Analyst Research Report Snapshot

Title:

Dassault Systèmes (DSY) 2012 Annual Report Review

Price:

$104.00

Provider:

Griffin Securities, Inc.

Date:

05 Apr 2013

Pages:

11

Type:

AcrobatPDF

Companies referenced:

DAST.PA

Available for Immediate Download
Summary:

We review here the new data available in Dassault’s 2012 annual report (“document de reference”, or DdR), with particular attention to segment profitability - both PLM and SolidWorks had margin improvement- revenues by channel, geographic results, and acquisitions. Tables 1 and 2 show the updated annual data for segment profitability, plus a new table (Table 3) which shows PLM and Mainstream 3D profitability by first and second half for 2011 and 2012. In Charts 1-4, we show the comparative direct and indirect channel revenues for the four principal publicly-held technical software companies.

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