Dow Jones Newswires: Dassault Systemes gets U.S. clearance for Medidata buy as it sets new targets

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Dassault Systemes SE said Thursday that the Committee on Foreign Investment in the United States has approved its proposed acquisition of Medidata Solutions Inc. and that it has set new financial targets for 2019 due to the addition of the U.S. medical-software maker in its account.

The French software maker DSY, -0.04%  said the CFIUS clearance was one of the final conditions for the merger, which should be completed in the coming days.

Dassault Systemes set new goals for its full-year and fourth quarter due to the addition of MDSO, +0.00%   The company now expects its 2019 non-IFRS revenue to come between 4.02 billion and 4.06 billion euros ($4.47 billion-$4.52 billion), while non-IFRS revenue for its fourth quarter should range from EUR1.17 billion to EUR1.21 billion. Non-IFRS operating margin for 2019 should be around 32%, it says, while earnings-per-share growth should be between 13% and 14% in 2019.

On an IFRS basis, revenue for its third quarter rose 14% to EUR914.8 million from EUR804.5 million, Dassault said.

Dassault said Lockheed Martin Corp. LMT, -0.16%  has selected its 3DExperience Platform to support digital-engineering initiatives, but it didn’t specify the financial details of the deal.

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