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Dassault Systèmes Delays Earnings Target to 2029, Cuts Revenue Growth Outlook

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French software firm Dassault Systèmes announced on Friday that it has extended the timeline for achieving its medium-term earnings target by one year, now expecting to reach it in 2029 instead of 2028. The company also lowered its revenue growth forecast amid weakening demand in the automotive sector and ongoing tariff-related uncertainties.

Previously, Dassault Systèmes aimed to double its non-IFRS diluted earnings per share (EPS) to between €2.20 and €2.40 by 2028 under its 2023–2028 strategy. The new timeline shifts this goal to 2029.

At its capital markets day event, the company revised down its medium-term revenue growth target to a compound annual growth rate (CAGR) of 7% to 8% from 2024 to 2029. This is a reduction from the previous forecast of double-digit growth of 10% for the 2023–2028 period.

The company cited a prolonged slowdown in the global automotive industry and market volatility linked to U.S. President Donald Trump’s tariffs as key challenges. Dassault Systèmes had already lowered its 2025 operating margin growth forecast in April and revised its 2024 forecasts twice last year.

These repeated downward adjustments have raised investor concerns about Dassault Systèmes’ ability to meet its medium- and long-term financial goals. Following the announcement, the company’s shares fell 1.7% as of 15:30 GMT.

Infineon Upgrades Revenue Outlook After Stronger-Than-Expected Q1

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Infineon, the German chipmaker, has slightly revised its full-year revenue outlook upwards, citing currency effects, after its first-quarter revenue came in better than expected. The company now expects revenue for the fiscal year ending September 2025 to be flat to slightly higher compared to the prior year, an improvement from its previous forecast of a slight decline, which was based on a weaker euro-to-dollar exchange rate.

CEO Jochen Hanebeck expressed confidence, stating that the company performed well despite a challenging market environment, with first-quarter results exceeding expectations. Infineon reported a revenue drop of 8% for the first quarter, amounting to 3.4 billion euros ($3.5 billion), though it had anticipated a more significant dip, with analysts forecasting 3.2 billion euros.

Additionally, Infineon’s segment result margin, a key measure of profitability, was also a pleasant surprise, coming in at 16.7%, surpassing the forecast of 15%.

 

Goodman Group Surges Amid Australian Data-Centre Expansion

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Goodman Group’s stock has soared this year, outshining its Australian property peers thanks to its strategic push into the data-centre sector. The rising demand for artificial intelligence services has driven major cloud service providers, including Amazon, Microsoft, and Meta, to invest heavily in data centres. This trend has sparked a surge in Australia’s nascent data-centre market, with companies like Blackstone and NEXTDC also making significant investments.

Goodman Group, Australia’s largest property developer, counts leading global hyperscalers as customers. While the company has not disclosed the identities of these clients, its portfolio clearly reflects the growing need for data centres, with 42% of its A$12.8 billion portfolio under construction dedicated to these specialized facilities. This expansion has helped boost Goodman’s stock by 45.8% this year, positioning it for its best performance since 2006.

Despite the strong growth, some market analysts caution that the high valuations of data-centre-focused stocks might signal a cooling investor sentiment. Concerns include the potential for obsolescence in data-centre infrastructure and increased competition in the market. However, Goodman’s robust pipeline, access to land with power supply, and ongoing investment into the sector continue to fuel optimism about its future prospects.