Investing.com - Dassault Systemes reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Dassault Systemes announced earnings per share of €0.27 on revenue of €1.32B. Analysts polled by Investing.com anticipated EPS of €0.2421 on revenue of €1.3B.
Dassault Systemes shares are down 23% from the beginning of the year and are trading at €40.22 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.12% from the start of the year.
Dassault Systemes shares gained 4.17% in intra-day trade following the report.
Dassault Systemes follows other major Information Technology sector earnings this month
Dassault Systemes's report follows an earnings beat by STMicroelectronics on Wednesday, who reported EPS of €0.79 on revenue of €3.55B, compared to forecasts EPS of €0.7127 on revenue of €3.51B.
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