Dassault Systemes Lowers Revenue Growth Forecast

(Reuters) – French software company Dassault Systemes has lowered its annual revenue growth forecast on Thursday due to a slowdown in the global automotive industry.

The group, which sells its software to carmakers, aircraft manufacturers, and industrial companies, now anticipates total revenue growth for 2024 in the range of 5% to 7%. This is a reduction from its previous forecast of between 6% and 8%.