Dassault Systemes Earnings: Still on Track in 2019
In an earnings season that has seen a number of companies talking about a slowing in industrial manufacturing, project pushouts, and inventory corrections, a company that merely confirms it's on track with its previous outlook should be viewed positively. Such is the case with engineering software company Dassault Systemes (NASDAQOTH: DASTY). The company's second-quarter earnings contained a mix of pluses and minuses, but overall the company looks well set to hit its objectives in 2019.
For reference, Dassault is based in France and reports figures in euros using International Financial Reporting Standards (IFRS). Just as U.S. companies issue non-GAAP (adjusted) numbers in order to better represent trends in their businesses, Dassault reports non-IFRS numbers as well.
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