DS Reports 2008 Third Quarter Financial Results Well in Line With its Objectives

SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION

U.S. GAAP NON-GAAP RECONCILIATION

(in millions of Euro, except per share data, unaudited)

Readers are cautioned that the supplemental non-GAAP 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 U.S. GAAP measurements. Also, our supplemental non-GAAP financial information may not be comparable to similarly titled non-GAAP measures used by other companies. Further specific limitations for individual non-GAAP measures, and the reasons for presenting non-GAAP financial information, are set forth in todays press release with respect to other operating income and expense, net and in the Companys annual report for the year ended December 31, 2007 on Form 20-F filed with the SEC on April 4, 2008 for the other non-GAAP financial measures. To compensate for these limitations, the supplemental non-GAAP financial information should be read not in isolation, but only in conjunction with our consolidated financial statements prepared in accordance with U.S. GAAP.

In millions of Euros, except per share data and percentages   Three months ended Sept. 30,   Variation
2008  

Adjustment

  2008   2007  

Adjustment

  2007   U.S. GAAP  

Non-GAAP

    U.S. GAAP  

(1)

  non-GAAP   U.S. GAAP  

(1)

  non-GAAP      

(2)

Total Revenue 318.3 1.4 319.7 299.1 2.2 301.3 6% 6%
Total Revenue breakdown by activity
Software revenue 276.5 1.4 277.9 255.9 2.2 258.1 8% 8%
New Licenses 90.5 92.8 (2%)
Product Development 1.3 1.6 --
Periodic Licenses and Maintenance 184.7 1.4 186.1 161.5 2.2 163.7 14% 14%
Recurring portion of Software revenue 67% 67% 63% 63%
Services and other revenue 41.8 43.2 (3%)
Total Software Revenue breakdown by segment
PLM software revenue 208.9 1.4 210.3 193.9 1.9 195.8 8% 7%
of which CATIA software revenue 122.5 116.0 0.9 116.9 6% 5%
of which ENOVIA software revenue 43.8 37.7 1.0 38.7 16% 13%
Mainstream 3D software revenue 67.6 62.0 0.3 62.3 9% 9%
Total Revenue breakdown by geography
Americas 101.4 1.3 102.7 96.1 0.9 97.0 6% 6%
Europe 146.1 0.1 146.2 130.9 1.0 131.9 12% 11%
Asia   70.8           72.1   0.3   72.4   (2%)   (2%)
Total Operating Expenses 265.2 (21.4) 243.8 252.2 (18.7) 233.5 5% 4%
Stock-based compensation expense 4.0 (4.0) - 5.1 (5.1) - -- --
Amortization of acquired intangibles 11.4 (11.4) - 13.6 (13.6) - -- --
Other operating income and expense, net   6.0   (6.0)   -   0.0           --   --
Operating Income 53.1 22.8 75.9 46.9 20.9 67.8 13% 12%
Operating Margin 16.7% 23.7% 15.7% 22.5%
Income before Income Taxes 63.0 22.8 85.8 48.6 20.9 69.5 30% 23%
Income tax expense (19.6) (7.4) (27.0) (17.4) (5.3) (22.7) -- --
Income tax effect of adjustments above 7.4 (7.4) - 5.3 (5.3) - -- --
Minority interest (0.1) (0.1) --
Net Income 43.3 15.4 58.7 31.1 15.6 46.7 39% 26%
Diluted Net Income Per Share (3)   0.36   0.13   0.49   0.26   0.13   0.39   38%   26%

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