DS Reports 2008 Third Quarter Financial Results Well in Line With its Objectives (Revenue up 12%)

Cash flow and other financial highlights

Net operating cash flow in the 2008 third quarter increased to 67.5 million compared to 62.9 million in the year-ago quarter. Cash and short-term investments totaled 829.6 million and long-term debt totaled 200.8 million at September 30, 2008.

Nine Months 2008 Summary Financial Highlights

  • YTD 2008 GAAP software revenue up 15% and GAAP total revenue up 12%, both in constant currencies; YTD 2008 GAAP EPS up 25% to 1.06
  • YTD 2008 non-GAAP software revenue up 14% and non-GAAP total revenue up 11%, both in constant currencies; YTD 2008 non-GAAP EPS up 13% to 1.36
  • YTD 2008 net operating cash flow up 9% to 261.6 million

Nine Months 2008 Financial Summary

(unaudited)

In millions of Euros, except per share data U.S. GAAP Non-GAAP
Growth Growth in cc* Growth Growth in cc*
YTD Total Revenue 951.9 6% 12% 953.8 5% 11%
YTD Software Revenue 823.6 9% 15% 825.5 8% 14%
YTD EPS 1.06 25% 1.36 13%
YTD Operating Margin 17.9% 23.9%

* In constant currencies.

Key Business and Corporate Highlights

In a separate press release issued today, DS announced that Procter & Gamble Company (P&G), the worlds largest consumer goods company, has chosen to implement DSs ENOVIA solution as its enterprise-wide PLM backbone. P&G will leverage Dassault Systèmes portfolio to create a global platform to support product development. P&G also uses 3DVIA, SIMULIA, DELMIA and SolidWorks solutions from Dassault Systèmes.

In September, DS held its ENOVIA Customer Conference for the Asia Pacific region in Tokyo, Japan with more than 500 of the regions leading executives attending. Featured customers included Toshiba in E&E Nikon in semiconductor; Larsen & Toubro in Power, Process & Petroleum/Shipbuilding and Pacific Brands in apparel.

DS SolidWorks introduced SolidWorks® 2009 which delivers dramatic speed increase plus more than 260 customer-driven enhancements. This new software release offers significant performance improvements, continues to focus on ease of use and is designed to extend the gap between SolidWorks software and other software products in the 3D Mainstream market. Among other enhancements, SolidWorks 2009 includes: SpeedPak, a new approach to large assembly handling that dramatically reduces the amount of computer memory needed, while maintaining full graphic detail and associativity; and, Simulation Advisor, which helps users analyze their designs for hidden flaws, guiding them through every stage of the simulation.

DS SolidWorks also announced SolidWorks Enterprise PDM 2009. The new version of the product data management solution introduces deeper integration with SolidWorks® 3D CAD software, expanded bill of material (BOM) functionality, and Item-Centric product data management.

DS announced the availability of its PLM portfolio, Version 5 Release 19, for its CATIA, DELMIA, SIMULIA, ENOVIA and 3DVIA brands. V5R19 enhancements are focused on expanding PLM deeper into production cycles, accelerating PLM adoption for mid-size companies, broadening IP lifecycle management and further integrating PLM within the enterprise ecosystem.

DS introduced Isight for Abaqus, a new product from SIMULIA that leverages technology from recently acquired Engineous Software. Isight for Abaqus is an add-on product for Abaqus FEA software that provides design exploration and optimization technology, enabling designers and engineers using Abaqus to perform rapid trade-off studies of real-world behavior and accelerate product development.

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