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 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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