Dassault Systèmes reported that Q1 revenue was around EU310 million, far lower than the
earlier target of EU325 million to EU335 million. Said CEO Bernard Charlès in a prepared
statement, "Revenue grew a modest 1% year-over-year, as the business environment, as
measured by various economic data, weakened further during the first quarter in comparison
to the fourth quarter of 2008. This change was evident across our market segments and
brands and caused our revenue to be below our objective by 6%."

In response, the company expects to wring another EU60 million to EU90 million in cost
savings out of its business during 2009. It wouldn’t be surprising, too, if guidance for the full
year was also lowered. More if warranted when I have a chance to listen to the archived
conference call.