DS Reports First Quarter 2009 Financial Results In Line With Preliminary Announcement

*In constant currencies.

  • IFRS and non-IFRS total revenue increased 1% on a reported basis. In constant currencies, IFRS and non-IFRS total revenue decreased 6%.
  • IFRS and non-IFRS software revenue increased 1% on a reported basis. In constant currencies, IFRS software revenue decreased 5%. Non-IFRS software revenue also decreased 5% due to a decrease in new licenses revenue of 40% which more than offset non-IFRS recurring software revenue growth of 15% (all figures are in constant currencies).
  • Both PLM and Mainstream 3D software results reflected the impact of the current global economic downturn with lower new licenses revenue offsetting growth in recurring software revenue. IFRS PLM software revenue decreased 7% in constant currencies. Non-IFRS PLM software revenue decreased 6% with CATIA software revenue lower by 11% and ENOVIA software revenue lower by 18% offset in part by double-digits software revenue growth from SIMULIA (all figures in constant currencies). Mainstream 3D IFRS and non-IFRS software revenue decreased 2% in constant currencies.
  • Services and other revenue decreased 7% in constant currencies, in part reflecting the DSF divestiture during 2008 offset to some extent by growth in consulting during the first quarter.
  • IFRS operating margin was 13.0%. In the year-ago quarter, the IFRS operating margin of 23.5% benefited from a one-time gain on sale of real estate. Non-IFRS operating margin decreased to 19.4% compared to 22.8% in the year-ago quarter reflecting the downturn in the economy, but was in line with the Company’s objective on good execution of its cost savings program.
  • Financial revenue and other, net, totaled €0.3 million compared to €0.2 million in the 2008 first quarter.
  • IFRS earnings per diluted share decreased 50% to €0.24. Non-IFRS earnings per diluted share were in line with the Company’s objective, decreasing 10% to €0.37 primarily reflecting a decrease in non-IFRS operating income of 14%.

Cash Flow and Other Financial Highlights

IFRS net operating cash flow was €96 million for the first quarter ended March 31, 2009.

At March 31, 2009, cash and cash equivalents totaled €902.6 million and long-term debt was €200.3 million.

Annual Shareholders’ Meeting Date and Cash Dividend Recommendation

The Annual Shareholders’ Meeting has been scheduled for June 9, 2009. The Board of Directors has recommended an annual cash dividend equivalent to €0.46 per share, representing about €55 million in the aggregate, for the fiscal year ended December 31, 2008, stable with last year’s dividend per share. The dividend is subject to approval by shareholders at the Annual Shareholders’ Meeting.

Key Business and Corporate Highlights

Guess, Inc. Expands Deployment of Dassault Systemes’ PLM Solutions to Manage Its Global Sourcing Operation. Jointly developed with Zymmetry Group – the leading manufacturing and sourcing solutions provider focusing on the apparel industry – the ENOVIA solution integrates sourcing within the design and development process, allowing companies such as Guess, Inc. to seamlessly manage collaboration with production offices and retailers. The ENOVIA solution supports costing and pre-production processes, and offers visibility and process control for brand and retail global operations.

Trent Ltd. Selects Dassault Systemes PLM for Fast Fashion. Trent Ltd., a Tata Group company and operator of Trent Westside, one of India’s largest and fastest growing retailers, will deploy the ENOVIA Apparel Accelerator™ for Design & Development. The ENOVIA Accelerator, which will take just nine weeks to implement, will integrate with their existing ERP systems to provide Trent Ltd. with greater visibility into the new product development process. This approach will enable the company to reduce sample development time and increase seasonal options by leveraging the market knowledge and design capabilities of key suppliers while also tracking commodity prices to negotiate better costs with them.

Great Wall Motor Selects Dassault Systemes’ PLM Solutions for Eco-Design. Great Wall Motor Company Limited (GWM), the largest commercial pickup and SUV manufacturer in China, has chosen Dassault Systemes’ ENOVIA Materials Compliance Central™ to establish an enterprise-wide compliance platform to promote eco-design. The solution, which is being deployed in partnership with D&A Technology (Shanghai) Co. Ltd., a Dassault Systemes’ partner in China, will significantly improve GWM’s competitiveness in a new era where environmental compliance is a basic requirement and a key strategy in GWM successfully expanding its global presence.

Based on the ENOVIA V6 platform, ENOVIA Materials Compliance Central is a business-process application, designed to empower companies to adopt proactive environmental compliance strategies throughout a product’s lifecycle, from design to disposal.

Procter & Gamble Selects Dassault Systemes as Enterprise Simulation Partner. Procter & Gamble Company (P&G), the world’s largest consumer goods company, has selected SIMULIA SLM as their simulation lifecycle management solution to support P&G’s modeling & simulation strategy. Based on Dassault Systemes’ V6 platform, the online collaborative environment for PLM 2.0, SIMULIA SLM enables P&G to capture, share and automate the execution of approved simulation methods, improve traceability of simulation data, and accelerate decision-making while securing valuable intellectual property.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »

Review Article Be the first to review this article


Featured Video
GIS ANALYST for Cobb County Government at Marietta, California
Senior Account Manager, Utilities for RAMTeCH Software Solutions, Inc. at Stillwater, Minnesota
GIS Engineer III for Nebraska State Government at Lincoln|, Nebraska
Vice President, GIS Business Unit for RAMTeCH Software Solutions, Inc. at Stillwater, Minnesota
Associate Packaging Engineer for Unilever at Englewood Cliffs, New Jersey
BIM / REVIT Senior Structural Modeler for McNamara Salvia at New York, California
Upcoming Events
Esri Malaysia User Conference 2018 at Kuala Lumpur Convention Centre Kuala Lumpur Malaysia - Oct 25, 2018
Milipol Qatar 2018 at Doha Qatar - Oct 29 - 31, 2018
GeoAlberta 2018 at The Westin Downtown Edmonton Edmonton Canada - Oct 29 - 31, 2018
GEO Week 2018 at Kyoto International Conference Center (ICC Kyoto) Kyoto Japan - Oct 29 - 2, 2018
Teledyne Optech

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise