VÉLIZY-VILLACOUBLAY, France — (BUSINESS WIRE) — April 20, 2016 — Regulatory News:
Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced IFRS unaudited financial results for the first quarter ended March 31, 2016. These results were reviewed by the Company’s Board of Directors on April 20, 2016.
Summary Highlights
(unaudited)
- Q1 non-IFRS total revenue of €693.5 million, DS guidance of €685-695 million
- Q1 non-IFRS EPS €0.51, includes 5 cents related to tax reserve reversal
- Q1 non-IFRS recurring revenue up 8% exfx, representing 74% of software revenue
- Q1 net operating cash flow of €309 million, up 17%
- 3DEXPERIENCE new licenses revenue up 33% exfx in the first quarter
- 2016 financial objectives reaffirmed
- Board of Directors proposes 9% increase in annual dividend for the 2015 fiscal year
2016 First Quarter Financial Highlights (unaudited) |
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In millions of Euros, except per share data | IFRS | Non-IFRS | ||||||||||
Change |
Change in cc* |
Change |
Change in cc* |
|||||||||
Q1 Total Revenue | 691.4 | 6% | 6% | 693.5 | 4% | 5% | ||||||
Q1 Operating Margin | 17.7% | 26.2% | ||||||||||
Q1 EPS | 0.35 | 30% | 0.51 | 19% |
*In constant currencies
“3DEXPERIENCE adoption continues to accelerate as companies see the power of the platform and the value of our solutions,” commented Bernard Charlès, Dassault Systèmes President and Chief Executive Officer.
“This quarter was very dynamic for 3DEXPERIENCE, with several customer wins demonstrating our 3DEXPERIENCE platform’s ability to manage complexity and diversity, a growing concern for our clients. This is a common factor in many verticals and was well illustrated by our wins at IPSEN, DCNS and ERICSSON, where our capability to integrate complex systems with one platform was a key differentiator.”
“In addition, ENOVIA combined with the 3DEXPERIENCE platform, demonstrated its ability to address our customers critical business requirements. As a result, ENOVIA grew nicely both in revenue and market footprint with key competitive wins.”
“Importantly, our research and development talents, representing over 40% of our people resources, are at the core of bringing our vision and strategy to market. Among this group is our long-standing 3DPLM joint venture, where we announced plans recently to fully integrate within Dassault Systèmes and we look forward to warmly welcoming them later this year.”
2016 First Quarter Financial Summary (unaudited) |
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In millions of Euros, except per share data | IFRS | Non-IFRS | ||||||||||
Change | Change in cc* | Change | Change in cc* | |||||||||
Q1 Total Revenue | 691.4 | 6% | 6% | 693.5 | 4% | 5% | ||||||
Q1 Software Revenue | 612.1 | 6% | 6% | 613.9 | 4% | 4% | ||||||
Q1 Service & other Revenue | 79.3 | 8% | 8% | 79.6 | 7% | 7% | ||||||
Q1 Operating Margin | 17.7% | 26.2% | ||||||||||
Q1 EPS | 0.35 | 30% | 0.51 | 19% | ||||||||
Revenue In millions of Euros | IFRS | Non-IFRS | ||||||||||
Q1 2016 | Q1 2015 | Change in cc* | Q1 2016 | Q1 2015 | Change in cc* | |||||||
Americas | 215.3 | 197.4 | 8% | 216.5 | 204.3 | 4% | ||||||
Europe | 292.3 | 282.5 | 6% | 292.8 | 287.0 | 4% | ||||||
Asia | 183.8 | 171.6 | 7% | 184.2 | 173.8 | 5% |