 billion and 1.42 billion euros, diluted earnings to come in between 0.26 and 0.27 euros per share, and an operating margin of between 30.2 and 30.5%. ($1 = 0.9034 euros)Reporting by Victor Goury-Laffont; Editing by Kirsti Knolle and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Victor Goury, Kirsti Knolle, Jan Harvey Organizations: Dassault, JPMorgan, Dassault Systemes, Thomson Locations: China
Bank of America has dubbed global companies exposed to the demand for generative artificial intelligence solutions as "winners," picking stocks across the software and IT services sectors. It described the AI opportunity within the software industry as "undeniably vast" in a research note dated 12 July, and ranked European companies in the sector. "Huge quantities of data about a company's operations are held within a company's ERP system which makes the software vital in any generative AI integration," BofA's analysts stated. "We see gen AI as an opportunity for the Software industry to derive both potential revenue uplift via enhanced value proposition and data monetization, alongside productivity improvements," the bank said. BofA also looked at the effect of generative AI on the IT services industry and said implications "are the most polarised," noting concerns over drops in sales due to tasks being automated.
Persons: BofA, Frederic Boulan, — CNBC's Michael Bloom Organizations: of America, Dassault Systemes, SAP, Software, IT, International Data Corporation Locations: French, German
June 9 (Reuters) - French software provider Dassault Systemes (DAST.PA) on Friday forecast a doubling of its earnings per share (EPS) by 2028, and announced a new CEO. Dassault said it plans to reach non-IFRS EPS between 2.20 euros and 2.40 euros by 2028, roughly double the 1.13 euros it posted for the full year of 2022. Proponents say subscription models give companies a more predictable revenue stream, which helps planning and managing costs. "Dassault Systèmes will increase its addressable markets from €100 billion today to €1 trillion by 2040," the company said in a statement. Reporting by Olivier Sorgho and Augustin Turpin; Editing by Tom Hogue and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Pascal Daloz, Bernard Charlès, Olivier Sorgho, Augustin Turpin, Tom Hogue, Gerry Doyle Organizations: Dassault, Thomson
TipRanks leveraged its Experts Center tool to recognize the ones with a high success rate. We also analyzed each stock recommendation made by health care sector analysts in the past decade. TipRanks' algorithms calculated the statistical significance of each rating, average return and the analysts' overall success rate. The buy recommendation generated a return of 397.9% from May 12, 2020 to May 12, 2021. Boris Peaker - TD CowenBoris Peaker has the 10th spot on the list, with a success rate of 47%.
The pan-European STOXX 600 index (.STOXX) fell 0.7%, as regional banking stocks (.SX7E) dropped 1.2%. Earnings from Microsoft Corp (MSFT.O) and Google's parent Alphabet Inc (GOOGL.O) beat expectations, but recessionary worries in the world's largest economy kept investor sentiment fragile. Shares of Swiss banking software company Temenos AG (TEMN.S) jumped 10.2% after it reported first-quarter earnings above consensus. Meanwhile, ASM International NV (ASMI.AS) fell 10.0% after the Dutch semiconductor equipment maker reported a drop in first-quarter orders, citing softening market conditions, despite an estimate-beating revenue. Dassault Systemes SE (DAST.PA) slid 7.4% after the French software maker reported first-quarter numbers broadly in line with estimates but with a miss on software licenses.
China is slowly coming back, Dassault Systemes CEO says
  + stars: | 2023-02-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is slowly coming back, Dassault Systemes CEO saysBernard Charles discusses the company’s full-year earnings across its main markets.
GDANSK, Oct 26 (Reuters) - French software maker Dassault Systemes (DAST.PA) on Wednesday raised its full-year earnings and revenue forecast, due in part to the stronger dollar, after reporting higher-than-expected quarterly results. Revenue was driven by strong subscription and support growth. Dassault Systems increased its non-IFRS diluted earnings per share target for 2022 to between 1.12 and 1.14 euro from its earlier estimate of 1.08 euro and 1.10 euro. The company also said it was increasing its full-year revenue target to between 5.61 billion and 5.65 billion euros from a range of 5.49 billion to 5.54 billion euros previously boosted by a strong dollar. ($1 = 1.0047 euros)Reporting by Karol Badohal; editing by Josephine MasonOur Standards: The Thomson Reuters Trust Principles.
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