About Dassault Systèmes:
As a world leader in 3D and Product Lifecycle Management (PLM) solutions, Dassault Systèmes brings value to more than 100,000 customers in 80 countries. A pioneer in the 3D software market since 1981, Dassault Systèmes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire lifecycle of products from conception to maintenance to recycling. The Dassault Systèmes portfolio consists of CATIA for designing the virtual product - SolidWorks for 3D mechanical design - DELMIA for virtual production - SIMULIA for virtual testing - ENOVIA for global collaborative lifecycle management, and 3DVIA for online 3D lifelike experiences. Dassault Systèmes is listed on the Nasdaq (DASTY) and Euronext Paris (#13065, DSY.PA) stock exchanges. For more information, visit http://www.3ds.com
CATIA, DELMIA, ENOVIA, SIMULIA, SolidWorks and 3DVIA are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries.
DASSAULT SYSTEMES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (U.S. GAAP)
(in millions of Euro, except per share data, unaudited)
| Three months ended | Six months ended | |||||||
| June 30, | June 30, | June 30, | June 30, | |||||
| 2008 | 2007 | 2008 | 2007 | |||||
| New licenses revenue | 101.2 | 96.2 | 201.9 | 192.0 | ||||
| Periodic licenses, maintenance and product development revenue | 176.8 | 157.1 | 345.2 | 307.1 | ||||
| Software revenue | 278.0 | 253.3 | 547.1 | 499.1 | ||||
| Services and other revenue | 48.2 | 52.4 | 86.5 | 97.5 | ||||
| Total Revenue | € 326.2 | € 305.7 | € 633.6 | € 596.6 | ||||
| Cost of software revenue (excluding amortization of acquired intangibles) | 12.8 | 13.1 | 27.4 | 25.8 | ||||
| Cost of services and other revenue | 38.9 | 38.5 | 74.5 | 78.7 | ||||
| Research and development | 76.6 | 75.5 | 150.3 | 152.0 | ||||
| Marketing and sales | 95.2 | 88.3 | 187.7 | 171.4 | ||||
| General and administrative | 25.6 | 24.6 | 52.0 | 46.0 | ||||
| Amortization of acquired intangibles | 10.4 | 10.9 | 21.5 | 21.8 | ||||
| Other operating income and expense, net | 2.1 | 0.0 | 2.5 | 0.0 | ||||
| Total Operating Expenses | € 261.6 | € 250.9 | € 515.9 | € 495.7 | ||||
| Operating Income | € 64.6 | € 54.8 | € 117.7 | € 100.9 | ||||
| Financial revenue and other, net | 0.0 | 3.3 | 0.2 | 6.3 | ||||
| Income before income taxes | 64.6 | 58.1 | 117.9 | 107.2 | ||||
| Income tax expense | (22.0) | (20.1) | (34.7) | (36.3) | ||||
| Minority interest | (0.1) | (0.1) | (0.1) | (0.1) | ||||
| Net Income | € 42.5 | € 37.9 | € 83.1 | € 70.8 | ||||
| Basic net income per share | 0.36 | 0.33 | 0.71 | 0.61 | ||||
| Diluted net income per share | € 0.36 | € 0.31 | € 0.70 | € 0.59 | ||||
| Basic weighted average shares outstanding (in millions) | 116.9 | 116.2 | 117.1 | 116.1 | ||||
| Diluted weighted average shares outstanding (in millions) | 118.9 | 119.3 | 119.3 | 119.2 | ||||
|
U.S. GAAP revenue variation as reported and in constant currencies |
||||||||
| Three months ended June 30, 2008 | Six months ended June 30, 2008 | |||||||
| Variation* | Variation in cc** | Variation* | Variation in cc** | |||||
| GAAP Revenue | 7% | 13% | 6% | 13% | ||||
| GAAP Revenue by activity | ||||||||
| Software Revenue | 10% | 17% | 10% | 16% | ||||
| Services and other Revenue | (8%) | (2%) | (11%) | (6%) | ||||
| GAAP Software Revenue by segment | ||||||||
| PLM software revenue | 11% | 17% | 10% | 17% | ||||
| of which CATIA software revenue | 14% | 20% | 15% | 22% | ||||
| of which ENOVIA software revenue | 7% | 16% | 3% | 12% | ||||
| Mainstream 3D software revenue | 6% | 14% | 8% | 16% | ||||
| GAAP Revenue by geography | ||||||||
| Americas | 2% | 19% | 0% | 15% | ||||
| Europe | 12% | 12% | 12% | 12% | ||||
| Asia | 3% | 10% | 3% | 10% | ||||
* Variation compared to the same period in the prior year. - ** In
constant currencies.
