(3) Based on a weighted average 123.7 million diluted shares for Q3 2011 and 121.5 million diluted shares for Q3 2010.
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DASSAULT SYSTEMES |
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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 and 2011 Half Year Report filed on July 29, 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 | Nine months ended September 30, | Change | |||||||||||||||
| 2011 |
Adjustment |
2011 | 2010 |
Adjustment |
2010 | IFRS |
Non-IFRS |
||||||||||
| IFRS |
(1) |
non-IFRS | IFRS |
(1) |
non-IFRS |
(2) |
|||||||||||
| Total Revenue | € 1,270.9 | 0.5 | € 1,271.4 | € 1,101.1 | 11.6 | € 1,112.7 | 15% | 14% | |||||||||
| Total Revenue breakdown by activity | |||||||||||||||||
| Software revenue | 1,154.8 | 0.5 | 1,155.3 | 992.8 | 11.6 | 1,004.4 | 16% | 15% | |||||||||
| New Licenses | 309.6 | 258.1 | 20% | ||||||||||||||
| Product Development | 3.1 | 0.7 | |||||||||||||||
| Periodic Licenses and Maintenance | 842.1 | 0.5 | 842.6 | 734.0 | 11.6 | 745.6 | 13% | ||||||||||
| Recurring portion of Software revenue | 73% | 73% | 74% | 74% | |||||||||||||
| Services and other revenue | 116.1 | 108.3 | 7% | ||||||||||||||
| Total Software Revenue breakdown by product line | |||||||||||||||||
| PLM software revenue | 904.9 | 0.5 | 905.4 | 764.1 | 11.6 | 775.7 | 18% | 17% | |||||||||
| of which CATIA software revenue | 542.2 | 0.5 | 542.7 | 455.1 | 9.4 | 464.5 | 19% | 17% | |||||||||
| of which ENOVIA software revenue | 159.2 | 135.4 | 1.9 | 137.3 | 18% | 16% | |||||||||||
| Mainstream 3D software revenue | 249.9 | 228.7 | 9% | ||||||||||||||
| Total Revenue breakdown by geography | |||||||||||||||||
| Americas | 353.1 | 0.1 | 353.2 | 324.2 | 3.5 | 327.7 | 9% | 8% | |||||||||
| Europe | 575.8 | 0.1 | 575.9 | 487.6 | 2.9 | 490.5 | 18% | 17% | |||||||||
| Asia | 342.0 | 0.3 | 342.3 | 289.3 | 5.2 | 294.5 | 18% | 16% | |||||||||
| Total Operating Expenses | (€ 978.7) | 82.0 | (€ 896.7) | (€ 903.8) | 84.2 | (€ 819.6) | 8% | 9% | |||||||||
| Stock-based compensation expense | (14.7) | 14.7 | - | (17.0) | 17.0 | - | - | - | |||||||||
| Amortization of acquired intangibles | (62.5) | 62.5 | - | (48.3) | 48.3 | - | - | - | |||||||||
| Other operating income and expense, net | (4.8) | 4.8 | - | (18.9) | 18.9 | - | - | - | |||||||||
| Operating Income | € 292.2 | 82.5 | € 374.7 | € 197.3 | 95.8 | € 293.1 | 48% | 28% | |||||||||
| Operating Margin | 23.0% | 29.5% | 17.9% | 26.3% | |||||||||||||
| Financial revenue & other, net | 6.2 | (6.7) | (0.5) | (2.0) | 0.0 | (2.0) | (410%) | (75%) | |||||||||
| Income tax expense | (93.3) | (26.2) | (119.5) | (53.4) | (36.8) | (90.2) | 75% | 32% | |||||||||
| Minority interest | (0.6) | (0.4) | (1.0) | (0.1) | 0.0 | (0.1) | - | ||||||||||
| Net Income attributable to shareholders | € 204.5 | 49.2 | € 253.7 | € 141.8 | 59.0 | € 200.8 | 44% | 26% | |||||||||
| Diluted Net Income Per Share (3) | € 1.65 | 0.40 | € 2.05 | € 1.18 | 0.49 | € 1.67 | 40% | 23% | |||||||||
