Dassault Reports 2008 Q2 Software Revenue Growth

(2) The non-GAAP percentage increase (decrease) compares non-GAAP measures for the two different periods. In the event there is a non-GAAP adjustment to the relevant measure for only one of the periods under comparison, the non-GAAP increase (decrease) compares the non-GAAP measure to the relevant GAAP measure.

(3) Based on a weighted average 118.9 million diluted shares for Q2 2008 and 119.3 million diluted shares for Q2 2007.

DASSAULT SYSTEMES

SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION

U.S. GAAP NON-GAAP RECONCILIATION

(in millions of Euro, except per share data, unaudited)

Readers are cautioned that the supplemental non-GAAP 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 U.S. GAAP measurements. Also, our supplemental non-GAAP financial information may not be comparable to similarly titled non-GAAP measures used by other companies. Further specific limitations for individual non-GAAP measures, and the reasons for presenting non-GAAP financial information, are set forth in todays press release with respect to other operating income and expense, net and in the Companys annual report for the year ended December 31, 2007 on Form 20-F filed with the SEC on April 4, 2008 for the other non-GAAP financial measures. To compensate for these limitations, the supplemental non-GAAP financial information should be read not in isolation, but only in conjunction with our consolidated financial statements prepared in accordance with U.S. GAAP.

In millions of Euros, except per share data and percentages Six months ended June 30, Variation
2008 Adjustment (1) 2008 2007 Adjustment (1) 2007 U.S. GAAP Non-GAAP (2)
U.S. GAAP non-GAAP U.S. GAAP non-GAAP
Total Revenue 633.6 0.5 634.1 596.6 6.9 603.5 6% 5%
Total Revenue breakdown by activity
Software revenue 547.1 0.5 547.6 499.1 6.9 506.0 10% 8%
New Licenses 201.9 192.0 5%
Product Development 0.1 2.6 --
Periodic Licenses and Maintenance 345.1 0.5 345.6 304.5 6.9 311.4 13% 11%
Recurring portion of Software revenue 63% 63% 61% 62%
Services and other revenue 86.5 97.5 (11%)
Total Software Revenue breakdown by segment
PLM software revenue 413.5 0.5 414.0 375.8 4.5 380.3 10% 9%
of which CATIA software revenue 249.0 0.3 249.3 217.2 0.2 217.4 15% 15%
of which ENOVIA software revenue 81.4 0.2 81.6 78.9 4.3 83.2 3% (2%)
Mainstream 3D software revenue 133.6 123.3 2.4 125.7 8% 6%
Total Revenue breakdown by geography
Americas 189.8 0.2 190.0 189.7 3.4 193.1 0% (2%)
Europe 295.8 0.2 296.0 263.6 2.6 266.2 12% 11%
Asia 148.0 0.1 148.1 143.3 0.9 144.2 3% 3%
Total Operating Expenses 515.9 (33.8) 482.1 495.7 (29.5) 466.2 4% 3%
Stock-based compensation expense 9.8 (9.8) - 7.7 (7.7) - -- --
Amortization of acquired intangibles 21.5 (21.5) - 21.8 (21.8) - -- --
Other operating income and expense, net 2.5 (2.5) - 0.0 -- --
Operating Income 117.7 34.3 152.0 100.9 36.4 137.3 17% 11%
Operating Margin 18.6% 24.0% 16.9% 22.8%
Income before Income Taxes 117.9 34.3 152.2 107.2 36.4 143.6 10% 6%
Income tax expense (34.7) (13.7) (48.4) (36.3) (10.9) (47.2) -- --
Income tax effect of adjustments above 13.7 (13.7) - 10.9 (10.9) - -- --
Minority interest (0.1) (0.1) --
Net Income 83.1 20.6 103.7 70.8 25.5 96.3 17% 8%
Diluted Net Income Per Share (3) 0.70 0.17 0.87 0.59 0.22 0.81 19% 7%

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