Software firm Dassault Systemes cuts 2024 revenue forecast on auto sector slowdown

A logo of Dassault Systemes SE is seen on a company building in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier/ File Photo

(Reuters) - French software company Dassault Systemes lowered its annual revenue growth forecast on Thursday, citing the slowdown in the global automotive industry.

The group, which sells its software to carmakers, aircraft manufacturers and industrial companies, now sees 2024 total revenue growth in the range of 5% to 7%, compared to its earlier forecast of between 6% and 8%.

(Reporting by Anna Peverieri in Gdansk; editing by Milla Nissi)