“Among these is 3D printing, which represents game-changing possibilities in terms of production business models. Additive manufacturing requires unique software specification-based design capabilities and intimate understanding of new materials, all of them at the core of our Research & Development efforts in the past years, or acquired with BIOVIA. The 3DEXPERIENCE platform makes it possible to industrialize comprehensive additive manufacturing processes.
“Addressing Smart Cities, we’re developing ‘Virtual Singapore’, the digital twin experience of the city-state and a world first, based on our 3DEXPERIENCity solutions, in cooperation with the Singapore Prime Minister’s office. Over the course of the last 20 years, Dassault Systèmes has been deploying digital twins for many complex industries, from aerospace to biotech. We’re now applying it to cities, some of the most complex products ever created – in order to improve infrastructure development, risk management or traffic optimization, for example. Large-scale simulations of an entire city showcase what is possible using the 3DEXPERIENCE platform. With ‘Virtual Singapore’ we will have a ‘master model’ to represent, simulate and optimize an urban experience.
“And recently for Internet of Experiences, Netvibes, part of our 3DEXPERIENCE platform, with its dashboard intelligence, has introduced a revolutionary innovation of its stand-alone product. Called ‘Dashboard of Things’, it introduces ‘programmable intelligence’, whereby businesses and consumers can very easily program automatic interactions between apps and devices, to provide further value to its 7 million users. This is an example of how Dassault Systèmes gives meaning to the Internet of Things.”
2015 Second Quarter Financial Summary
|In millions of Euros, except per share data||IFRS||Non-IFRS|
|Change||Change in cc*||Change||Change in cc*|
|Q2 Total Revenue||715,7||29%||16%||723,5||27%||14%|
|Q2 Software Revenue||627,8||27%||14%||635,4||25%||12%|
|Q2 Service & other Revenue||87,9||44%||30%||88,1||42%||28%|
|Q2 Operating Margin||22,0%||29,4%|
|In millions of Euros||IFRS||Non-IFRS|
|Q2 2015||Q2 2014||Change in cc*||Q2 2015||Q2 2014||Change in cc*|
*In constant currencies
- IFRS total revenue increased 16% on software revenue growth of 14% and services and other revenue growth of 30%. On a non-IFRS basis, total revenue increased 14%, on software revenue growth of 12% and services and other revenue growth of 28%. (All growth rates in constant currencies.)
- From a regional perspective and in constant currencies, Asia had the strongest performance in the second quarter with non-IFRS total revenue growth of 20%. The region displayed strength across all geographies. Non-IFRS total revenue for both Europe and the Americas increased 12% in constant currencies, led by France and Southern Europe and by North America in the respective regions.
- Non-IFRS new licenses revenue increased 17%, with the strongest growth coming from large customers in the quarter. New licenses growth also benefited from acquisitions completed in 2014. Non-IFRS periodic license, maintenance and other software-related revenue increased 11%, reflecting strong maintenance growth and 2014 acquisitions and accounted for 70% of non-IFRS total software. (All growth comparisons are in constant currencies.)
- By product line, non-IFRS software revenue increased 4% for CATIA, reflecting strong growth in new licenses revenue on a high comparison base; ENOVIA increased 1%, reflecting the transition underway with good 3DEXPERIENCE platform prospects. Other software increased 35%, with the inclusion of Quintiq acquired in September 2014 and Accelrys in April of last year and year over year improvement across brands, including DELMIA, GEOVIA and EXALEAD. SOLIDWORKS software revenue grew 11% on new licenses growth and strong recurring revenue. (All growth comparisons are in constant currencies.)
- IFRS operating income increased 58% to €157.7 million. Non-IFRS operating income increased 31% to €212.4 million on revenue growth, currency benefits and operating margin expansion. The non-IFRS operating margin increased to 29.4%, compared to 28.5% in the year-ago second quarter, with organic operating margin improvement and currency tailwinds more than offsetting acquisition dilution.
- The IFRS effective tax rate increased to 36.8% in the 2015 second quarter compared to 35.6% in the year-ago quarter. The non-IFRS effective tax rate increased to 36.1%, compared to 34.4% in the 2014 second quarter.
- IFRS diluted net income per share increased 50% to €0.39 per share, compared to €0.26 per share on a two-for-one split-adjusted basis in the year-ago quarter. Non-IFRS diluted net income per share grew 25% to €0.53, compared to €0.43 per share on a two-for-one split-adjusted basis in the 2014 second quarter on higher revenue, currency benefits and operating margin expansion.