- IFRS and non-IFRS total revenue increased 29%, reflecting software revenue growth of 31%, and services and other revenue growth of 14% (all figures in constant currencies).
- IFRS and non-IFRS new license revenue increased 28% in constant currencies and IFRS and non-IFRS recurring software revenue grew 32% in constant currencies.
- IFRS PLM software revenue increased 35% in constant currencies. Non-IFRS PLM software revenue increased 36%, with CATIA software revenue higher by 44%, ENOVIA by 31% and Other PLM by 20% (all figures in constant currencies). Other PLM includes SIMULIA, DELMIA, Exalead and 3DVIA.
- Mainstream 3D (IFRS and non-IFRS) software revenue increased 16% in constant currencies. New SolidWorks commercial seats licensed in the first quarter increased 23% to 12,128 seats.
- The IFRS operating margin was 22.2%, up from 15.9% in the first quarter of 2010. The non-IFRS operating margin increased to 28.3% in the 2011 first quarter, up from 22.1% in the year-ago quarter.
- IFRS earnings per diluted share increased 59% to €0.51 up from €0.32. Non-IFRS earnings per diluted share increased 47% to €0.63 compared to €0.43 in the year-ago quarter.
Cash Flow and Other Financial Highlights
Net operating cash flow was €134 million for the 2011 first quarter, compared to €133 million in the year-ago period.
The Company’s net financial position, comprised of cash, cash equivalents and short-term investments less long-term debt, was €873.9 million at March 31, 2011, compared to a net financial position of €845.7 million at December 31, 2010. The Company’s cash, cash equivalents and short-term investments and long-term debt were €1.16 billion and €286.4 million, respectively at March 31, 2011 compared to €1.14 billion and €293.4 million, respectively at December 31, 2010.
Cash Dividend Recommendation and Annual Shareholders’ Meeting Date
The Board of Directors has scheduled the Annual Shareholders’ Meeting for May 26, 2011 and is recommending a 17% increase in the annual cash dividend equivalent to €0.54 per share for the fiscal year ended December 31, 2010, compared to €0.46 per share for the fiscal year ended December 31, 2009. The dividend is subject to approval by shareholders at the Annual Shareholders’ Meeting.
Dassault Systèmes 2011 Management Organizational Changes to Further Position PLM at the Core of Sustainable Innovation in All Businesses.
The following appointments have been made: Etienne Droit, member of the Executive Committee, has been appointed Chief Executive Officer CATIA; Bruno Latchague, member of the Executive Committee, has been appointed Executive Vice President, PLM Value Solutions; Sylvain Laurent has been promoted to Executive Vice President, PLM Enterprise Business Transformation and new member of the Executive Committee; Ken Clayton has been appointed as Vice-President, Professional Channel and Laurent Couillard has been appointed as Exalead CEO.
Other Key Business and Corporate Highlights
In a separate press release issued today, Dassault Systèmes announced the acquisition of Enginuity, to accelerate innovation for formulated products. Demonstrating its broad industry focus, the addition of Enginuity expands Dassault Systèmes’ already extensive suite of collaborative business process solutions based on the ENOVIA V6 platform. Using ENOVIA V6, formula-centric companies in the pharmaceutical, personal care, cosmetics, food and beverage, flavor/fragrance industries will be able to accelerate product innovation and product launches while successfully navigating complex regulatory requirements and more effectively managing and leveraging their formula, packaging and consumer Intellectual Property in a single, global PLM solution.
Dassault Systèmes Acquired Intercim, LLC, a market leader in manufacturing and production operations management software solutions for advanced and highly regulated industries to integrate with its V6 DELMIA software applications. The combining values of DELMIA and Intercim bring together the factory communities with the manufacturing and product engineers, for an immediate common understanding of the products being built with their potential non-conformance and deviations. This translates for customers into faster turn-around time to correct issues, improved product quality, higher production efficiency and conformity information for certification purposes.
CLAAS Boosts Innovation with V6 Solutions from Dassault Systèmes. CLAAS, one of the world’s leading manufacturers of agricultural equipment and products, has committed to shaping its entire product creation process worldwide – from design, construction and simulation to system validation and production planning – with CATIA V6, ENOVIA V6, DELMIA V6, and SIMULIA V6.
Jaguar Land Rover and Dassault Systemes Agree to New Strategic
Partnership. The agreement, signed by Dassault Systèmes President
and CEO Bernard Charlès and Jaguar Land Rover CEO Dr. Ralf Speth, will
see advanced digital 3D simulation and development tools transform
Jaguar Land Rover’s Product Development processes. The two companies
will work together to jointly develop industry-leading product creation
solutions. Jaguar Land Rover will deploy Dassault Systèmes’ V6 solutions
for Product Lifecycle Management - the process which drives and controls
all vehicle creation processes - to increase operational efficiency and
reduce complexity through enhanced innovation and accelerated