Bernard Charlès, Dassault Systèmes President and Chief Executive Officer, commented, “Revenue and earnings came in ahead of our first quarter financial objectives. All regions were important drivers of our growth, including Asia. CATIA’s performance and record quarterly revenues at SolidWorks illustrate the progressive strengthening of the SMB market since the initial signs of recovery in mid-2010.
“The first quarter was also a time of extraordinary efforts by our Japanese employees and sales partners who quickly resumed operations in order to provide support and assistance to our customers in a number of areas. I would like to publicly thank them.
“Key to our performance and market leadership is a continuous focus on leveraging the talents of our executives and regularly evolving management responsibilities, consistent with the dynamic of our market. In this regard, we recently made some brand and channel responsibilities changes to further support our market expansion objectives.
“Finally, leading companies continue to adopt our Version 6, PLM 2 offerings. Two of the world’s foremost automotive companies are moving forward with Version 6 initiatives. In February we outlined BMW’s decision to use V6 as its new platform for Embedded Systems architecture, integration and design. In March, I was very pleased to join Jaguar Land Rover’s CEO Dr. Ralf Speth in announcing a new strategic partnership between our two companies. And most recently, CLAAS, a global leader in agricultural engineering, selected V6 – including CATIA, ENOVIA, DELMIA and SIMULIA.”
Dassault Systèmes completed the acquisition of the IBM PLM operations on March 31, 2010 and these operations were merged into the Company’s operations within its PLM business segment commencing April 1, 2010. Due to the deep integration of former IBM PLM employees into the Company’s operations, involving many changes in sales territories and responsibilities, it is not possible to isolate the IBM PLM revenue and profit since the acquisition date. As previously disclosed, the IBM PLM share of Dassault Systèmes software revenue was estimated at approximately €50 million for the 2010 first quarter.
First Quarter 2011 Financial Review |
(unaudited) |
In millions of Euros | IFRS | Non-IFRS | |||||||||||
Q1 2011 | Q1 2010 | Change in cc* | Q1 2011 | Q1 2010 | Change in cc* | ||||||||
Total Revenue | 409.5 | 311.9 | 29% | 409.9 | 312.0 | 29% | |||||||
Software Revenue | 372.2 | 279.7 | 31% | 372.6 | 279.8 | 31% | |||||||
Services and other Revenue | 37.3 | 32.2 | 14% | 37.3 | 32.2 | 14% | |||||||
PLM software Revenue | 288.1 | 208.8 | 35% | 288.5 | 208.9 | 36% | |||||||
Mainstream 3D software Revenue | 84.1 | 70.9 | 16% | 84.1 | 70.9 | 16% | |||||||
Americas | 112.7 | 91.7 | 22% | 112.8 | 91.8 | 22% | |||||||
Europe | 186.8 | 140.9 | 32% | 186.8 | 140.9 | 32% | |||||||
Asia | 110.0 | 79.3 | 31% | 110.3 | 79.3 | 32% |