Dassault Systèmes Reports Record First Quarter Earnings and Reconfirms 2011 Financial Growth Objectives

Lockheed Martin Expands Use of Dassault Systèmes DELMIA Robotics Implementation. Lockheed Martin has migrated its F-35 Lightning II robotic painting workcells to Dassault Systèmes’ DELMIA Robotics. A long-time user of DELMIA manufacturing simulation solutions, Lockheed Martin’s new implementation of DELMIA Robotics has made the company’s manufacturing processes more efficient, leveraging a common interface across its CATIA design authoring and DELMIA digital manufacturing solutions.

Dassault Systèmes Assists Parker Aerospace in Managing Regulatory Compliance. Parker Aerospace, an operating unit of Parker Hannifin Corporation, the world’s leading producer of motion and control technology solutions, is implementing ENOVIA V6 to better manage regulatory compliance, consolidate disparate systems and enable quicker product data inquiries.

Vodafone McLaren Mercedes to Deploy Dassault Systèmes V6 Solution. McLaren Racing, the operating arm of the Vodafone McLaren Mercedes Formula 1 team, and Dassault Systèmes announced a new partnership to further enhance racing car development efficiency. The agreement sees McLaren Racing committing to Dassault Systèmes’ open V6 PLM solutions for integrated design development, analysis and management. ENOVIA V6 forms McLaren Racing’s collaborative innovation backbone by providing a single IP reference for managing engineering, intellectual property and business processes. CATIA V6 will be used for innovative design and concurrent engineering, enhancing McLaren’s development efficiency.

Other Corporate Information

On April 1, 2011, Dassault Systèmes filed its 2010 Document de référence with the French Autorité des marchés financiers. The 2010 Document de référence as well as an English language translation of this document are available on the Company’s website.

Business Outlook

Thibault de Tersant, Senior Executive Vice President and CFO, commented, “Our first quarter financial results reflected a number of positive dynamics across our businesses and solid operational management. Our strong revenue performance in combination with good expense management led to our non-IFRS operating margin coming in at 28.3% and non-IFRS earnings per share growing 47%.

“Based upon our first quarter results, business trends and recently completed acquisitions, we believe we are positioned to offset the potential impact on revenues that may arise as a consequence of the earthquake in Japan. Therefore, although reducing the reported revenue range outlook to reflect currency assumption changes, we are reconfirming our 2011 constant currency revenue growth objective, including our 15% constant currency new licenses revenue growth goal, as well as our non-IFRS 29% operating margin and our non-IFRS earnings per share objectives. At the same time we will continue to make the appropriate investments to expand our addressable market.”

The Company’s current objectives are the following:

  • Second quarter 2011 non-IFRS total revenue objective of about €400 to €410 million, non-IFRS operating margin of about 26-27% and non-IFRS EPS of about €0.56 to €0.61;
  • Reconfirming 2011 non-IFRS revenue growth objective range of about 9% to 11% in constant currencies; (adjusting the reported revenue range to €1.67 to €1.70 billion from €1.68 to €1.71 billion previously, based upon the 2011 currency exchange rate assumptions outlined below);
  • Reconfirming 2011 non-IFRS operating margin of about 29%;
  • Reconfirming 2011 non-IFRS EPS range of €2.64 to €2.75, representing growth of about 6% to 10%;
  • Objectives are based upon exchange rate assumptions for the 2011 second quarter of US$1.45 per €1.00 and JPY120 per €1.00 and a full year average of US$1.43 per €1.00 and JPY118 per €1.00.

The Company’s objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below.

The non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2011 currency exchange rates above: deferred revenue write-downs estimated at approximately €1 million for 2011; share-based compensation expense estimated at approximately €15 million for 2011 and amortization of acquired intangibles estimated at approximately €80 million for 2011. The objectives outlined above do not include any impact from other operating income and expense, net principally comprised of acquisition, integration, restructuring and relocation expenses. These estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after April 27, 2011.

Webcasted Meeting and Conference Call Information

Today, Wednesday, April 27, 2011, Dassault Systèmes will first host a meeting in Paris, which will be simultaneously webcasted at 8:30 AM London time/9:30 AM CET time and will then host a conference call at 2:00 PM London time/3:00 PM CET/ 9:00 AM New York time. The webcasted meeting and conference call will be available via the Internet by accessing http://www.3ds.com/company/finance/. Please go to the website at least fifteen minutes prior to the webcast or conference call to register, download and install any necessary audio software. The webcast and conference call will be archived for 30 days.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »

Review Article Be the first to review this article
SolidCAM - Learn More

Latest Blog Posts
Joseph LopezPROSTEP INC Blog
by Joseph Lopez
Integration is the Key to Digitization
Project Coordinator (Utility Coordination Team) for City of Austin at Austin, Texas
Account Manager - Pipeline for ESRI at Denver, Colorado
Jr. GEOINT Imagery Analyst for BAE Systems at Houston, Colorado
Ecommerce Account Manager for Bright Atlas LLC at Miami Gardens, Florida
Upcoming Events
CES - The Global Stage for Innovation at LAS VEGAS NV - Jan 7 - 10, 2020
AHR Expo at Orange County Convention Center West Building Orlando FL - Feb 3 - 5, 2020
Design & Manufacturing at Anaheim Convention Center Anaheim CA - Feb 11 - 13, 2020
METAV 2020 at Düsseldorf Germany - Mar 10 - 13, 2020
Kenesto: 30 day trial

Internet Business Systems © 2019 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise