Dassault Systemes Reports Q3 2006 Revenue And Earnings


(1) In the reconciliation schedule above, (i) all non-GAAP adjustments to GAAP revenue data reflect the exclusion of the deferred revenue adjustment; (ii) non-GAAP adjustments to GAAP operating expenses data reflect the exclusion of the amortization of acquired intangibles; and (iii) all non-GAAP adjustments to GAAP income data reflect the combined effect of these non-GAAP adjustments, plus with respect to net income and diluted net income per share, the exclusion of one-time tax restructuring effects.
                                    Nine months ended September 30,
--------------------------------- ------------------------------------
                                                      2006
                                  2006 GAAP Adjust. non-GAAP 2005 GAAP
--------------------------------- --------- ------- -------- ---------
Cost of service and other revenue  104.4     (0.2)   104.2     82.3
Research and development           224.8     (4.3)   220.5    179.9
Marketing and sales                211.7     (1.6)   210.1    156.5
General and administrative          59.3     (1.1)   58.2      41.7
Total stock-based compensation
 expense                                     (7.2)
--------------------------------- --------- ------- -------- ---------


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

(3) Based on a weighted average 119.1 million diluted shares for YTD 2006 and 117.1 million diluted shares for YTD 2005.
                          DASSAULT SYSTEMES
                         NON-GAAP KEY FIGURES
 (in millions of Euro, except per share data, headcount and exchange
                                rates.)

Non-GAAP key figures exclude the effects of adjusting the carrying
value of acquired companies' deferred revenue, amortization of
acquired intangible assets, share-based compensation expenses and
one-time tax restructuring effects.

Comparable U.S. GAAP financial information, and a reconciliation of
the GAAP and non-GAAP measures, are set forth in the preceding tables
in this Attachment A.

                       Three months ended        Nine months ended
                    --------------------------------------------------
                    Sept.30,Sept.30,         Sept.30,Sept.30,
                      2006    2005  Variation  2006    2005  Variation
----------------------------------------------------------------------
Non-GAAP Revenue      282.3   213.8       32%  824.3   630.3       31%

Non-GAAP Revenue
 breakdown by
 activity
Software Revenue      231.4   183.3       26%  692.4   531.4       30%
Service Revenue        50.9    30.5       67%  131.9    98.9       33%

Non-GAAP Revenue
 breakdown by
 segment
PLM                   231.9   170.4       36%  665.5   500.4       33%
 of which ENOVIA       54.4    26.5      105%  128.6    74.8       72%
SolidWorks             50.4    43.4       16%  158.8   129.9       22%

Non-GAAP Revenue
 breakdown by
 geography
Americas               95.0    74.7       27%  256.4   200.6       28%
Europe                125.6    85.0       48%  376.0   280.4       34%
Asia                   61.7    54.1       14%  191.9   149.3       29%
----------------------------------------------------------------------

Non-GAAP Operating
 Income                64.4    50.8       27%  195.1   151.4       29%
Non-GAAP Operating
 Margin                22.8%   23.8%            23.7%   24.0%
Non-GAAP Net Income    47.7    38.0       25%  131.8   107.2       23%
Non-GAAP Diluted Net
 Income Per Share      0.40    0.32       25%   1.11    0.92       21%
----------------------------------------------------------------------

Closing headcount     6,772   5,114       32%
----------------------------------------------------------------------

Average Rate
 Euro/USD              1.27    1.22        4%   1.24    1.26      (2%)
Average Rate
 Euro/JPY             148.1   135.6        9%  144.1   136.0        6%
----------------------------------------------------------------------


Contact:

Dassault Systèmes:
Valerie Agathon/Géraldine Nithart-Riva, 33.1.40.99.69.24
Or
Financial Dynamics:
Harriet Keen/Haya Chelhot, 44.20.7831.3113
or
Dorothée Mugnier/Clara Armande-Delille, 33.1.47.03.68.10



« Previous Page 1 | 2 | 3 | 4 | 5 | 6             

Rating:


Review Article Be the first to review this article
Rand3D

SolidCAM: Cutting Webinar

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise