- On an IAS 18 basis and in constant currencies: Total revenue increased 13% (IFRS and non-IFRS). Acquisitions contributed 3 percentage points to the revenue growth rate.
- On an IAS 18 basis and in constant currencies: Software revenue increased 11% (IFRS and non-IFRS). Licenses and other software revenue increased 13% (IFRS and non-IFRS). Non-IFRS recurring revenue, comprised of subscription and support revenue, increased 10%. On an organic basis, non-IFRS software revenue increased 8% with licenses and other software growth of 11%, subscription growth of 9% and support growth of 6%.
- On an IAS 18 basis and in constant currencies: Asia non-IFRS software revenue increased 19% on broad-based growth across all of Asia including Japan and China, its two largest geographies. Europe non-IFRS software revenue increased 12%, driven by significantly higher results in Western Europe and broad strength in direct sales with records set in large deal transactions. Americas non-IFRS software revenue increased 4% on mixed results by sales channels. High Growth Countries non-IFRS software revenue rose 18%.
- 3DEXPERIENCE software revenue was up 33% at constant currency on an IAS 18 basis and represented 30% of related software revenue, compared to 25% in 2017, led by large 3DEXPERIENCE transactions in Aerospace & Defense, Transportation & Mobility, Industrial Equipment and Energy, Process & Utilities and higher activity generally.
- On an IAS 18 basis and in constant currencies: Services revenue increased 32% (IFRS) and 33% (Non-IFRS) led by 3DEXPERIENCE deployment activities, contribution from acquisitions and catch-up from prior quarters on certain brands.
- On an IAS 18 basis: IFRS operating income increased 1%. Non-IFRS operating income increased 11% to €390.8 million. The non-IFRS operating margin was 37.4%, coming in ahead of the Company’s objectives on stronger revenue results. In comparison to the year-ago period, the non-IFRS operating margin decreased 120 basis points reflecting dilution from acquisitions.
- In the 2018 fourth quarter, IAS 18 IFRS and non-IFRS effective tax rates were 30.4% and 27.5%, respectively. In the 2017 fourth quarter, the IAS 18 IFRS and non-IFRS effective tax rate was 27.4% and 34.4%, respectively, with the IFRS tax rate benefiting from a deferred tax re-measurement following the enactment of the U.S. Tax Reform Act while on a non-IFRS basis, the Company excluded this one-time tax benefit.
- On an IAS 18 basis: IFRS diluted net income per share decreased 1%. Non-IFRS diluted net income per share increased 24%, both as reported and in constant currency.
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Twelve Months Financial Summary |
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(Unaudited) |
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In millions of Euros, except per share data |
IFRS under
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IFRS under IAS18 |
Non-IFRS under
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Non-IFRS under IAS18 | ||||||||||||
| YTD 2018 | Change | Change in cc* | YTD 2018 | Change | Change in cc* | |||||||||||
| YTD 2018 Total Revenue | 3,477.4 | 3,474.3 | 8% | 10% | 3,491.1 | 3,488.0 | 8% | 10% | ||||||||
| YTD 2018 Software Revenue | 3,081.8 | 3,078.7 | 7% | 10% | 3,093.9 | 3,090.8 | 7% | 10% | ||||||||
| YTD 2018 Services Revenue | 395.6 | 395.6 | 10% | 13% | 397.2 | 397.2 | 11% | 14% | ||||||||
| YTD 2018 Operating Margin | 22.1% | 22.0% | -0.6pts | 31.9% | 31.8% | -0.2pts | ||||||||||
| YTD 2018 EPS | 2.18 | 2.18 | 8% | 3.12 | 3.11 | 16% | 20% | |||||||||
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Total Software Revenue in
|
IFRS under
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IFRS under IAS18 |
Non-IFRS under
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Non-IFRS under IAS18 | ||||||||||||
| YTD 2018 | YTD 2017 | Change in cc* | YTD 2018 | YTD 2017 | Change in cc* | |||||||||||
| Americas | 864.7 | 874.0 | 855.4 | 7% | 872.4 | 881.7 | 860.1 | 7% | ||||||||
| Europe | 1,340.3 | 1,329.5 | 1,233.5 | 9% | 1,342.8 | 1,332.0 | 1,241.5 | 8% | ||||||||
| Asia | 876.8 | 875.2 | 780.4 | 16% | 878.6 | 877.1 | 781.6 | 16% | ||||||||
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* In constant currencies |
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Twelve Months 2018 versus 2017 Financial Comparisons on an IAS 18
Basis
