Dassault Systemes Reports Good Earnings and Signs a Deal With Boeing
It's not often that long-term considerations overshadow current trading matters on an earnings call, but that was the case with engineering design software company Dassault Systemes (NASDAQOTH: DASTY). In a nutshell, the company is on track with its objectives in 2017, but the announcement of Boeing's (NYSE: BA) decision to adopt Dassault's 3DExperience platform across its commercial aviation, space, and defense work grabbed the attention of investors. Let's take a look at the earnings report and the the Boeing announcement in more detail.
Boeing's use of Dassault Systemes technology played a key role in designing the Boeing 777. Image source: Getty Images.
Dassault is a France-based company and reports in euros using International Financial Reporting Standards. You can think of non-IFRS in the same way U.S. companies report non-GAAP numbers in order to give a better understanding of underlying trading:
Source: Fool.com
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