Software firm Dassault Systemes cuts 2024 revenue forecast on auto sector slowdown


A logo of Dassault Systemes SE is seen on a company building in Paris France January 27 2023. REUTERSSarah Meyssonnier File Photo

A logo of Dassault Systemes SE is seen on a company building in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier/ File Photo

(Reuters) - French software company Dassault Systemes lowered its annual revenue growth forecast on Thursday, citing the slowdown in the global automotive industry.

The group, which sells its software to carmakers, aircraft manufacturers and industrial companies, now sees 2024 total revenue growth in the range of 5% to 7%, compared to its earlier forecast of between 6% and 8%.

(Reporting by Anna Peverieri in Gdansk; editing by Milla Nissi)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In