Dassault Sytems Lowers its Q1 2020 Guidance: Read-Throughs for the ER&D Service Industry

Dassault Sytems Lowers its Q1 2020 Guidance: Read-Throughs for the ER&D Service Industry

Dassault Systems lowered it Q1 2020: the company is now expecting revenue growth in the range of 14%-17%, down from a 20-23% guidance (that includes the acquisition of Medidata). The company has suffered from weaker than expected new license and services revenues. Meanwhile, revenues of Medidata were on a “momentum and license renewals were up too.