SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION
IFRS – NON-IFRS RECONCILIATION
(unaudited; in millions of Euros, except per share data)

Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2011 filed with the AMF on March 29, 2012. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS.

In millions of Euros, except per share data and percentages				Three months ended March 31,																								Change
				2012 IFRS				Adjustment (1)				2012 non-IFRS				2011 IFRS				Adjustment (1)				2011 non-IFRS				IFRS				Non-IFRS (2)
Total Revenue				€ 462.4												€ 409.5				0.4				€ 409.9				13%				13%
Total Revenue breakdown by activity
Software revenue				419.9												372.2				0.4				372.6				13%				13%
New Licenses				120.3												99.0												22%
Product Development				2.0												0.3
Periodic Licenses and Maintenance				297.6												272.9				0.4				273.3				9%				9%
Recurring portion of Software revenue				71%												73%								73%
Services and other revenue				42.5												37.3												14%
Total Software Revenue breakdown by product line
PLM software revenue				321.5												288.1				0.4				288.5				12%				11%
of which CATIA software revenue				189.9												176.6				0.4				177.0				8%				7%
of which ENOVIA software revenue				58.1												48.0												21%
SolidWorks software revenue				98.4												84.1												17%
Total Revenue breakdown by geography
Americas				126.4												112.7				0.1				112.8				12%				12%
Europe				204.1												186.8												9%
Asia				131.9												110.0				0.3				110.3				20%				20%
Total Operating Expenses				(€ 356.3)				29.2				(€ 327.1)				(€ 318.7)				24.9				(€ 293.8)				12%				11%
Stock-based compensation expense				(5.5)				5.5				-				(3.8)				3.8				-				-				-
Amortization of acquired intangibles				(21.5)				21.5				-				(21.3)				21.3				-				-				-
Other operating income and expense, net				(2.2)				2.2				-				0.2				(0.2)				-				-				-
Operating Income				€ 106.1				29.2				€ 135.3				€ 90.8				25.3				€ 116.1				17%				17%
Operating Margin				22.9%								29.3%				22.2%								28.3%
Financial revenue & other, net				4.3				(2.6)				1.7				3.3				(3.3)				0.0				30%				N/A
Income tax expense				(37.2)				(9.8)				(47.0)				(30.2)				(7.1)				(37.3)				23%				26%
Non-controlling interest				(1.1)				0.0				(1.1)				(0.1)				0.0				(0.1)				1000%				1000%
Net Income attributable to shareholders				€ 72.1				16.8				€ 88.9				€ 63.8				14.9				€ 78.7				13%				13%
Diluted Net Income Per Share (3)				€ 0.58				0.13				€ 0.71				€ 0.51				0.12				€ 0.63				14%				13%

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »