Dassault Systemes Reports Q3 Financial Results


Supplemental Disclosures Regarding Non-U.S. GAAP Financial Information: Excluding Acquisition Costs

The following table sets forth the Company's Consolidated Statement of Income Data excluding acquisition costs for the three months and nine months ended September 30, 2005. In particular, the table presents operating income, operating margin and earnings per share excluding acquisition costs (acquisition costs are primarily comprised of technology amortization in addition to other acquisition-related costs).

The Company uses these non-U.S. GAAP measures, among other things, to evaluate the Company's operating performance and for planning and setting objectives for future periods. The Company believes these non-U.S. GAAP measures are useful to investors because they provide an alternative method for measuring the operating performance of the Company's business by isolating the effect of acquisition costs, which do not impact the underlying business. In addition, these measures are among the primary measures used externally by analysts for purposes of valuation and for comparing operating performance of the Company to other companies in the industry.

Since these measures of performance are not calculated in accordance with U.S. GAAP, they should not be considered in isolation of, or as a substitute for, operating income, operating margin and earnings per share including acquisition costs, as an indicator of operating performance.
                           DASSAULT SYSTEMES
          NON-U.S. GAAP CONSOLIDATED STATEMENT OF INCOME DATA
                          PERCENTAGE VARIANCE
                     (EXCLUDING ACQUISITION COSTS)

             (in millions of Euro, except per share data)

                                   Three Months Ended

                              September 30,    September 30, Variation
                                      2005             2004
                            ---------------- --------------- ---------
 New licenses revenue                  85.8            68.5      25.3%
 Recurring licenses and
  product development
  revenue                              97.5            88.2      10.5%
                            ---------------- ---------------
Software revenue                      183.3           156.7      17.0%
Service and other revenue              30.5            31.3     (2.6)%
                            ---------------- ---------------
        Total Revenue       EUR       213.8  EUR      188.0      13.7%

Software                                5.9             5.2      13.5%
Service and other                      26.9            25.3       6.3%
                            ---------------- ---------------
     Total Cost of Revenue  EUR        32.8  EUR       30.5       7.5%

        Gross Profit        EUR       181.0  EUR      157.5      14.9%

Research and Development               62.0            55.1      12.5%
Marketing and Sales                    54.1            44.8      20.8%
General Administration                 14.1            11.3      24.8%
                            ---------------- ---------------
Total Research, Selling,
 Administration             EUR       130.2  EUR      111.2      17.1%
                            ================ ===============
        Operating Income    EUR        50.8  EUR       46.3       9.7%

Financial revenue and Other             6.9             2.7     155.6%
                            ---------------- ---------------
Income before income taxes             57.7            49.0      17.8%
Income tax expense                    (19.7)          (16.7)
                            ---------------- ---------------
        Net Income          EUR        38.0  EUR       32.3      17.6%
                            ================ ===============
Diluted net income per
 share                      EUR        0.32  EUR       0.28      14.3%
                            ================ ===============
Diluted weighted average
 shares outstanding (in
 millions)                                                    118.0                      116.2
 


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