IBM PLM operations acquired by Dassault Systèmes have been merged into the Company’s operations within its PLM business segment since April 1, 2010. As previously disclosed, the IBM PLM share of Dassault Systèmes software revenue was estimated at approximately €50 million for the 2010 first quarter.
| In millions of Euros, except per share data | IFRS | Non-IFRS | |||||||||||
| Change | Change in cc* | Change | Change in cc* | ||||||||||
| YTD 2011 Total Revenue | 1,270.9 | 15% | 18% | 1,271.4 | 14% | 17% | |||||||
| YTD 2011 Software Revenue | 1,154.8 | 16% | 19% | 1,155.3 | 15% | 17% | |||||||
| YTD 2011 EPS | 1.65 | 40% | 2.05 | 23% | |||||||||
| YTD 2011 Operating Margin | 23.0% | 29.5% | |||||||||||
|
*In constant currencies. |
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| In millions of Euros | IFRS | Non-IFRS | |||||||||||
| YTD 2011 | YTD 2010 | Change in cc* | YTD 2011 | YTD 2010 | Change in cc* | ||||||||
| Total Revenue | 1,270.9 | 1,101.1 | 18% | 1,271.4 | 1,112.7 | 17% | |||||||
| Software Revenue | 1,154.8 | 992.8 | 19% | 1,155.3 | 1,004.4 | 17% | |||||||
| Services and other Revenue | 116.1 | 108.3 | 9% | 116.1 | 108.3 | 9% | |||||||
| PLM software Revenue | 904.9 | 764.1 | 21% | 905.4 | 775.7 | 19% | |||||||
| Mainstream 3D software Revenue | 249.9 | 228.7 | 13% | 249.9 | 228.7 | 13% | |||||||
| Americas | 353.1 | 324.2 | 17% | 353.2 | 327.7 | 15% | |||||||
| Europe | 575.8 | 487.6 | 18% | 575.9 | 490.5 | 18% | |||||||
| Asia | 342.0 | 289.3 | 19% | 342.3 | 294.5 | 17% | |||||||
|
*In constant currencies. |
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- IFRS total revenue increased 18% and non-IFRS total revenue increased 17% primarily driven by software revenue growth of 19% (IFRS) and 17% (non-IFRS), respectively, and by services and other revenue growth of 9%. (All figures in constant currencies.)
- By region, revenue growth was well balanced across Europe, the Americas and Asia.
- IFRS and non-IFRS Software revenue growth reflected new licenses revenue growth of 22% in constant currencies and double-digit growth in recurring software revenue.
- Specifically, recurring software revenue increased 17% (IFRS) and 15% (non-IFRS) in constant currencies benefiting from growth in maintenance from new licensing activity, high renewal rates and the IBM PLM acquisition and growth in rental licensing.
- IFRS PLM software revenue increased 21%. Non-IFRS PLM software revenue increased 19% with CATIA, ENOVIA and Other PLM all growing by 19%. (All figures in constant currencies.)
- SolidWorks software revenue increased 13%. New SolidWorks commercial seats licensed during the first nine months of 2011 increased 18% to 35,769 seats. (All growth figures in constant currencies.)
- Net income per diluted share increased 39.8% to €1.65 (IFRS) and 22.8% to €2.05 (non-IFRS) per share. IFRS operating income increased 48.1% to €292.2 million and the operating margin improved to 23.0%. On a non-IFRS basis, operating income increased 27.8% to €374.7 million and the non-IFRS operating margin expanded 320 basis points to 29.5%. The strong increase in earnings per share on both an IFRS and non-IFRS basis was driven by revenue growth and operating margin expansion offset in part by higher income tax expense for the 2011 nine-month period.
