In millions of Euros, except per share data and percentages | Three months ended March 31, | Change | |||||||||||||||
2011 |
Adjustment |
2011 | 2010 |
Adjustment |
2010 | IFRS |
Non-IFRS |
||||||||||
IFRS |
(1) |
non-IFRS | IFRS |
(1) |
non-IFRS |
(2) |
|||||||||||
Total Revenue | € 409.5 | 0.4 | € 409.9 | € 311.9 | 0.1 | € 312.0 | 31% | 31% | |||||||||
Total Revenue breakdown by activity | |||||||||||||||||
Software revenue | 372.2 | 0.4 | 372.6 | 279.7 | 0.1 | 279.8 | 33% | 33% | |||||||||
New Licenses | 99.0 | 76.1 | 30% | ||||||||||||||
Product Development | 0.3 | 0.0 | |||||||||||||||
Periodic Licenses and Maintenance | 272.9 | 0.4 | 273.3 | 203.6 | 0.1 | 203.7 | 34% | 34% | |||||||||
Recurring portion of Software revenue | 73% | 73% | 73% | 73% | |||||||||||||
Services and other revenue | 37.3 | 32.2 | 16% | ||||||||||||||
Total Software Revenue breakdown by product line | |||||||||||||||||
PLM software revenue | 288.1 | 0.4 | 288.5 | 208.8 | 0.1 | 208.9 | 38% | 38% | |||||||||
of which CATIA software revenue | 176.6 | 0.4 | 177.0 | 120.7 | 46% | 47% | |||||||||||
of which ENOVIA software revenue | 48.0 | 36.2 | 33% | ||||||||||||||
Mainstream 3D software revenue | 84.1 | 70.9 | 19% | ||||||||||||||
Total Revenue breakdown by geography | |||||||||||||||||
Americas | 112.7 | 0.1 | 112.8 | 91.7 | 0.1 | 91.8 | 23% | 23% | |||||||||
Europe | 186.8 | 140.9 | 33% | ||||||||||||||
Asia | 110.0 | 0.3 | 110.3 | 79.3 | 39% | 39% | |||||||||||
Total Operating Expenses | (€ 318.7) | 24.9 | (€ 293.8) | (€ 262.4) | 19.5 | (€ 242.9) | 21% | 21% | |||||||||
Stock-based compensation expense | (3.8) | 3.8 | - | (4.8) | 4.8 | - | - | - | |||||||||
Amortization of acquired intangibles | (21.3) | 21.3 | - | (9.7) | 9.7 | - | - | - | |||||||||
Other operating income and expense, net | 0.2 | (0.2) | - | (5.0) | 5.0 | - | - | - | |||||||||
Operating Income | € 90.8 | 25.3 | € 116.1 | € 49.5 | 19.6 | € 69.1 | 83% | 68% | |||||||||
Operating Margin | 22.2% | 28.3% | 15.9% | 22.1% | |||||||||||||
Financial revenue & other, net | 3.3 | (3.3) | 0.0 | 5.7 | 0.0 | 5.7 | (42%) | (100%) | |||||||||
Income tax expense | (30.2) | (7.1) | (37.3) | (17.4) | (6.1) | (23.5) | 74% | 59% | |||||||||
Net Income attributable to shareholders | € 63.8 | 14.9 | € 78.7 | € 37.8 | 13.5 | € 51.3 | 69% | 53% | |||||||||
Diluted Net Income Per Share (3) | € 0.51 | 0.12 | € 0.63 | € 0.32 | 0.11 | € 0.43 | 59% | 47% | |||||||||
Three months ended March 31, | |||||||||||||||||
In millions of Euros | 2011 IFRS | Adjustment | 2011 | 2010 IFRS | Adjustment | 2010 | |||||||||||
non-IFRS | non-IFRS | ||||||||||||||||
Cost of services and other revenue | (39.3) | 0.1 | (39.2) | (34.3) | 0.2 | (34.1) | |||||||||||
Research and development | (76.9) | 1.8 | (75.1) | (77.4) | 2.8 | (74.6) | |||||||||||
Marketing and sales | (131.5) | 1.0 | (130.5) | (92.1) | 0.9 | (91.2) | |||||||||||
General and administrative | (30.9) | 0.9 | (30.0) | (27.5) | 0.9 | (26.6) | |||||||||||
Total stock-based compensation expense | 3.8 | 4.8 |