Hello! if you're new here, you may want to subscribe to the SolidSmack RSS feed or to the free email updates. Thanks for visiting!
If you think your Tuesday was bad, how would like to get 36% of your revenue taken for taxes. That’s exactly what happen to Dassualt Systemes (SolidWorks, Catia) today as they reported their Q3 earnings. Their net income fell 24% over the last 3 months due to the higher tax rates and the weak US dollar on top of that. That means US based companies like AutoDesk (Inventor, AutoCAD) and PTC (Pro/E, MathCAD) will most likely report higher earnings this quarter.
Their sales didn’t see an impact with software revenue still going up 14% in their 3D segment and overall sales going up 8.3% with a forecast of 15% for the year.
Taxes stink and US companies are more attractive right now, but it’s interesting to see how the market reacts even with sales still increasing.
If you haven't already, consider subscribing to SolidSmack so you can easily receive updates when new articles are published or announcements are made.
Add New Comment
Viewing 1 Comment
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Add New Comment
Trackbacks
(Trackback URL)
October 31, 2007 at 12:25 pm
[...] Contact « Dassault Systemes Gets a Tax Smack [...]