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.
Loading ...
SolidSmack is a very small behemoth of an online community about 3D CAD, technology, design, robots, and ninjas… Ok, maybe not ninjas so much, but those guys are COOL so there just might be something about some dang ninjas.
{ 2 comments }
I can't believe that, I personally enjoy Catia products.
I can’t believe that, I personally enjoy Catia products.
Comments on this entry are closed.
{ 1 trackback }