Dassault Systèmes’ Third Quarter Non-IFRS Software Revenue Up 8% with Non-IFRS New Licenses Revenue Growth of 12% in Constant Currencies

VÉLIZY-VILLACOUBLAY, France — (BUSINESS WIRE) — October 24, 2017 — Regulatory News:

Dassault Systèmes (Paris: DSY) (Euronext Paris: #13065, DSY.PA), announces IFRS unaudited financial results for the third quarter and nine months ended September 30, 2017. These results were reviewed by the Company’s Board of Directors on October 24, 2017. This press release also includes financial information on a non-IFRS basis with a reconciliation included in the Appendix to this communication.

Summary Third Quarter and Nine Months 2017 Highlights
(Unaudited; revenue in constant currencies)

  • Q3 New licenses and other software revenue up 12% at €175.2 million
  • Q3 software revenue up 8%, operating margin 32.0% and EPS €0.64, well aligned with guidance (all figures non-IFRS)
  • SOLIDWORKS non-IFRS software revenue up 16% in Q3 and 14% YTD
  • Cash flow from operations up 28% to €672 million YTD
  • SIMULIA extends advanced fluids analysis with Exa proposed acquisition
  • CATIA broadens its system engineering coverage with No Magic proposed acquisition
  • DS reconfirms 2017 new licenses revenue growth of 8-10% and recurring software growth of 6% in constant currencies; lowers EPS to €2.57-2.61 on five cent currency impact and total revenue growth to 6% (from 6 to 7% previously) in constant currencies on updated services outlook (all figures non-IFRS)

2017 Third Quarter and Nine Months Financial Summary

In millions of Euros, except per share data   IFRS
  Q3 2017   Change   Change in cc*   YTD 2017   Change   Change in cc*
Total Revenue   751.4   2%   6%   2,317.6   6%   6%
Software Revenue   669.1   3%   8%   2,057.8   7%   7%
Operating Margin   21.3%           19.4%        
EPS   €0.41   -7%       €1.22   3%    
In millions of Euros, except per share data   Non-IFRS
  Q3 2017   Change   Change in cc*   YTD 2017   Change   Change in cc*
Total Revenue   €752.9   2%   6%   €2,329.2   7%   7%
Software Revenue   670.6   4%   8%   2,069.4   7%   7%
Operating Margin   32.0%           29.4%        
EPS   €0.64   2%       €1.79   5%    

*In constant currencies

Bernard Charlès, Dassault Systèmes’ Vice Chairman and Chief Executive Officer commented, We were pleased to announce earlier this month that we signed with Scania an agreement for a long-term collaboration to implement the 3DEXPERIENCE Platform and expand the usage of our industry solution experiences to support their need for high levels of modularity and customer-specific configurations. In July we announced the Boeing decision for the 3DEXPERIENCE Platform across all their programs and the selection of our Manufacturing Operations Management solutions for production performance. We were also pleased with a number of other decisions. While sales timelines remain extended, and the progress we are making with the 3DEXPERIENCE Platform is not fully reflected in our financial performance, we are highly confident that momentum will continue to build.

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