DS Reports Third Quarter EPS and Operating Margin Above Company Objectives

PARIS — (BUSINESS WIRE) — October 28, 2009 — Dassault Systèmes (DS) (Paris: DSY) (Euronext Paris: #13065, DSY.PA) reports IFRS unaudited financial results for the third quarter and nine-month periods ended September 30, 2009, in accordance with Article L.451-1-2 IV of the French Monetary and Financial Code (Code Monétaire et Financier). These results have been reviewed by the Company’s Board of Directors.

Summary Financial Highlights
(unaudited)

  • As recently announced DS plans to acquire the IBM PLM business operations (“IBM PLM”) for approximately $600 million
  • Third Quarter 2009 non-IFRS revenue results in line with DS Q3 objectives; non-IFRS EPS and non-IFRS operating margin above on strong cost controls; cost-savings reach €100 million year-to-date, ahead of plan
  • Net operating cash flow of €234 million year-to-date; cash and short-term investments of €975 million
  • DS updates 2009 financial objectives: reconfirms EPS range, narrows operating margin objective to mid-point of 25% and lowers revenue range by €10 million to €1.24 – €1.27 billion

Third Quarter 2009 Financial Summary

In millions of Euros, except per share data   IFRS   Non-IFRS
        Change   Change in cc*       Change   Change in cc*
Q3 Total Revenue   291.7   (8%)   (12%)   291.8   (9%)   (12%)
Q3 Software Revenue   255.6   (8%)   (11%)   255.7   (8%)   (12%)
Q3 EPS   0.32   (14%)       0.44   (10%)    
Q3 Operating Margin   19.4%           25.5%        

*In constant currencies.


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