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DJ Dassault Systemes' Outlook Underscores Growth Potential -- Market Talk

· 02/05/2021 03:57

0857 GMT - Dassault Systemes' guidance for 2021 non-IFRS revenue increasing 9%-10% at constant currencies seems to be a sustainable trend for the French software maker in the medium term, as the outlook is underpinned by growth in licenses of 13%-15% and maintenance and subscriptions rising 8%-9%, Bryan Garnier says. "We now feel more confident in Dassault Systemes ability to generate [around] 10% like-for-like revenue growth from 2021 to the medium term," the European investment bank says. Bryan Garnier increases its estimates for revenue and operating margin for the 2025-31 period and upgrades the stock to buy from sell, raising its target price to EUR208 from EUR144. Dassault Systemes shares trade 2.2% higher at EUR184.25. (mauro.orru@wsj.com; @MauroOrru94)

(END) Dow Jones Newswires

February 05, 2021 03:57 ET (08:57 GMT)

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