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

(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 119.9 million diluted shares for Q3 2008 and 120.4 million diluted shares for Q3 2007.

DASSAULT SYSTEMES

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   Nine 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 951.9 1.9 953.8 895.7 9.1 904.8 6% 5%
Total Revenue breakdown by activity
Software revenue 823.6 1.9 825.5 755.0 9.1 764.1 9% 8%
New Licenses 292.4 284.8 3%
Product Development 1.4 4.2 --
Periodic Licenses and Maintenance 529.8 1.9 531.7 466.0 9.1 475.1 14% 12%
Recurring portion of Software revenue 64% 64% 62% 62%
Services and other revenue 128.3 140.7 (9%)
Total Software Revenue breakdown by segment
PLM software revenue 622.4 1.9 624.3 569.7 6.4 576.1 9% 8%
of which CATIA software revenue 371.5 0.3 371.8 333.2 1.1 334.3 11% 11%
of which ENOVIA software revenue 125.2 0.2 125.4 116.6 5.3 121.9 7% 3%
Mainstream 3D software revenue 201.2 185.3 2.7 188.0 9% 7%
Total Revenue breakdown by geography
Americas 291.2 1.5 292.7 285.8 4.3 290.1 2% 1%
Europe 441.9 0.3 442.2 394.5 3.6 398.1 12% 11%
Asia   218.8   0.1   218.9   215.4   1.2   216.6   2%   1%
Total Operating Expenses 781.1 (55.2) 725.9 747.9 (48.2) 699.7 4% 4%
Stock-based compensation expense 13.8 (13.8) - 12.8 (12.8) - -- --
Amortization of acquired intangibles 32.9 (32.9) - 35.4 (35.4) - -- --
Other operating income and expense, net   8.5   (8.5)   -   0.0           --   --
Operating Income 170.8 57.1 227.9 147.8 57.3 205.1 16% 11%
Operating Margin 17.9% 23.9% 16.5% 22.7%
Income before Income Taxes 180.9 57.1 238.0 155.8 57.3 213.1 16% 12%
Income tax expense (54.3) (21.1) (75.4) (53.7) (16.2) (69.9) -- --
Income tax effect of adjustments above 21.1 (21.1) - 16.2 (16.2) - -- --
Minority interest (0.2) (0.2) --
Net Income 126.4 36.0 162.4 101.9 41.1 143.0 24% 14%
Diluted Net Income Per Share (3)   1.06   0.30   1.36   0.85   0.35   1.20   25%   13%

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