Dassault Systèmes Reports Strong Revenue and Earnings Growth and Upgrades 2015 Financial Objectives

(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 256.1 million diluted shares for Q2 2015 and 254.9 million diluted shares for Q2 2014 adjusted to reflect the two-for-one stock split effected on July 17, 2014.

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, 2014 filed with the AMF on March 24, 2015. 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

 

    Six months ended June 30,     Change
2015    

Adjustment

    2015     2014    

Adjustment

    2014     IFRS    

Non-IFRS

      IFRS    

(1)

    non-IFRS     IFRS    

(1)

    non-IFRS          

(2)

Total Revenue € 1 367,2 21,4 € 1 388,6

€ 1 059,0

13,9

€ 1 072,9

29% 29%
Total Revenue breakdown by activity
Software revenue 1 206,0 20,4 1 226,4 945,2 12,9 958,1 28% 28%
New Licenses 333,9 12,5 346,4 257,7 0,4 258,1 30% 34%
Other software-related revenue 13,3 4,1 224%
Periodic Licenses and Maintenance 858,8 7,9 866,7 683,4 12,5 695,9 26% 25%
Recurring portion of Software revenue 71% 71% 72% 73%
Services and other revenue 161,2 1,0 162,2 113,8 1,0 114,8 42% 41%
Total Software Revenue breakdown by product line
CATIA software revenue 454,6 404,3 12%
ENOVIA software revenue 136,8 125,0 9%
SOLIDWORKS software revenue 282,9 211,3 34%
Other software revenue 331,7 20,4 352,1 204,6 12,9 217,5 62% 62%
Total Revenue breakdown by geography
Americas 417,3 11,0 428,3 295,3 6,0 301,3 41% 42%
Europe 587,8 7,2 595,0 490,7 5,6 496,3 20% 20%
Asia     362,1     3,2     365,3     273,0     2,3     275,3     33%     33%
Total Operating Expenses

(€ 1 099,0)

94,5

(€ 1 004,5)

(€ 879,1)

107,9 (€ 771,2) 25% 30%
Share-based compensation expense (10,7) 10,7 - (28,8) 28,8 - - -
Amortization of acquired intangibles (77,6) 77,6 - (57,5) 57,5 - - -
Other operating income and expense, net     (6,2)     6,2     -     (21,6)     21,6     -     -     -
Operating Income € 268,2 115,9 € 384,1 € 179,9 121,8 € 301,7 49% 27%
Operating Margin 19,6% 27,7% 17,0% 28,1%
Financial revenue & other, net 3,8 0,0 3,8 7,4 0,0 7,4 (49%) (49%)
Income tax expense (99,3) (39,2) (138,5) (66,8) (40,7) (107,5) 49% 29%
Non-controlling interest (2,5) 0,0 (2,5) (0,1) (0,3) (0,4) 2400% 525%
Net Income attributable to shareholders € 170,2 76,7 € 246,9 € 120,4 80,8 € 201,2 41% 23%
Diluted Net Income Per Share (3)     € 0,67     0,29     € 0,96     € 0,47     0,32     € 0,79     43%     22%

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