Dassault Systèmes Reports Strong EPS Growth and Operating Margin Expansion in Third Quarter

(2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure.

(3) Based on a weighted average 123.7 million diluted shares for Q3 2011 and 121.5 million diluted shares for Q3 2010.

DASSAULT SYSTEMES

SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION

IFRS – NON-IFRS RECONCILIATION

(unaudited; in millions of Euros, except per share data)

Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2010 filed with the AMF on April 1, 2011 and 2011 Half Year Report filed on July 29, 2011. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS.

In millions of Euros, except per share data and percentages   Nine months ended September 30,   Change
2011  

Adjustment

  2011   2010  

Adjustment

  2010   IFRS  

Non-IFRS

    IFRS  

(1)

  non-IFRS   IFRS  

(1)

  non-IFRS      

(2)

Total Revenue € 1,270.9 0.5 € 1,271.4 € 1,101.1 11.6 € 1,112.7 15% 14%
Total Revenue breakdown by activity
Software revenue 1,154.8 0.5 1,155.3 992.8 11.6 1,004.4 16% 15%
New Licenses 309.6 258.1 20%
Product Development 3.1 0.7
Periodic Licenses and Maintenance 842.1 0.5 842.6 734.0 11.6 745.6 13%
Recurring portion of Software revenue 73% 73% 74% 74%
Services and other revenue 116.1 108.3 7%
Total Software Revenue breakdown by product line
PLM software revenue 904.9 0.5 905.4 764.1 11.6 775.7 18% 17%
of which CATIA software revenue 542.2 0.5 542.7 455.1 9.4 464.5 19% 17%
of which ENOVIA software revenue 159.2 135.4 1.9 137.3 18% 16%
Mainstream 3D software revenue 249.9 228.7 9%
Total Revenue breakdown by geography
Americas 353.1 0.1 353.2 324.2 3.5 327.7 9% 8%
Europe 575.8 0.1 575.9 487.6 2.9 490.5 18% 17%
Asia   342.0   0.3   342.3   289.3   5.2   294.5   18%   16%
Total Operating Expenses (€ 978.7) 82.0 (€ 896.7) (€ 903.8) 84.2 (€ 819.6) 8% 9%
Stock-based compensation expense (14.7) 14.7 - (17.0) 17.0 - - -
Amortization of acquired intangibles (62.5) 62.5 - (48.3) 48.3 - - -
Other operating income and expense, net   (4.8)   4.8   -   (18.9)   18.9   -   -   -
Operating Income € 292.2 82.5 € 374.7 € 197.3 95.8 € 293.1 48% 28%
Operating Margin 23.0% 29.5% 17.9% 26.3%
Financial revenue & other, net 6.2 (6.7) (0.5) (2.0) 0.0 (2.0) (410%) (75%)
Income tax expense (93.3) (26.2) (119.5) (53.4) (36.8) (90.2) 75% 32%
Minority interest (0.6) (0.4) (1.0) (0.1) 0.0 (0.1) -
Net Income attributable to shareholders € 204.5 49.2 € 253.7 € 141.8 59.0 € 200.8 44% 26%
Diluted Net Income Per Share (3)   € 1.65   0.40   € 2.05   € 1.18   0.49   € 1.67   40%   23%

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