Dassault Systèmes Reports Solid Q3 and Upgrades Q4 and Full Year 2012 Financial Objectives

Non-IFRS Financial Information

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 annual report for the year ended December 31, 2011 included in the Company’s 2011 Document de référence and the 2012 Half Year Financial Report filed with the AMF on March 29, 2012, and July 27, 2012, respectively.

In the tables accompanying this press release the Company sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, stock-based compensation expense and related social charges, the expenses for the amortization of acquired intangible assets, other income and expense, net, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information.

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 3DEXPERIENCE 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, SIMULIA, DELMIA, ENOVIA, GEOVIA, EXALEAD, NETVIBES, 3DSWYM and 3DVIA 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 and related social charges, 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       Nine months ended
       

September
30, 2012

     

September
30, 2011

      Change      

Change
in cc*

     

September
30, 2012

     

September
30, 2011

     

Change

     

Change
in cc*

Non-IFRS Revenue € 505.0       € 432.9       17%       10%       € 1,470.3       € 1,271.4       16%       10%
 
Non-IFRS Revenue breakdown by activity
Software revenue 460.2 394.3 17% 10% 1,337.9 1,155.3

16%

10%
of which new licenses revenue 119.5 100.2 19% 10% 367.7 309.6 19% 12%

of which periodic licenses, maintenance and
product development revenue

340.7 294.1 16% 10% 970.2 845.7 15% 9%
Services and other revenue 44.8 38.6 16% 9% 132.4 116.1 14% 9%
 
Recurring software revenue 339.3 292.1 16% 10% 965.0 842.6 15% 9%
 

Non-IFRS software revenue breakdown by
product line

PLM software revenue 360.3 309.9 16% 10% 1,038.1 905.4 15% 9%
of which CATIA software revenue 199.6 182.6 9% 5% 598.0 542.7 10% 6%
of which ENOVIA software revenue 61.7 55.3 12% 3% 185.6 159.2 17% 9%
SOLIDWORKS software revenue 99.9 84.4 18% 9% 299.8 249.9 20% 12%
 
Non-IFRS Revenue breakdown by geography
Americas 147.7 116.0 27% 13% 413.3 353.2 17% 7%
Europe 211.9 200.7 6% 3% 644.2 575.9 12% 10%
Asia       145.4       116.2       25%       18%       412.8       342.3       21%       14%
 
Non-IFRS operating income € 164.6 € 138.4 19% € 446.9 € 374.7 19%
Non-IFRS operating margin 32.6% 32.0% 30.4% 29.5%
Non-IFRS net income 111.7 95.3 17% 296.1 253.7 17%
Non-IFRS diluted net income per share       € 0.89       € 0.77       16%               € 2.36       € 2.05       15%        
Closing headcount       10,067       9,481       6%               10,067       9,481       6%        
 
Average Rate USD per Euro 1.25 1.41 (11%) 1.28 1.41 (9%)
Average Rate JPY per Euro       98.3       109.8       (10%)               101.6       113.2       (10%)        

*In constant currencies

 

DASSAULT SYSTEMES

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