Product category:
CAD solid modelling software
News Release from: Dassault Systemes
Edited by the Manufacturingtalk Editorial
Team on 13 February 2006
Record earnings for Dassault Systemes
Dassault Systemes reports record revenue and earnings in 2005 on revenue growth of 27% in the Fourth Quarter
Dassault Systemes (DS), a world leader in 3D and Product Lifecycle Management (PLM) solutions, reported financial results for both the fourth quarter and full year ended December 31, 2005 Fourth Quarter and Full Year Highlights:
This article was originally published on Manufacturingtalk on 2 Aug 2006 at 8.00am (UK)
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* Strong Growth Across Software and Services and Core Margin Improvement Drove Fourth Quarter and Full Year Financial Performance.
* 2005 Total Revenue up 17% on GAAP and up 18% on Non-GAAP Basis.
* 2005 EPS Up 10% on GAAP and Up 17% on Non-GAAP Basis.
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* DS Extends PLM Market Leadership With Further Market Share Gain of 1 Percentage Point in 2005; DS Adds 8 Percentage Points Over 2001-2005 Period.
* DS Reconfirms 2006 Financial Objectives.
Bernard Charles, Dassault Systemes' President and Chief Executive Officer, commented, "Dassault Systemes had a great finish to a very successful year.
During 2005 revenues increased 18% and earnings rose 17%.
These achievements reflect the powerful combination of significant V5 PLM implementations, the competitive advantages of our brands and the strong performance of our alliance with IBM, our partners and our investments.
"Our largest brand Catia, for design excellence, had a good year.
Our PDM solutions, with Enovia for collaborative lifecycle management and Smarteam for TeamPDM, delivered 20% revenue growth and added more than 1,000 new customers.
Delmia, for production performance, had strong revenue growth as it also broadened its customer base.
And our newest brand, SIMULIA, for virtual simulation, had a remarkable start.
SolidWorks, addressing the Mainstream 3D market, continued to demonstrate the strength of its offerings, delivering 25% revenue growth.
The SolidWorks community continued its expansion, approaching the half million users' milestone at the end of 2005.
"2005 was a year where we significantly expanded our addressable markets through technological innovation and complementary acquisitions.
We acquired ABAQUS as the core of our realistic simulation offerings.
In "3D for All" we are seeing traction from the Virtools acquisition and from our 3D XML technology.
Moreover, we were pleased to receive AMR Research's innovation award for our "3D for All" strategy and product roll-outs.
"At the heart of our vision is our belief in the power, enormous potential and pervasive applicability of 3D technology to enhance communication, businesses and the environment at large." Dassault Systemes completed the acquisition of ABAQUS in October, 2005 and has accounted for the acquisition pursuant to US GAAP purchase accounting rules.
Certain supplementary information is provided in this press release which are not in conformity with GAAP, including: (i) Non-GAAP total revenue, Non-GAAP software revenue and Non-GAAP PLM (process-centric) revenue, which differ from such GAAP figures due to the exclusion of EURO9.1 million of deferred revenue write-downs for the fourth quarter and full year; and (ii) Non-GAAP operating income, Non-GAAP operating margin and Non-GAAP EPS, which exclude acquisition costs totaling EURO8.7 million for the fourth quarter and EURO9.8 million for the full year and the impacts of the deferred revenue write-downs of EURO9.1 million for both the fourth quarter and full year.
See tables for a reconciliation of 2005 and 2004 fourth quarter and full year GAAP and non-GAAP financial data.
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