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By Olivier Cherfan (Reuters) -French software maker Dassault Systemes cut its full-year revenue growth outlook on Thursday and posted third-quarter results below estimates, pressured by lower-than-anticipated performance in its Life Sciences and CENTRIC PLM divisions. The firm adjusted its annual revenue growth outlook to 4%-6% from 6%-8%, while confirming a 7%-10% increase in diluted earnings per share. The group, which sells its software to automakers, plane makers and industrial companies, reported flat third‑quarter revenue, slightly missing expectations. Quarterly sales reached 1.46 billion euros ($1.7 billion) and operating profit 440 million euros, coming in 3% and 2% below the average forecasts of analysts polled by LSEG. J.P. Morgan said in a note that the results missed expectations, citing softer third-quarter growth and a larger-than-expected cut to outlook. "This is going to require significant unpacking for investors to understand the incremental weakening in Medidata and the nature of the Centric PLM SaaS transition," the broker said. On AI development, Chief Financial Officer Rouven Bergmann told Reuters he doesn't expect a significant impact on revenue in 2025. "But 2026 … I don't want to be too optimistic, but also not pessimistic; everything takes time, but think about a ballpark for probably around 50 million to 100 million next year, where we would definitely start to see things shifting, and then from there very accelerated," Bergmann said. Dassault Systèmes' unit Medidata said it has expanded its partnership with Sanofi to enhance clinical research through its Medidata Patient, Data and Study Experiences platforms, aiming to streamline trials, accelerate the delivery of new therapies, and improve patient outcomes. ($1 = 0.8575 euros) (Reporting by Olivier Cherfan in Gdansk; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)

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By Olivier Cherfan (Reuters) -French software maker Dassault Systemes cut its full-year revenue growth outlook on Thursday and posted third-quarter results below estimates, pressured by lower-than-anticipated performance in its Life Sciences and CENTRIC PLM divisions. The firm adjusted its annual revenue growth outlook to 4%-6% from 6%-8%, while confirming a 7%-10% increase in diluted earnings per share. The group, which sells its software to automakers, plane makers and industrial companies, reported flat third‑quarter revenue, slightly missing expectations. Quarterly sales reached 1.46 billion euros ($1.7 billion) and operating profit 440 million euros, coming in 3% and 2% below the average forecasts of analysts polled by LSEG. J.P. Morgan said in a note that the results missed expectations, citing softer third-quarter growth and a larger-than-expected cut to outlook. "This is going to require significant unpacking for investors to understand the incremental weakening in Medidata and the nature of the Centric PLM SaaS transition," the broker said. On AI development, Chief Financial Officer Rouven Bergmann told Reuters he doesn't expect a significant impact on revenue in 2025. "But 2026 … I don't want to be too optimistic, but also not pessimistic; everything takes time, but think about a ballpark for probably around 50 million to 100 million next year, where we would definitely start to see things shifting, and then from there very accelerated," Bergmann said. Dassault Systèmes' unit Medidata said it has expanded its partnership with Sanofi to enhance clinical research through its Medidata Patient, Data and Study Experiences platforms, aiming to streamline trials, accelerate the delivery of new therapies, and improve patient outcomes. ($1 = 0.8575 euros) (Reporting by Olivier Cherfan in Gdansk; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)

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By Giulia Segreti and Tim Hepher ROME/PARIS (Reuters) -European aerospace groups unveiled an initial deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by Elon Musk's Starlink. The keenly awaited deal between Airbus, Thales and Leonardo aims to forge a new venture starting from 2027, subject to approval by European regulators who have resisted such moves in the past. The unnamed new entity will employ 25,000 people across Europe with annual revenues of 6.5 billion euros ($7.58 billion), based on 2024 figures, the companies said in a statement. Airbus will hold 35%, while Thales and Leonardo will each hold 32.5%, the statement said, adding it would operate under joint control "with a balanced governance structure". The space combination is expected to generate "mid-triple digit" millions of euros of synergies on operating income per year, starting after five years, the companies said. Code-named "Project Bromo," talks between the three aerospace groups started last year in a bid to copy the co-operation model of European missile maker MBDA, which is owned by Airbus, Leonardo and BAE Systems. Europe's top satellite makers have long competed to build complex spacecraft in geostationary orbit but have been hit by the arrival of cheap tiny satellites in low Earth orbit. The CEOs of the three companies said in a joint declaration that the merger would help governments ensure "Europe’s autonomy across the strategic space domain". The deal will combine manufacturing and services activities of Thales Alenia Space and Telespazio – two joint ventures between Leonardo and Thales – as well as various Airbus space and digital businesses, the remaining space activities owned by Leonardo and Thales SESO. The companies, who have already cut a combined total of some 3,000 jobs in space, made no mention of any further job cuts, but said unions would be consulted on the project. Reuters reported earlier this week that the three aerospace groups had reached a framework deal on a proposed tie-up of their satellite businesses. Agreement between the three companies – each of which has had periods of prickly relations in the past – was salvaged after sources familiar with the matter said the talks had hit obstacles over governance and valuation during the summer. ($1 = 0.8575 euros) (Reporting by Giulia Segreti in Rome and Tim Hepher in Paris;Editing by Alvise Armellini/Sudip Kar-Gupta)

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By Ozan Ergenay (Reuters) -BE Semiconductor Industries (Besi) said on Thursday it expected fourth-quarter sales to rise compared to the previous one as demand for AI-related data centre applications boosts bookings. The Dutch chipmaking equipment supplier makes the world's most accurate hybrid bonding tool, a critical instrument that top chipmakers such as Nvidia, Broadcom and TSMC are looking to adopt. Besi said it would start a new 60-million-euro ($70 million) share buyback programme, after it completed a previous 100-million-euro one in October. It expects revenue to increase by 15% to 25% in the fourth quarter, after it fell 15.3% year-on-year to 132.7 million euros in the third.  Revenue was hit by continued weakness in mainstream assembly markets, particularly for mobile and automotive applications, and lower hybrid bonding revenue, Besi CEO Richard Blickman said in a statement. Still, its third-quarter orders rose 15.1% to 174.7 million euros, helped by an increase in bookings by Asian subcontractors for data centre and photonics applications, it said. The better outlook reflects higher demand from the industry's leading artificial intelligence players, Blickman said. Chip makers and material suppliers have been under pressure by slower than expected recovery in inventory levels by customers, as AI chip demand only partially offset weakness in the sector for automotive, PC and memory chips. Earlier this month, TSMC, the world's biggest producer of advanced chips, raised its full-year revenue forecast on a bullish outlook for spending on AI, after posting a record profit that blew past market estimates. Besi also said it expected fourth-quarter gross margin to come between 61% and 63%, compared with 62.2% in the third quarter. ($1 = 0.8575 euros) (Reporting by Ozan Ergenay in Gdansk, editing by Anna Pruchnicka)

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By Ozan Ergenay (Reuters) -BE Semiconductor Industries (Besi) said on Thursday it expected fourth-quarter sales to rise compared to the previous one as demand for AI-related data centre applications boosts bookings. The Dutch chipmaking equipment supplier makes the world's most accurate hybrid bonding tool, a critical instrument that top chipmakers such as Nvidia, Broadcom and TSMC are looking to adopt. Besi said it would start a new 60-million-euro ($70 million) share buyback programme, after it completed a previous 100-million-euro one in October. It expects revenue to increase by 15% to 25% in the fourth quarter, after it fell 15.3% year-on-year to 132.7 million euros in the third.  Revenue was hit by continued weakness in mainstream assembly markets, particularly for mobile and automotive applications, and lower hybrid bonding revenue, Besi CEO Richard Blickman said in a statement. Still, its third-quarter orders rose 15.1% to 174.7 million euros, helped by an increase in bookings by Asian subcontractors for data centre and photonics applications, it said. The better outlook reflects higher demand from the industry's leading artificial intelligence players, Blickman said. Chip makers and material suppliers have been under pressure by slower than expected recovery in inventory levels by customers, as AI chip demand only partially offset weakness in the sector for automotive, PC and memory chips. Earlier this month, TSMC, the world's biggest producer of advanced chips, raised its full-year revenue forecast on a bullish outlook for spending on AI, after posting a record profit that blew past market estimates. Besi also said it expected fourth-quarter gross margin to come between 61% and 63%, compared with 62.2% in the third quarter. ($1 = 0.8575 euros) (Reporting by Ozan Ergenay in Gdansk, editing by Anna Pruchnicka)

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(Reuters) -Swedish telecom operator Telia reported third-quarter core earnings slightly above market expectations on Thursday, driven by profitable service revenue growth and lower operational expenses across most of its markets.  The group's quarterly adjusted operating profit before depreciation and amortisation (EBITDA) rose 4.4% on a like-for-like basis to 8.46 billion Swedish crowns ($898.52 million), slightly higher than analysts' average forecast of 8.45 billion crowns in a poll provided by Telia. Service revenue increased 1.0% like-for-like driven by continued strong momentum in Sweden and the Baltics, the company said. The company upgraded its free cash flow outlook to around 8 billion crowns for the year, from around 7.5 billion crowns previously. Telia also said that it expected its full-year booked capital expenditures to be around 13 billion crowns, versus a previous forecast of below 14 billion crowns. The company reiterated its 2025 forecast for adjusted EBITDA growth of at least 5% and service revenue growth of around 2%, both on a like-for-like basis. "We have healthy operational momentum in Sweden and the Baltics, and are executing on our plan to strengthen both revenue and overall performance in Norway and Finland," Telia CEO Patrik Hofbauer said in a statement. ($1 = 9.4155 Swedish crowns) (Reporting by Elviira Luoma in Gdansk, editing by Milla Nissi-Prussak and Matt Scuffham)

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By Giulia Segreti and Tim Hepher ROME/PARIS (Reuters) -European aerospace groups unveiled an initial deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by Elon Musk's Starlink. The keenly awaited deal between Airbus, Thales and Leonardo aims to forge a new venture starting from 2027, subject to approval by European regulators who have resisted such moves in the past. The unnamed new entity will employ 25,000 people across Europe with annual revenues of 6.5 billion euros ($7.58 billion), based on 2024 figures, the companies said in a statement. Airbus will hold 35%, while Thales and Leonardo will each hold 32.5%, the statement said, adding it would operate under joint control "with a balanced governance structure". The space combination is expected to generate "mid-triple digit" millions of euros of synergies on operating income per year, starting after five years, the companies said. Code-named "Project Bromo," talks between the three aerospace groups started last year in a bid to copy the co-operation model of European missile maker MBDA, which is owned by Airbus, Leonardo and BAE Systems. Europe's top satellite makers have long competed to build complex spacecraft in geostationary orbit but have been hit by the arrival of cheap tiny satellites in low Earth orbit. The CEOs of the three companies said in a joint declaration that the merger would help governments ensure "Europe’s autonomy across the strategic space domain". The deal will combine manufacturing and services activities of Thales Alenia Space and Telespazio – two joint ventures between Leonardo and Thales – as well as various Airbus space and digital businesses, the remaining space activities owned by Leonardo and Thales SESO. The companies, who have already cut a combined total of some 3,000 jobs in space, made no mention of any further job cuts, but said unions would be consulted on the project. Reuters reported earlier this week that the three aerospace groups had reached a framework deal on a proposed tie-up of their satellite businesses. Agreement between the three companies – each of which has had periods of prickly relations in the past – was salvaged after sources familiar with the matter said the talks had hit obstacles over governance and valuation during the summer. ($1 = 0.8575 euros) (Reporting by Giulia Segreti in Rome and Tim Hepher in Paris;Editing by Alvise Armellini/Sudip Kar-Gupta)

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(Reuters) -U.S. President Donald Trump's administration is in talks with several quantum-computing companies to take equity stakes in exchange for federal funding, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Companies including IonQ, Rigetti Computing and D-Wave Quantum are discussing the government becoming a shareholder as part of the agreements, the report said, adding that the discussions include minimum funding awards from Washington of $10 million each. Other companies such as Quantum Computing and Atom Computing are considering similar arrangements, the Journal added. Reuters could not immediately verify the report. A U.S. Commerce official told Reuters in an emailed statement that the department is not currently negotiating with any of the companies. Earlier this year, Trump said the U.S. would take a 10% stake in Intel that converts government grants into an equity share, the latest extraordinary intervention by the White House in corporate America. Other deals include an agreement for the Pentagon to become the largest shareholder in a small mining company, MP Materials to boost output of rare earth magnets and the U.S. government's winning a "golden share" with certain veto rights as part of a deal to allow Japan's Nippon Steel to buy U.S. Steel. Ion declined to comment while the White House, Rigetti Computing, D-Wave Quantum, Atom Computing and Quantum Computing did not immediately respond to a Reuters request for comment. U.S. Deputy Commerce Secretary Paul Dabbar, a former quantum-computing executive and Energy Department official, is leading the funding discussions with companies in the industry, the WSJ report said, citing people familiar with the matter. In February, Microsoft unveiled a new chip that it said showed quantum computing is "years, not decades" away, joining Google and IBM in predicting that a fundamental change in computing technology is much closer than recently believed. (Reporting by Devika Nair and Bipasha Dey in Bengaluru; Editing by Alan Barona and Lincoln Feast.)

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(Reuters) -STMicroelectronics, on Thursday said that it expected sales to rise in the fourth quarter compared with the current quarter, showing evidence of a sustained recovery after a multi-year downturn in its main markets. One of Europe's largest chipmakers, whose clients include Tesla and Apple, sees fourth quarter revenue reaching $3.28 billion, up from the $3,19 billion it reported this quarter. Analysts polled by LSEG expected fourth quarter revenue at $3.34 billion, and $3.12 billion in the third quarter. "Our strategic priorities remain clear: accelerating innovation; executing our company-wide program to reshape our manufacturing footprint" STMicroelectronics' Chief Executive Jean-Marc Chery said in a statement. Chipmakers exposed to the struggling automotive, industrial, and consumer chip markets such as STMicro, Texas Instruments, or NXP have faced a multi-year long sales slump since the pandemic's end, hit by low demand, high inventories, and geopolitical disruptions. Analysts had raised concerns after U.S.' Texas Instruments forecast a dour fourth quarter on Wednesday, with sales falling more than expected. The Franco-Italian firm also trimmed its capital expenditure plans for the year of 2025, citing current market conditions as a reason. STMicro's capex plan is now slightly below $2 billion, from a range of 2$ to $2.3 previously. The firm also said its cost-cutting plan "remains on schedule" after it faced opposition in Italy over its implementation. (Reporting by Nathan Vifflin in Gdansk; editing by Matt Scuffham)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Giulia Segreti and Tim Hepher ROME/PARIS (Reuters) -European aerospace groups unveiled an initial deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by Elon Musk's Starlink. The keenly awaited deal between Airbus, Thales and Leonardo aims to forge a new venture starting from 2027, subject to approval by European regulators who have resisted such moves in the past. The unnamed new entity will employ 25,000 people across Europe with annual revenues of 6.5 billion euros ($7.58 billion), based on 2024 figures, the companies said in a statement. Airbus will hold 35%, while Thales and Leonardo will each hold 32.5%, the statement said, adding it would operate under joint control "with a balanced governance structure". The space combination is expected to generate "mid-triple digit" millions of euros of synergies on operating income per year, starting after five years, the companies said. Code-named "Project Bromo," talks between the three aerospace groups started last year in a bid to copy the co-operation model of European missile maker MBDA, which is owned by Airbus, Leonardo and BAE Systems. Europe's top satellite makers have long competed to build complex spacecraft in geostationary orbit but have been hit by the arrival of cheap tiny satellites in low Earth orbit. The CEOs of the three companies said in a joint declaration that the merger would help governments ensure "Europe’s autonomy across the strategic space domain". The deal will combine manufacturing and services activities of Thales Alenia Space and Telespazio – two joint ventures between Leonardo and Thales – as well as various Airbus space and digital businesses, the remaining space activities owned by Leonardo and Thales SESO. The companies, who have already cut a combined total of some 3,000 jobs in space, made no mention of any further job cuts, but said unions would be consulted on the project. Reuters reported earlier this week that the three aerospace groups had reached a framework deal on a proposed tie-up of their satellite businesses. Agreement between the three companies – each of which has had periods of prickly relations in the past – was salvaged after sources familiar with the matter said the talks had hit obstacles over governance and valuation during the summer. ($1 = 0.8575 euros) (Reporting by Giulia Segreti in Rome and Tim Hepher in Paris;Editing by Alvise Armellini/Sudip Kar-Gupta)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)