Dassault Systemes Outperforms PLM Market with Solid First Quarter


DASSAULT SYSTEMES CONSOLIDATED STATEMENT OF INCOME DATA PERCENTAGE VARIANCE (EXCLUDING ACQUISITION COSTS) (in millions of Euro, except per share data)

Excluding acquisition costs, the consolidated statements of income data would have been as follows:

Three Months Ended


                                   March  31,   March  31,  Variation
                                       2003         2002        %
                                 -------------------------------------
Revenue
Software                                 145.1       159.3     (8.9%)
Services and Other                        24.3        23.2      4.7%
                                 --------------------------
           Total Revenue          EUR    169.4  EUR  182.5    (7.2%)
Cost of Revenue
Software                                   5.8         6.9    (15.9%)
Services and Other                        21.9        20.8       5.3%
                                 --------------------------
     Total Cost of Revenue        EUR     27.7  EUR   27.7      0.0%
Gross Profit                      EUR    141.7  EUR  154.8     (8.5%)
Research, Selling, Administrative
Research and Development                  53.6        57.2     (6.3)%
Marketing and Sales                       39.6        42.4     (6.6%)
General and Administrative                11.7        12.5     (6.4)%
                                 --------------------------
Total Research, Selling,          EUR    104.9   EUR 112.1     (6.4%)
 Administrative
                                 =====================================
Operating Income                  EUR     36.8   EUR  42.7    (13.8%)
Financial revenue and Other                2.0         4.6    (56.5%)
Income before income taxes                38.8        47.3    (18.0%)
Income tax expense                       (14.6)      (18.8)     N/S
Net Income                        EUR     24.2   EUR  28.5    (15.1%)
                                 =====================================
Diluted net income per share      EUR     0.21   EUR  0.24    (12.5%)
                                 =====================================
Diluted weighted average shares
 outstanding (in millions)               114.0       118.1


DASSAULT SYSTEMES CONDENSED CONSOLIDATED BALANCE SHEETS (in millions of Euro)


                                    March 31, 2003   December 31, 2002
                                    ----------------------------------
ASSETS
Cash and short-term investments          459.6            388.4
Accounts receivable, net                 139.7            229.5
Other assets                             301.8            302.3
                                    ----------------------------------
Total assets                       EUR   901.1     EUR    920.2
LIABILITIES
AND SHAREHOLDERS' EQUITY
Total liabilities                        286.2            291.9
Shareholders' equity                     614.9            628.3
                                    ----------------------------------
Total liabilities and 
shareholders' equity                EUR  901.1      EUR   920.2
 


CONTACT: Dassault Systemes                    
             Didier Gaillot/Valerie Agathon, 
33.1.40.99.69.24
             Michele Katz, 631/288-1145                                     
                            or                                                                            
                          FD  International                          
                          Giles  Sanderson/Emma  Rutherford,  44.20.7831.3113
                          Jean-Benoit  Roquette                        
                          Nelly  Dimey/Lorie  Lichtlen            
                          
  33.1.47.03  .68.10                                
                          Deborah  Ardern-Jones,  212/850-5626
 


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