| In millions of Euros, except per share data | IFRS | Non-IFRS | |||||||||||
| Change | Change in cc* | Change | Change in cc* | ||||||||||
| FY 2013 Total Revenue | 2,066.1 | 2% | 5% | 2,072.8 | 2% | 5% | |||||||
| FY 2013 Software Revenue | 1,880.8 | 2% | 6% | 1,887.5 | 2% | 5% | |||||||
| FY 2013 Services and other revenue | 185.3 | 0% | 4% | 185.3 | 0% | 4% | |||||||
| FY 2013 Operating Margin | 24.3% | 31.5% | |||||||||||
| FY 2013 EPS | 2.76 | 4% | 3.49 | 4% | |||||||||
|
*In constant currencies. |
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| In millions of Euros | IFRS | Non-IFRS | |||||||||||
| FY 2013 | FY 2012 | Change in cc* | FY 2013 | FY 2012 | Change in cc* | ||||||||
| Americas | 567.2 | 564.3 | 4% | 569.6 | 567.3 | 4% | |||||||
| Europe | 937.8 | 908.9 | 4% | 940.2 | 910.9 | 4% | |||||||
| Asia | 561.1 | 555.1 | 9% | 563.0 | 560.3 | 8% | |||||||
- Total revenue grew 5% (IFRS and non-IFRS), with software revenue growth of 6% (IFRS) and 5% (non-IFRS) and services and other revenue growth of 4%. Financial results include the acquisitions of Gemcom (part of GEOVIA) commencing in July 2012 and Apriso (part of DELMIA) in July 2013, as well as the divestitures of Transcat PLM GmbH (included in software and services revenue) as of July 1, 2012 and Inceptra as of October 1, 2013. Excluding the impact of these acquisitions and divestitures, non-IFRS revenue and non-IFRS software revenue growth would have been an estimated 3% and 4%, respectively. (All growth comparisons are in constant currencies).
- On a regional basis and in constant currencies, all three regions saw an increase in revenues. Results were strongest in Asia with revenue higher by 9% (IFRS) and 8% (non-IFRS). The Americas reported revenue growth of 4% (IFRS and non-IFRS) with an increase in software revenue offset in part by lower services and other revenue. Europe total revenue increased 4% (IFRS and non-IFRS).
- High-growth countries posted an increase in total revenues of 13% and represented 12.4% of total revenues in 2013, compared to 11.6% in 2012. The Company saw double-digit revenue increases in most high growth countries, with India posting the strongest growth. (All figures in constant currencies.)
- Software revenue increased 5% (IFRS and non-IFRS) with recurring software revenue higher by 8% (IFRS and non-IFRS) on broad-based growth across the Company’s software applications. New licenses revenue decreased 2% reflecting a softer macro backdrop generally in 2013 compared to 2012. (All growth rates in constant currencies.)
- IFRS operating income totaled €503.0 million. On a non-IFRS basis, operating income increased 1.3% to €652.8 million on higher revenue and operating expense growth limited to 1.9%. The non-IFRS operating margin was stable at 31.5% thanks to organic growth, which enabled the Company to absorb the negative impact of currency headwinds, in particular from the Japanese yen, and of dilution from acquisitions.
- Net income per diluted share increased 4% to €2.76 (IFRS) and €3.49 (non-IFRS). Growth in IFRS and non-IFRS earnings per share reflected higher operating income and a lower effective tax rate.
