Dassault Systemes SA (DASTY.PK), a French IT services provider, Tuesday said it now sees lower-than-expected revenue for the second quarter, primarily due to large transaction delays. The company also lowered its full-year outlook.
Dassault Systemes currently sees revenue for the second quarter to be 1.495 billion euros, 4 percent up from last year, but lower than its previous guidance of 1.525 billion euros to 1.555 billion euros.
Earnings per share for the quarter is expected at 0.30 euros, in line with the company's outlook of 0.30 euros to 0.31 euros.
For fiscal 2024, the company now expects revenue to grow 6 percent-8 percent, lower than 8 percent-10 percent growth estimated earlier. EPS is currently expected to grow 8 percent-11 percent, down from 10 percent-12 percent guided earlier.
Second-quarter results are scheduled to be reported on July 25.
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