Dassault Systèmes Delivers Broad-based Growth in First Quarter with 3DEXPERIENCE Software Revenue Up Strongly

VÉLIZY-VILLACOUBLAY, France — (BUSINESS WIRE) — April 24, 2018Dassault Systèmes (Euronext Paris: #13065, DSY.PA), announces IFRS unaudited financial results for the first quarter ended March 31, 2018. These results were reviewed by the Company’s Board of Directors on April 24, 2018. The Company has adopted IFRS 15 as of January 1, 2018. This press release includes 2018 first quarter results under IFRS 15 as well as under the prior IAS 18 standard and includes a summary explanation of the major differences for the Company. In addition, this press release also includes financial information on a non-IFRS basis (both IFRS 15 and IAS 18) with reconciliations included in the Appendix to this communication.

Summary First Quarter 2018 Highlights and Financial Summary

(Unaudited, with references to IAS 18 financial information)

  • First Quarter results well aligned with Dassault Systèmes’ financial objectives
  • Licenses and other software up 14% organically at constant currency (IAS 18)
  • 3DEXPERIENCE software revenue up 26% at constant currency (IAS 18)
  • Broad-based growth in a majority of industries and geographies
  • 3DEXPERIENCE cloud activity up significantly
  • Strong Cash flow from operations, up 17% to €407 million (IAS 18)
  • DS confirms 2018 FY IAS 18 financial objectives: Non-IFRS revenue growth of 8% to 9% at constant currency, non-IFRS EPS up 6% to 8% or at constant currency about 11% to 13%
  • Board of Directors proposes 9% increase in annual dividend for the 2017 fiscal year
In millions of Euros, except per share data   IFRS
    IFRS15 Basis Q118   Difference   IAS 18 Basis Q118   IAS 18 Basis Q117   IAS 18 Change   IAS 18Change in cc*
Total Revenue   818,7   (49,4)   769,3   759,8   1%   10%
Software Revenue   735,1   (49,4)   685,7   670,2   2%   11%
Services Revenue   83,5   0,0   83,5   89,6   -7%   0%
Operating Margin   21,8%   -5,0pts   16,8%   15,7%        
EPS   0,53   (0,14)   0,39   0,33   18%   33%
                         
In millions of Euros, except per share data Non-IFRS
    IFRS15 Basis Q118   Difference   IAS 18 Basis Q118   IAS 18 Basis Q117   IAS 18 Change   IAS 18Change in cc*
Total Revenue   820,6   (49,4)   771,2   765,7   1%   9%
Software Revenue   737,0   (49,4)   687,6   676,1   2%   10%
Services Revenue   83,5   0,0   83,5   89,6   -7%   0%
Operating Margin   31,4%   -4,4pts   27,0%   26,2%        
EPS   0,72   (0,13)   0,59   0,53   11%   26%

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