Dassault Systemes - DASTY STOCK NEWS

Workiva Inc. (NYSE: WK) announced the appointment of Julie Iskow as Chief Executive Officer, effective April 1, 2023. She succeeds Marty Vanderploeg, who will transition to Non-Executive Chair of the Board. Iskow, who joined Workiva in 2019 as COO, has a strong background in scaling enterprise SaaS companies. The Board expressed confidence in her leadership abilities, citing her commitment to customers and innovation. Vanderploeg, a co-founder, lauded Iskow's impact on the organization's strategy and culture, emphasizing a long-term revenue goal of $1 billion.

The report titled "Main Trends in the Technology, Media, and Telecom Sector" offers insights on key digital technologies impacting business ecosystems. Published by ResearchAndMarkets.com on February 21, 2023, it explores infrastructure, including 5G, 6G, Open RAN, and private investments, alongside services such as the metaverse and cybersecurity. The report utilizes diverse sources, including expert interviews and technology analyst insights, to forecast trends influencing market uptake. Key companies discussed include Dassault Systemes (DASTY) along with others in the sector.

The report on the Quantified Self in Healthcare Market from 2023 to 2028 highlights key trends and projections. By 2028, 27% of healthcare diagnostics by volume will involve quantified self solutions, with global telemedicine expected to reach $161.7 billion. The NFC segment will grow to $48.2 billion, while chipsets for IoT in healthcare will hit $5.9 billion. The surge in the adoption of wearable healthcare devices is driven by health concerns, creating a positive impact on DIY self-care diagnostics. The report assesses the IoT-enabled Connected Health applications and analytics for improved outcomes.

The 2022 report on the Autonomous Driving Simulation Industry Chain highlights foreign companies expanding their presence in China. According to the report, approximately 80%-90% of autonomous driving algorithm tests are completed via simulation, with advances in 3D realistic simulations enhancing confidence in testing. The report outlines key players, including PTV Group and ESI Group, who have established subsidiaries in China. It emphasizes the importance of comprehensive testing through diverse scenarios to ensure accurate simulation results, crucial for the development of Advanced Driver-Assistance Systems (ADAS) and autonomous driving systems.

Dassault Systèmes announced the total number of its outstanding shares and voting rights as of January 31, 2023. The company reports 1,335,056,318 outstanding shares and 2,001,096,539 voting rights, calculated per regulations set by the Autorité des marchés financiers. Shareholders are reminded to refer to article 223-11 for declarations on crossing thresholds and are provided contact details for the Investor Relations Service. Dassault Systèmes, known for its 3DEXPERIENCE platform, serves over 300,000 customers globally, aiming for sustainable innovations in various industries.

The digital twin market is set to reach USD 155.83 billion by 2030, with a CAGR of 37.5% from 2023 to 2030, according to Grand View Research. Initially focused on manufacturing, aerospace, and automotive sectors, the demand is expanding into retail, healthcare, and finance due to rising virtualization and automation needs. The automotive sector is projected to grow over 40% during this period, driven by advancements in electric vehicles. The Asia Pacific region is expected to lead growth, aided by established industries and connected device proliferation. Key players adopt inorganic strategies to enhance market share and capabilities.

The global custom manufacturing market, valued at $858.8 billion in 2021, is projected to reach $1.35 trillion by 2031, with a CAGR of 4.6% from 2022 to 2031, according to a recent report by Allied Market Research. Key growth drivers include increasing government spending in developing countries like India and Brazil, along with the cost-saving potential of machine customization. The built-to-order products segment dominated the market in 2021 and is expected to continue leading, while the industrial segment accounted for two-thirds of market revenue. Asia-Pacific held the largest market share in 2021, driven by manufacturing growth in China and India.

TriNetX, a global network for real-world research, has appointed Arnaub Chatterjee as Chief Product and Solutions Officer. Chatterjee previously served as Senior VP at Medidata AI and has a robust background in healthcare leadership, including roles at McKinsey & Company and Merck. His expertise in data science and clinical research is expected to enhance TriNetX's capabilities in generating regulatory-grade real-world evidence. Chatterjee holds degrees from Cornell University and the University of Michigan and is involved in academia as a faculty member at Harvard Medical School and Cornell. His leadership may accelerate the development of new therapies.

Dassault Systèmes announces strong financial results for FY 2022, with Q4 revenue up 10% to €1.58 billion and diluted EPS increasing 39% to €0.25. Notably, software revenue grew 9%, while recurring revenue rose 11%, driven by an 18% increase in subscriptions. For FY 2022, total revenue reached €5.67 billion, and diluted EPS was €0.70, reflecting a 20% increase. The company achieved a significant operating cash flow of €1.53 billion, on track for early deleveraging. Looking ahead, Dassault Systèmes targets FY 2023 revenue growth of 8-9% and diluted EPS between €1.18 and €1.20.