Dassault Systèmes Reports 18% Increase in New Licenses Revenue in Constant Currencies

Information in Constant Currencies

When the Company believes it would be helpful for understanding trends in its business, the Company provides percentage increases or decreases in its revenue (in both IFRS as well as non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed herein "in constant currencies", the results of the "prior" period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year.

This press release constitutes the quarterly financial information required by article L.451-1-2 IV of the French Monetary and Financial Code (Code Monétaire et Financier).

About Dassault Systèmes

Dassault Systèmes, the 3D Experience Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 150,000 customers of all sizes, in all industries, in more than 80 countries. For more information, visit www.3ds.com.

CATIA, SolidWorks, ENOVIA, SIMULIA, DELMIA, 3D VIA, 3DSwYm, EXALEAD, and Netvibes are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries.

(Tables to follow)

TABLE OF CONTENTS

Non-IFRS key figures

Condensed consolidated statements of income

Condensed consolidated balance sheets

Condensed consolidated cash flow statements

IFRS – non-IFRS reconciliation

DASSAULT SYSTEMES

NON-IFRS KEY FIGURES
(unaudited; in millions of Euros, except per share data, headcount and exchange rates)

Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ deferred revenue, stock-based compensation expense, amortization of acquired intangible assets, other operating income and expense, net and certain one-time financial revenue items and the income tax effects of these non-IFRS adjustments.

Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment.

 
      Three months ended
       

March 31,
2012

     

March 31,
2011

      Change      

Change
in cc*

Non-IFRS Revenue € 462.4       € 409.9       13%       10%
 
Non-IFRS Revenue breakdown by activity
Software revenue 419.9 372.6 13% 10%
of which new licenses revenue 120.3 99.0 22% 18%

of which periodic licenses, maintenance and
product development revenue

299.6 273.6 10% 7%
Services and other revenue 42.5 37.3 14% 11%
 
Recurring software revenue 297.6 273.3 9% 6%
 

Non-IFRS software revenue breakdown by
product line

PLM software revenue 321.5 288.5 11% 9%
of which CATIA software revenue 189.9 177.0 7% 6%
of which ENOVIA software revenue 58.1 48.0 21% 17%
SolidWorks software revenue 98.4 84.1 17% 13%
 
Non-IFRS Revenue breakdown by geography
Americas 126.4 112.8 12% 8%
Europe 204.1 186.8 9% 8%
Asia       131.9       110.3       20%       15%
 
Non-IFRS operating income € 135.3 € 116.1 17%
Non-IFRS operating margin 29.3% 28.3%
Non-IFRS net income 88.9 78.7 13%
Non-IFRS diluted net income per share       € 0.71       € 0.63       13%        
Closing headcount       9,630       9,195       5%        
 
Average Rate USD per Euro

1.31

1.37 (4%)
Average Rate JPY per Euro       104.0       112.6       (8%)        

*In constant currencies

 

DASSAULT SYSTEMES

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