Thibault de Tersant, Senior Executive Vice President, CFO, commented, “Our second quarter financial results came in above our expectations, with the upside coming from solid execution of our new direct sales model, strong growth in Asia across the board and improvement in several brands including DELMIA, GEOVIA and EXALEAD.

“During the first half we delivered on our objectives for organic double-digits non-IFRS new licenses revenue growth and an increase in our organic non-IFRS operating margin of approximately 100 basis points – both targets excluding any currency benefits. And on top of this we have delivered excellent cash flow growth.

“Turning to our 2015 financial objectives, we are increasing our revenue range by about €40 million in total to €2.80 to €2.82 billion and are increasing our 2015 non-IFRS EPS objective to about €2.15, representing growth of about 18%. We are maintaining our target for double-digit organic new licenses revenue growth in constant currencies for the second half, even with a stronger base of comparison.”

The Company’s third quarter and full year 2015 financial objectives are as follows:

• Third quarter 2015 non-IFRS total revenue objective of about €660-670 million based upon the exchange rates assumptions below, representing an increase of about 7% to 9% excluding currency effects; non-IFRS operating margin of about 29% to 29.5%; and non-IFRS EPS of about €0.50, representing growth of about 11%;
• 2015 non-IFRS revenue growth objective of about 12% in constant currencies at €2.80 to €2.82 billion (based upon the 2015 currency exchange rate assumptions below);
• 2015 non-IFRS operating margin of about 30%, compared to 2014 where the non-IFRS operating margin was 29.8%;
• 2015 non-IFRS EPS of about €2.15, representing a growth objective of about 18%;
• Objectives are based upon exchange rate assumptions of US$1.15 per €1.00 and JPY135 per €1.00 for the 2015 third quarter and US$1.13 per €1.00 and JPY134.6 per €1.00 for the full year.

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 2015 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2015 currency exchange rates above: deferred revenue write-downs estimated at approximately €38 million, share-based compensation expense, estimated at approximately €18 million and amortization of acquired intangibles estimated at approximately €155 million. The above objectives do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses. Finally, these estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after July 23, 2015.

Today’s Webcast and Conference Call Information

Today, Thursday, July 23, 2015, Dassault Systèmes will first host a meeting in Paris, which will be simultaneously webcasted at 9:00 AM London time/10:00 AM Paris time and will then also host a conference call at 9:00 AM New York time/ 2:00 PM London time/3:00 PM Paris time. The webcasted meeting and conference call will be available via the Internet by accessing http://www.3ds.com/investors/. Please go to the website at least 15 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 1 year.

Additional investor information can be accessed at http://www.3ds.com/investors/ or by calling Dassault Systèmes’ Investor Relations at 33.1.61.62.69.24.

2015 Key Investor Relations Events

Third Quarter 2015 Earnings, October 22, 2015
Fourth Quarter 2015 Earnings, February 4, 2016

Forward-looking Information

Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Company’s non-IFRS financial performance objectives, are forward-looking statements.

Such forward-looking statements are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors. The Company’s current outlook for 2015 takes into consideration, among other things, an uncertain global economic environment. In light of the continuing uncertainties regarding economic, business, social and geopolitical conditions at the global level, the Company’s revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis. While the Company makes every effort to take into consideration this uncertain macroeconomic outlook, the Company’s business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of the Company’s products and services as described above, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results.