Dassault Systèmes Reports New Licenses Revenue Growth of 36% in Q2

SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION

IFRS – NON-IFRS RECONCILIATION

(unaudited; in millions of Euros, except per share data)

Readers are cautioned that the supplemental non-IFRS 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 IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2010 filed with the AMF on April 1, 2011. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS.

In millions of Euros, except per share data and percentages   Three months ended June 30,   Change    
2011   Adjustment (1)   2011   2010   Adjustment (1)   2010   IFRS   Non-IFRS (2)
    IFRS       non-IFRS   IFRS       non-IFRS        
Total Revenue € 428.6 € 385.6 6.3 € 391.9 11% 9%
Total Revenue breakdown by activity
Software revenue 388.4 346.4 6.3 352.7 12% 10%
New Licenses 110.4 85.4 29%
Product Development 0.8 0.3
Periodic Licenses and Maintenance 277.2 260.7 6.3 267.0 6% 4%
Recurring portion of Software revenue 71% 75% 76%
Services and other revenue 40.2 39.2 3%
Total Software Revenue breakdown by product line
PLM software revenue 307.0 268.4 6.3 274.7 14% 12%
of which CATIA software revenue 183.1 162.7 5.4 168.1 13% 9%
of which ENOVIA software revenue 55.9 47.6 0.9 48.5 17% 15%
Mainstream 3D software revenue 81.4 78.0 4%
Total Revenue breakdown by geography
Americas 124.4 116.2 1.0 117.2 7% 6%
Europe 188.4 173.7 1.4 175.1 8% 8%
Asia   115.8           95.7   3.9   99.6   21%   16%
Total Operating Expenses (€ 335.4) 27.0 (€ 308.4) (€ 313.6) 31.2 (€ 282.4) 7% 9%
Stock-based compensation expense (4.0) 4.0 - (6.9) 6.9 - - -
Amortization of acquired intangibles (20.5) 20.5 - (17.7) 17.7 - - -
Other operating income and expense, net   (2.5)   2.5   -   (6.6)   6.6   -   -   -
Operating Income € 93.2 27.0 € 120.2 € 72.0 37.5 € 109.5 29% 10%
Operating Margin 21.7% 28.0% 18.7% 27.9%
Financial revenue & other, net 1.1 (1.7) (0.6) (3.3) 0.0 (3.3) (133%) (82%)
Income before income taxes 94.3 25.3 119.6 68.7 37.5 106.2 37% 13%
Income tax expense (30.0) (9.9) (39.9) (20.0) (15.9) (35.9) 50% 11%
Income tax adjustments (9.9) 9.9 - (15.9) 15.9 - - -
Minority interest 0.0 (0.1) -
Net Income attributable to shareholders € 64.3 15.4 € 79.7 € 48.6 21.6 € 70.2 32% 14%
Diluted Net Income Per Share (3)   € 0.52   0.12   € 0.64   € 0.40   0.18   € 0.58   30%   10%
 

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