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Dassault Systèmes Reports Q2 2013 Earnings Ahead of Guidance, Reaffirms New Licenses Acceleration and Upgrades FY EPS

  Dassault Systèmes Reports Q2 2013 Earnings Ahead of Guidance, Reaffirms New
  Licenses Acceleration and Upgrades FY EPS Objective

Business Wire

PARIS -- July 25, 2013

Regulatory News:

Dassault Systèmes (Euronext Paris: #13065, DSY.PA)(Paris:DSY), the
3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up
and Product Lifecycle Management (PLM) solutions, today reports IFRS unaudited
financial results for the second quarter and first half ended June 30, 2013.
These results were reviewed by the Company’s Board of Directors on July 24,
2013.

                              Summary Highlights

                                 (unaudited)

  *Q2 new licenses revenue up 4% in constant currencies
  *Non-IFRS EPS up 9% for Q2 and 10% for H1, to €0.83 and €1.61, respectively
  *First half cash flow from operations of €353 million
  *DELMIA becomes a leader in manufacturing operations management with Apriso
    acquisition
  *Unveiling V6 R2014, with IFWE Compass new Business User Experience and
    Private / Public Cloud integration

                    2013 Second Quarter Financial Summary

                                 (unaudited)


In
millions     IFRS                               Non-IFRS
of Euros,
except                                   Change                                Change
per share            Change    in cc*            Change    in cc*
data
Q2 Total     522.0    4%        6%        521.9    4%        6%
Revenue
Q2
Software     474.5    4%        6%        474.4    4%        6%
Revenue
Q2 EPS       0.64     (4%)               0.83     9%        
Q2
Operating    23.0%                      30.0%             
Margin
^*In constant currencies.

“We continue to deliver on our financial objectives thanks to increasing
demand for our industry solutions experience and applications, despite the
weak macro environment. Simultaneously, we are making significant advances to
realize our 3DEXPERIENCE strategy,” commented Bernard Charlès, Dassault
Systèmes President and Chief Executive Officer.

“We indicated in February that 2013 would be a year with an ambitious R&D
delivery plan as we move rapidly to position ourselves on the broader
3DEXPERIENCE market. This morning we are unveiling V6 R2014, which is offering
a business 3DEXPERIENCE platform, built on our V6 architecture, available on
private or public Clouds, and embedding key technologies such as automatic
dash-boarding and leveraging of Big Data. The 3DEXPERIENCE platform introduces
a ground-breaking inclusive user interface which we have named the IFWE
Compass, which will power not only all our applications, but also many3rd
party applications of all kinds. We believe it will represent a major industry
milestone and look forward to working with select customers in advance of the
general release V6 R2014X.

“On top of this, we are accelerating our strategy execution with acquisitions.
Apriso, which has become part of the DELMIA application portfolio, following
its acquisition in early July, is a perfect illustration of it. With this
acquisition, we have become a major player of the Manufacturing Operations
Management (MOM) market in 10 of the 12 industries we target, providing
digital assets continuity for the run of manufacturing operations.”

                    2013 Second Quarter Financial Summary

                                 (unaudited)

                                              
In            IFRS                              Non-IFRS
millions      Q2       Q2       Change    Q2       Q2       Change
of Euros         2013        2012        in cc*       2013        2012        in cc*
Total         522.0    502.9    6%        521.9    502.9    6%
Revenue
Software      474.5    457.8    6%        474.4    457.8    6%
Revenue
Services
and other     47.5     45.1     9%        47.5     45.1     9%
Revenue
                                                      
PLM
software      369.6    356.3    6%        369.5    356.3    6%
Revenue
SOLIDWORKS
software      104.9    101.5    6%        104.9    101.5    6%
Revenue
                                                      
Americas      145.4    139.2    6%        145.3    139.2    6%
Europe        231.1    228.2    2%        231.1    228.2    2%
Asia          145.5    135.5    13%       145.5    135.5    13%
^*In constant currencies.

  *Total revenue (IFRS and non-IFRS) increased 6% on growth in both software
    revenue and services and other revenue. Similarly, software revenue
    increased 6% (IFRS and non-IFRS) and represented 91% of total revenue.
    Services and other revenue increased 9% on growth in new V6 engagements.
    (All growth comparisons are in constant currencies.)
  *In Asia, total revenue (IFRS and non-IFRS) was higher by 13% on strong
    growth in software across a number of countries led by China and Korea.
    The Americas reported total revenue (IFRS and non-IFRS) growth of 6%
    driven by software revenue growth of 8%. In Europe, total revenue (IFRS
    and non-IFRS) increased 2%, reflecting the softer environment as well as a
    high comparison base to the 2012 second quarter where total revenue grew
    19% in Europe. The Company noted that its three largest regions within
    Europe reported year-over-year software revenue growth in the 2013 second
    quarter. (All growth figures in constant currencies.)
  *New licenses revenue, as anticipated, was positive increasing year over
    year by 4% in constant currencies. Growth in new licenses revenue was led
    by Asia, with notable performances in China and Japan.
  *Recurring software revenue (IFRS and non-IFRS) increased 6% in constant
    currencies on growth in maintenance and rental revenue and reflected a
    return to normal seasonality for maintenance renewals for the first half
    of the year. The 2012 second quarter benefited from maintenance renewals
    activity due in the 2012 first quarter but whose purchase orders were
    processed in the second quarter.
  *PLM software revenue increased 6% (IFRS and non-IFRS). PLM software
    revenue growth reflected the soft environment with CATIA and ENOVIA stable
    compared to the year-ago period. Other PLM increased 24%, driven by the
    addition of GEOVIA, sharply higher results for DELMIA and continued
    strength for SIMULIA. (All growth comparisons are in constant currencies.)
  *SOLIDWORKS software revenue increased 6% (IFRS and non-IFRS) in constant
    currencies on growth in both new licenses and maintenance revenue. New
    SOLIDWORKS commercial seats licensed totaled 13,403 in the second quarter,
    representing a decrease of 3% compared to the year-ago quarter.
  *IFRS operating income totaled €119.8 million and the operating margin was
    23.0%. On a non-IFRS basis, operating income increased 6.6% to
    €156.7million and the operating margin increased to 30.0%, compared to
    29.2% in the year-ago period.
  *IFRS net income per diluted share decreased 4.5% to €0.64 per share
    principally reflecting a one-time gain on the sale of a distribution
    activity in the 2012 second quarter as well as higher shared-based payment
    expense in the 2013 second quarter. On a non-IFRS basis net income per
    diluted share increased 9.2% to €0.83 per share on growth in operating
    income and financial revenue, with the effective tax rate of 34.2%
    slightly lower compared to the prior year period.

                      2013 First Half Financial Summary

                                 (unaudited)


In            IFRS                                 Non-IFRS
millions
of Euros,                                   Change                                  Change
except per              Change    in cc*              Change    in cc*
share data
2013 YTD
Total         1,007.3    4%        6%        1,010.7    5%        7%
Revenue
2013 YTD
Software      920.9      5%        7%        924.3      5%        7%
Revenue
2013 YTD      1.22       (2%)               1.61       10%       
EPS
2013 YTD
Operating     22.2%                        29.5%               
Margin
^*In constant currencies.                            

In               IFRS                                 Non-IFRS
millions      YTD        YTD       Change    YTD        YTD       Change
of Euros         2013          2012         in cc*       2013          2012         in cc*
Total         1,007.3    965.3     6%        1,010.7    965.3     7%
Revenue
Software      920.9      877.7     7%        924.3      877.7     7%
Revenue
Services
and other     86.4       87.6      1%        86.4       87.6      1%
Revenue
                                                            
PLM
software      713.4      677.8     7%        716.8      677.8     7%
Revenue
SOLIDWORKS
software      207.5      199.9     6%        207.5      199.9     6%
Revenue
                                                            
Americas      278.8      265.6     6%        279.8      265.6     7%
Europe        446.5      432.3     4%        447.1      432.3     4%
Asia          282.0      267.4     10%       283.8      267.4     11%
^*In constant currencies.

  *Total revenue grew 6% (IFRS) and 7% (non-IFRS) in constant currencies,
    with growth in both software and services and growth in all three regions.
    2013 First Half results include the acquisition of Gemcom (part of GEOVIA)
    and the divestiture of Transcat PLM GmbH.
  *On a regional basis, Asia revenue increased 10% (IFRS) and 11% (non-IFRS)
    led by China and Korea. The Americas reported revenue growth of 6% (IFRS)
    and 7% (non-IFRS) with software revenue growing 10%. In Europe total
    revenue increased 4% (IFRS and non-IFRS), with mixed results by countries.
    High-growth countries grew 19% on strong growth in Latin America well
    supported by India, Russia, Korea and China, representing about 12% of
    total revenue. (All growth figures in constant currencies.)
  *Software revenue growth of 7% (IFRS and non-IFRS) was principally driven
    by recurring software revenue. Recurring software revenue increased 9%
    (IFRS and non-IFRS) from growth in maintenance from new licensing
    activity, strong renewal rates and growth in rental licensing. New
    licenses revenue increased 1%, with growth in Asia and the Americas offset
    by a decrease in new licenses revenue in Europe. In the 2012 First Half,
    new licenses revenue in Europe increased double-digits.
  *PLM software revenue increased 7% (IFRS and non-IFRS) led by Other PLM,
    reflecting the addition of GEOVIA, strong results in manufacturing with
    DELMIA, and was well supported by growth in simulation. PLM software saw
    its strongest results in Asia, led by CATIA.
  *SOLIDWORKS software revenue increased 6% (IFRS and non-IFRS) in constant
    currencies on strong growth in recurring software revenue and growth in
    new licenses revenue from multi-product sales. New commercial seats
    licensed decreased 1% to 26,914.
  *IFRS operating income totaled €223.7 million, representing a decrease of
    3.8% on higher revenue offset by growth in operating expenses of 6.9%. On
    a non-IFRS basis, operating income increased 5.7% to €298.4 million on
    higher revenue and operating expense growth limited to 4.3%. The non-IFRS
    operating margin increased slightly to 29.5% compared to 29.2%.
  *IFRS net income per diluted share decreased 2.4% to €1.22 per share,
    principally reflecting a one-time gain on the sale of a distribution
    activity in the 2012 First Half as well as higher shared-based payment
    expense in the 2013 First-Half. Non-IFRS net income per diluted share
    increased 9.5% to €1.61 principally reflecting growth in operating income,
    financial revenue and a lower tax rate.
  *New business in the First Half included V6 architected software
    applications purchases by companies in Aerospace & Defense, Transportation
    & Mobility, Consumer Packaged Goods, Consumer Goods-retail, and Industrial
    Equipment and included Alstom Transport, Metso Pulp, Paper & Power, Parker
    Hannifin, P&G and Renault, among others.

Cash Flow and Other Financial Highlights

Net operating cash flow was €168.3 million and €353.3 million for the three
and six-months ended June 30, 2013, compared to €188.1 million and €353.8
million for the respective 2012 periods. For the first half of 2013, the cash
conversion rate was excellent.

In June 2013, the Company entered into a new five year €350 million credit
facility in France which was fully drawn down. At June 30, 2013, cash, cash
equivalents and short-term investments totaled €1.95 billion and long-term
debt was €372.4 million compared to €1.32 billion and €38.3 million,
respectively at December 31, 2012.

Annual Shareholders’ Meeting Approved 14% Increase in Dividend Payment

At the Annual Shareholders’ Meeting held on May 30, 2013, shareholders
approved the Board of Directors recommendation for a 14% increase in the
annual dividend equivalent to €0.80 per share and to offer an option to
receive payment of the dividend for the fiscal year ended December 31, 2012 in
the form of new Dassault Systèmes shares or in cash. 68% of Dassault Systèmes’
shares opted to receive the dividend in the form of new shares.

The payment of the dividend was completed on June 28, 2013 with the issuance
of 741,175 new ordinary shares and with the cash payment in the aggregate
amount of €31.6 million.

Summary Business, Technology and Corporate Highlights

Multi-Industry

Dassault Systèmes announces Release V6 R2014 of its 3DEXPERIENCE platform. In
a separate press release issued today, Dassault Systèmes unveiled V6 R2014,
including availability of cloud industry and brand offers. It also brings a
groundbreaking navigational interface across the entire 3DEXPERIENCE platform
available on premise, and on a public or private cloud.

Dassault Systèmes completes Apriso acquisition, extending 3DEXPERIENCE to
manufacturing operations management. This acquisition expands the Group’s
addressable market opportunity by at least $1 billion and places Dassault
Systèmes in a leading position on the Manufacturing Operations Management
market. Customers will be able to close the loop among design, engineering,
manufacturing and consumer experience. Apriso solutions are used by leading
global companies, including Alstom, British American Tobacco, Bombardier,
Cummins, General Motors, Hitachi, Japan Tobacco, L’Occitane, Lockheed Martin,
L’Oréal, Philip Morris International, Saint-Gobain, Textron Systems, Trixell,
Valeo, and Volvo CE. In July, the Company welcomed close to 300 new employees
following the acquisition of 100% of Apriso, headquartered in Long Beach,
California, for an enterprise value of approximately $205 million, plus net
cash acquired. Apriso will be integrated with and expand Dassault Systèmes’
DELMIA application portfolio.

Transportation and Mobility Industry

Dassault Systèmes continues its significant investments dedicated to the
automotive industry. Further strengthening the Company’s position, Dassault
Systèmes announced the acquisition of German-based, privately-held SFE, a
technological leader in body conceptual engineering and performance evaluation
and optimization in conceptual design. Using SFE, leading global automotive
OEMs are able to shorten product development time, thanks to the ability to
perform simulations early in the design phase before detailed design
engineering. This acquisition expands the Company’s CATIA and SIMULIA
applications, bringing to the market an innovative technology for seamless
transitions, from early conceptual engineering and performance optimization to
detailed body design. With about 50 employees, the privately-held company is
headquartered in Berlin, Germany, and its solutions will become part of the
CATIA applications portfolio.

Aerospace & Defense Industry

For the aerospace & defense industry, the Company launched “Co-Design to
Target”, a new industry solution experience to help ensure that a program is
delivered on time, on budget and on objective. To achieve this, “Co-Design to
Target’s” mission is to enable companies to design components and sub-systems
to reach their specifications quicker, and prevent late issues that may have
dramatic impact on program cost and schedule thanks to game changing
capabilities in this new industry solution.

Life Sciences Industry

Dassault Systèmes unveils a new industry solution, “Licensed to Cure” for
Bio-tech and pharmaceutical companies. Based on Dassault Systèmes’
3DEXPERIENCE platform, “Licensed to Cure” is designed to help transform the
way bio-tech and pharmaceutical companies manage product and process
complexity. In an environment of expiring patents, more stringent regulations
and increased development costs, companies are increasingly turning to drug
variations to drive growth. With one active pharmaceutical ingredient yielding
as many as 1,000 finished products, a biopharmaceutical company must have a
business platform that not only manages product knowledge complexity, but also
simultaneously drives collaboration, innovation, and compliancy.

                               Business Outlook

Thibault de Tersant, Senior Executive Vice President and CFO, commented, “We
expected to see a return to new licenses revenue growth in the second quarter
and we did.

“In line with the second quarter positive evolution, we can reaffirm that we
anticipate acceleration in new licenses revenue growth in the second half.
From the beginning of this year, we have assumed an improvement in our new
license dynamic based on the opportunities we see in our various businesses
and this remains the case.

“Turning to the full year, we are upgrading our non-IFRS EPS objective to
€3.57 to €3.67, representing growth of 6% to 9%. This is based upon a
reaffirmation of our second half outlook, updating of our financial objectives
to adjust for currency evolution, and the addition of Apriso leading to a
non-IFRS total revenue growth objective of 7% to 8% in constant currencies for
2013.”

The Company’s updated 2013 financial objectives, including Apriso, are as
follows:

  *Third quarter 2013 non-IFRS total revenue objective of about €520 million,
    growing about 8% to 9% excluding currency effects; non-IFRS operating
    margin of about 31%; and non-IFRS EPS of about €0.92, representing growth
    of about 3%;
  *2013 non-IFRS revenue growth objective range of about 7% to 8% in constant
    currencies (€2.115 to €2.130 billion based upon the 2013 currency exchange
    rate assumptions below);
  *2013 non-IFRS operating margin of about 31-32%, stable with 2012;
  *2013 non-IFRS EPS range of about €3.57 to €3.67, representing growth of
    about 6% to 9%, upgraded from 2% to 7%;
  *Objectives are based upon exchange rate assumptions for the next two
    quarters of US$1.35 per €1.00 and JPY130 per €1.00; and for the full year
    2013 of US$1.33 per €1.00 and JPY128 per €1.00.

The Company’s objectives are prepared and communicated only on a non-IFRS
basis and are subject to the cautionary statement set forth below.

The 2013 non-IFRS objectives set forth above do not take into account the
following accounting elements and are estimated based upon the 2013 currency
exchange rates above: 2013 deferred revenue write-downs estimated at
approximately €4 million, share-based compensation expense estimated at
approximately €35 million and amortization of acquired intangibles estimated
at approximately €97 million. The above objectives do not include any impact
from other operating income and expense, net principally comprised of
acquisition, integration and restructuring expenses of €4.2 million in the
2013 First Half. The above non-IFRS adjustments do not take into account the
impact of the Apriso acquisition, for which the accounting elements will be
finalized and included in the third quarter earnings announcement. Finally,
these estimates do not include any new stock option or share grants, or any
new acquisitions or restructurings completed after July 25, 2013.

               Today’s Webcast and Conference Call Information

Today, Thursday, July 25, 2013, Dassault Systèmes will first host a meeting in
Paris, which will be simultaneously webcasted at 9:30 AM London time/10:30 AM
Paris time and will then host a conference call at 9:00 AM New York time/ 2:00
PM London time/3:00 PM Paris time. The webcasted meeting and conference call
will be available via the Internet by accessing http://www.3ds.com/investors/.
Please go to the website at least 15 minutes prior to the webcast or
conference call to register, download and install any necessary audio
software. The webcast and conference call will be archived for 30 days.

Additional investor information can be accessed at
http://www.3ds.com/investors/ or by calling Dassault Systèmes’ Investor
Relations at 33.1.61.62.69.24.

2013 Key Investor Relations Events

Third Quarter Earnings, October 24, 2013 in London

Forward-looking Information

Statements herein that are not historical facts but express expectations or
objectives for the future, including but not limited to statements regarding
the Company’s non-IFRS financial performance objectives, are forward-looking
statements.

Such forward-looking statements are based on Dassault Systèmes management's
current views and assumptions and involve known and unknown risks and
uncertainties. Actual results or performances may differ materially from those
in such statements due to a range of factors. If global economic and business
conditions continue to be volatile or deteriorate, the Company’s business
results may not develop as currently anticipated and may decline below their
earlier levels for an extended period of time. Furthermore, due to factors
affecting sales of the Company’s products and services, there may be a
substantial time lag between any change in global economic and business
conditions and its impact on the Company’s business results.

In preparing such forward-looking statements, the Company has in particular
assumedan average US dollar to euro exchange rate of US$1.35 per €1.00 and
US$1.33 per €1.00 as well as an average Japanese yen to euro exchange rate of
JPY130 to €1.00 and JPY128 to €1.00 for the 2013 third quarter and full year,
respectively; however, currency values fluctuate, and the Company’s results of
operations may be significantly affected by changes in exchange rates. The
Company’s actual results or performance may also be materially negatively
affected by numerous risks and uncertainties as described in the “Risk
Factors” section of 2012 Document de Référence, filed with the AMF on April 3,
2013, and also available on the Company’s website www.3ds.com.

Non-IFRS Financial Information

Readers are cautioned that the supplemental non-IFRS 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 IFRS measurements. Also, the Company’s
supplemental non-IFRS financial information may not be comparable to similarly
titled non-IFRS measures used by other companies. Further specific limitations
for individual non-IFRS measures, and the reasons for presenting non-IFRS
financial information, are set forth in the Company’s annual report for the
year ended December 31, 2012 included in the Company’s 2012 Document de
Référence filed with the AMF on April 3, 2013.

In the tables accompanying this press release the Company sets forth its
supplemental non-IFRS figures for revenue, operating income, operating margin,
net income and diluted earnings per share, which exclude the effect of
adjusting the carrying value of acquired companies’ deferred revenue,
stock-based compensation expense, the expenses for the amortization of
acquired intangible assets, other income and expense, net, certain one-time
items included in financial revenue and other, net, and the income tax effect
of the non-IFRS adjustments. The tables also set forth the most comparable
IFRS financial measure and reconciliations of this information with non-IFRS
information.

Information in Constant Currencies

When the Company believes it would be helpful for understanding trends in its
business, the Company provides percentage increases or decreases in its
revenue (in both IFRS as well as non-IFRS) to eliminate the effect of changes
in currency values, particularly the U.S.dollar and the Japanese yen,
relative to the euro. When trend information is expressed herein "in constant
currencies", the results of the "prior" period have first been recalculated
using the average exchange rates of the comparable period in the current year,
and then compared with the results of the comparable period in the current
year.

About Dassault Systèmes

Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with
virtual universes to imagine sustainable innovations. Its world-leading
solutions transform the way products are designed, produced, and supported.
Dassault Systèmes’ collaborative solutions foster social innovation, expanding
possibilities for the virtual world to improve the real world. The group
brings value to over 170,000 customers of all sizes, in all industries, in
more than 140 countries. For more information, visit www.3ds.com.

CATIA, SOLIDWORKS, SIMULIA, DELMIA, ENOVIA, GEOVIA, EXALEAD, NETVIBES, 3DSWYM
and 3DVIA are registered trademarks of Dassault Systèmes or its subsidiaries
in the US and/or other countries.

(Tables to follow)

                              TABLE OF CONTENTS

Non-IFRS key figures

Condensed consolidated statements of income

Condensed consolidated balance sheets

Condensed consolidated cash flow statements

IFRS – non-IFRS reconciliation

                              DASSAULT SYSTEMES

                             NON-IFRS KEY FIGURES

    (unaudited; in millions of Euros, except per share data, headcount and
                               exchange rates)

Non-IFRS key figures exclude the effects of adjusting the carrying value of
acquired companies’ deferred revenue, stock-based compensation expense,
amortization of acquired intangible assets, other operating income and
expense, net, certain one-time financial revenue items and the income tax
effects of these non-IFRS adjustments.

Comparable IFRS financial information and a reconciliation of the IFRS and
non-IFRS measures are set forth in the separate tables within this Attachment.

               
                  Three months ended                              Six months ended
                  June         June                     Change       June          June                     Change
              30,       30,      Change    in cc*    30,        30,      Change    in cc*
                  2013         2012                                  2013          2012
Non-IFRS          €         €        4%        6%        €          €        5%        7%
Revenue           521.9        502.9                                 1,010.7       965.3
                                                                                                            
Non-IFRS
Revenue
breakdown
by activity
Software          474.4        457.8       4%           6%           924.3         877.7       5%           7%
revenue
of which
new               128.8        127.9       1%           4%           243.2         248.2       (2%)         1%
licenses
revenue
of which
periodic
licenses,
maintenance       345.6        329.9       5%           6%           681.1         629.5       8%           9%
and
product
development
revenue
Services
and other         47.5         45.1        5%           9%           86.4          87.6        (1%)         1%
revenue
                                                                                                            
Recurring
software          343.8        328.1       5%           6%           679.0         625.7       9%           9%
revenue
                                                                                                            
Non-IFRS
software
revenue
breakdown
by product
line
PLM
software          369.5        356.3       4%           6%           716.8         677.8       6%           7%
revenue
of which
CATIA             208.0        208.5       (0%)         0%           405.6         398.4       2%           2%
software
revenue
of which
ENOVIA            64.7         65.8        (2%)         1%           121.1         123.9       (2%)         1%
software
revenue
of which
Other PLM         96.8         82.0        18%          24%          190.1         155.5       22%          27%
sofware
revenue
SOLIDWORKS
software          104.9        101.5       3%           6%           207.5         199.9       4%           6%
revenue
                                                                                                            
Non-IFRS
Revenue
breakdown
by
geography
Americas          145.3        139.2       4%           6%           279.8         265.6       5%           7%
Europe            231.1        228.2       1%           2%           447.1         432.3       3%           4%
Asia           145.5     135.5    7%        13%       283.8      267.4    6%        11%
                                                                                                            
Non-IFRS          €            €                                                   €
operating         156.7        147.0       7%                        € 298.4       282.3       6%
income
Non-IFRS
operating         30.0%        29.2%                                 29.5%         29.2%
margin
Non-IFRS          106.0        95.5        11%                       204.6         184.4       11%
net income
Non-IFRS
diluted net    € 0.83    €        9%                 € 1.61     €        10%       
income per                     0.76                                                1.47
share
Closing        10,245    9,684    6%                 10,245     9,684    6%        
headcount
                                                                                                            
Average
Rate USD          1.31         1.28        2%                        1.31          1.30        1%
per Euro
Average
Rate JPY       129.1     102.6    26%                125.5      103.3    21%       
per Euro
^*In
constant
currencies

                              DASSAULT SYSTEMES

              CONDENSED CONSOLIDATED STATEMENTS OF INCOME (IFRS)

           (unaudited; in millions of Euros, except per share data)

                                                
                        Three months ended          Six months ended
                    June 30,     June 30,    June 30,    June 30,
                        2013            2012           2013           2012
New licenses            128.8        127.9       243.2       248.2
revenue
Periodic
licenses,
maintenance and         345.7        329.9       677.7       629.5
product
development
revenue
Software revenue        474.5           457.8          920.9          877.7
Services and            47.5         45.1        86.4        87.6
other revenue
Total Revenue           € 522.0         € 502.9        €              € 965.3
                                                       1,007.3
Cost of software
revenue
(excluding              (23.5)          (22.0)         (47.7)         (44.4)
amortization
of acquired
intangibles)
Cost of services        (42.4)          (42.9)         (82.1)         (86.0)
and other revenue
Research and            (97.1)          (92.9)         (191.9)        (179.3)
development
Marketing and           (172.4)         (165.9)        (333.4)        (310.5)
sales
General and             (39.1)          (37.2)         (75.5)         (73.3)
administrative
Amortization of
acquired                (24.5)          (21.8)         (48.8)         (43.3)
intangibles
Other operating
income and              (3.2)        6.3         (4.2)       4.1
expense, net
Total Operating         (€           (€          (€          (€
Expenses                402.2)          376.4)         783.6)         732.7)
Operating Income        € 119.8         € 126.5        € 223.7        € 232.6
Financial revenue       5.7          0.8         11.8        5.1
and other, net
Income before           125.5           127.3          235.5          237.7
income taxes
Income tax              (43.7)          (42.0)         (79.1)         (79.2)
expense
Net Income              81.8            85.3           156.4          158.5
Non-controlling         (0.8)        (1.0)       (1.7)       (2.1)
interest
Net Income
attributable to         € 81.0       € 84.3      € 154.7     € 156.4
equity holders
of the parent
Basic net income        0.65         0.68        1.24        1.27
per share
Diluted net             € 0.64       € 0.67      € 1.22      € 1.25
income per share
Basic weighted
average shares          124.8        123.4       124.5       123.0
outstanding (in
millions)
Diluted weighted
average shares       127.5        125.9       127.2       125.5
outstanding (in
millions)


IFRS revenue variation as reported and in constant currencies

                                                      
                        Three months ended June     Six months ended June
                        30, 2013                       30, 2013
                    Change*      Change      Change*     Change
                                        in cc**                       in cc**
IFRS Revenue            4%              6%             4%             6%
IFRS Revenue by
activity
Software Revenue        4%              6%             5%             7%
Services and            5%              9%             (1%)           1%
other Revenue
IFRS Software Revenue by product
line
PLM software            4%              6%             5%             7%
revenue
of which CATIA          (0%)            0%             2%             2%
software revenue
of which ENOVIA         (2%)            1%             (2%)           1%
software revenue
of which Other
PLM sofware             18%             24%            20%            25%
revenue
SOLIDWORKS              3%              6%             4%             6%
IFRS Revenue by
geography
Americas                4%              6%             5%             6%
Europe                  1%              2%             3%             4%
Asia                 7%           13%         5%          10%
*Variation compared to the same period in the prior year. **In constant
currencies.

                              DASSAULT SYSTEMES

                 CONDENSED CONSOLIDATED BALANCE SHEETS (IFRS)

                      (unaudited; in millions of Euros)


                                          June 30,         December 31,
                                              2013                2012
                                                          
ASSETS
Cash and cash equivalents                     1,778.7             1,159.3
Short-term investments                        171.5               159.8
Accounts receivable, net                      400.2               457.8
Other current assets                          147.7               154.5
Total current assets                          2,498.1             1,931.4
Property and equipment, net                   103.8               107.8
Goodwill and Intangible assets, net           1,428.3             1,459.5
Other non current assets                      146.0            113.7
Total Assets                               € 4,176.2        € 3,612.4
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable                              90.3                90.8
Unearned revenues                             568.1               484.7
Short-term debt                               22.4                25.5
Other current liabilities                     293.8               327.5
Total current liabilities                     974.6               928.5
Long-term debt                                372.4               38.3
Other non current obligations                 305.1               292.5
Total long-term liabilities                   677.5               330.8
Non-controlling interests                     16.4                16.2
Parent shareholders' equity                   2,507.7          2,336.9
Total Liabilities and Shareholders'        € 4,176.2        € 3,612.4
equity
^* The December 31, 2012 balance sheet reflects the adoption of Revised IAS 19
in 2013.

                              DASSAULT SYSTEMES

              CONDENSED CONSOLIDATED CASH FLOW STATEMENTS (IFRS)

                      (unaudited; in millions of Euros)

                                                        
                      Three months ended                    Six months ended
                      June          June                       June          June
                  30,        30,        Change    30,        30,        Change
                      2013          2012                       2013          2012
Net Income
attributable to       81.0       84.3       (3.3)     154.7      156.4      (1.7)
equity holders
of the parent
Non-controlling       0.8           1.0           (0.2)        1.7           2.1           (0.4)
interest
Net Income            81.8          85.3          (3.5)        156.4         158.5         (2.1)
Depreciation of
property &            9.1           7.0           2.1          17.1          16.1          1.0
equipment
Amortization of
intangible            26.1          23.2          2.9          52.0          45.7          6.3
assets
Other non cash        11.7          (4.6)         16.3         7.4           0.9           6.5
P&L Items
Changes in            39.6       77.2       (37.6)    120.4      132.6      (12.2)
working capital
Net Cash
provided by           € 168.3       € 188.1       (€           € 353.3       € 353.8       (€
operating                                         19.8)                                    0.5)
activities
                                                                                           
Additions to
property,             (9.2)         (9.3)         0.1          (23.2)        (23.7)        0.5
equipment and
intangibles
Payments for
acquisition of
businesses, net       (26.4)        (1.0)         (25.4)       (26.4)        (19.1)        (7.3)
of cash
acquired
Sale of fixed         0.2           0.1           0.1          0.4           0.3           0.1
assets
Sale (purchase)
of short term         (40.6)        36.0          (76.6)       (12.3)        86.9          (99.2)
investments,
net
Sale of
investments,          1.8        (7.5)      9.3       1.7        (12.5)     14.2
loans and
others
Net Cash
provided by           (€                          (€           (€                          (€
(used in)             74.2)         € 18.3        92.5)        59.8)         € 31.9        91.7)
investing
activities
                                                                                           
Proceeds
(Repayments) of       338.5         (14.0)        352.5        338.5         (14.0)        352.5
short-term and
long-term debt
Repurchase of         0.0           (71.9)        71.9         0.0           (71.9)        71.9
common stock
Proceeds from
exercise of           8.3           41.5          (33.2)       21.6          74.2          (52.6)
stock-options
Cash dividend         (31.6)     (86.5)     54.9      (31.6)     (86.5)     54.9
paid
Net Cash
provided by                         (€            €                          (€            €
(used in)             € 315.2       130.9)        446.1        € 328.5       98.2)         426.7
financing
activities
                                                                                           
Effect of
exchange rate
changes on            (24.5)        42.8          (67.3)       (2.6)         19.5          (22.1)

cash and cash
equivalents
                                                                       
Increase
(decrease) in      € 384.8    € 118.3    €         € 619.4    € 307.0    €
cash and cash                                     266.5                                    312.4
equivalents
                                                                   
Cash and cash
equivalents at        €             €                          €             €
beginning of          1,393.9       1,343.0                    1,159.3       1,154.3
period
Cash and cash         €             €                          €             €
equivalents at     1,778.7    1,461.3             1,778.7    1,461.3    
end of period
                                                                                           

                              DASSAULT SYSTEMES

                 SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION

                        IFRS – NON-IFRS RECONCILIATION

           (unaudited; in millions of Euros, except per share data)

Readers are cautioned that the supplemental non-IFRS 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 IFRS measurements. Also, the Company’s
supplemental non-IFRS financial information may not be comparable to similarly
titled non-IFRS measures used by other companies. Further specific limitations
for individual non-IFRS measures, and the reasons for presenting non-IFRS
financial information, are set forth in the Company’s Document de référence
for the year ended December 31, 2012 filed with the AMF on April 3, 2013. To
compensate for these limitations, the supplemental non-IFRS financial
information should be read not in isolation, but only in conjunction with the
Company’s consolidated financial statements prepared in accordance with IFRS.


In millions of     Three months ended June 30,                                                            Change
Euros, except
per share data        2013         Adjustment       2013           2012         Adjustment       2012                       Non-IFRS
and                IFRS      (1)           non-IFRS    IFRS      (1)           non-IFRS    IFRS     (2)
percentages
Total Revenue         €         (0.1)         € 521.9     €                                   4%       4%
                      522.0                                        502.9
Total Revenue
breakdown by
activity
Software              474.5        (0.1)            474.4          457.8                                        4%          4%
revenue
New Licenses          128.8                                        127.9                                        1%
Product               1.8                                          1.8
Development
Periodic
Licenses and          343.9        (0.1)            343.8          328.1                                        5%          5%
Maintenance
Recurring
portion of            72%                           72%            72%
Software
revenue
Services and          47.5                                         45.1                                         5%
other revenue
Total Software
Revenue
breakdown by
product line
PLM software          369.6        (0.1)            369.5          356.3                                        4%          4%
revenue
of which CATIA
software              208.0                                        208.5                                        (0%)
revenue
of which ENOVIA
software              64.7                                         65.8                                         (2%)
revenue
of which Other
PLM software          96.9         (0.1)            96.8           82.0                                         18%         18%
revenue
SOLIDWORKS
software              104.9                                        101.5                                        3%
revenue
Total Revenue
breakdown by
geography
Americas              145.4        (0.1)            145.3          139.2                                        4%          4%
Europe                231.1                         231.1          228.2                                        1%
Asia               145.5                  145.5       135.5                             7%       
Total Operating       (€           37.0             (€             (€           20.5             (€             7%          3%
Expenses              402.2)                        365.2)         376.4)                        355.9)
Stock-based
compensation          (9.3)        9.3              -              (5.0)        5.0              -              -           -
expense
Amortization of
acquired              (24.5)       24.5             -              (21.8)       21.8             -              -           -
intangibles
Other operating
income and         (3.2)     3.2           -           6.3       (6.3)         -           -        -
expense, net
Operating             €            36.9             € 156.7        €            20.5             € 147.0        (5%)        7%
Income                119.8                                        126.5
Operating             23.0%                         30.0%          25.2%                         29.2%
Margin
Financial
revenue &             5.7          (0.1)            5.6            0.8          0.2              1.0            612%        460%
other, net
Income tax            (43.7)       (11.8)           (55.5)         (42.0)       (9.5)            (51.5)         4%          8%
expense
Non-controlling       (0.8)        0.0              (0.8)          (1.0)        0.0              (1.0)          (20%)       (20%)
interest
Net Income
attributable to       € 81.0       25.0             € 106.0        € 84.3       11.2             € 95.5         (4%)        11%
shareholders
Diluted Net
Income Per         € 0.64    0.19          € 0.83      € 0.67    0.09          € 0.76      (4%)     9%
Share (3)

(1) In the reconciliation schedule above, (i) all adjustments to IFRS revenue
data reflect the exclusion of the deferred revenue adjustment of acquired
companies; (ii) adjustments to IFRS operating expense data reflect the
exclusion of the amortization of acquired intangibles, share-based
compensation expense, and other operating income and expense, (iii)
adjustments to IFRS financial revenue and other, net reflect the exclusion of
certain one-time items included in financial revenue and other, net, and (iv)
all adjustments to IFRS income data reflect the combined effect of these
adjustments, plus with respect to net income and diluted net income per share,
the income tax effect of the non-IFRS adjustments.


In millions of    Three months ended June 30,
Euros             2013       Adjustment    2013        2012       Adjustment    2012
                     IFRS                           non-IFRS       IFRS                           non-IFRS
Cost of              (65.9)     0.2           (65.7)      (64.9)     0.1           (64.8)
revenue
Research and         (97.1)        3.9              (93.2)         (92.9)        2.4              (90.5)
development
Marketing and        (172.4)       3.1              (169.3)        (165.9)       1.3              (164.6)
sales
General and          (39.1)        2.1              (37.0)         (37.2)        1.2              (36.0)
administrative
Total
stock-based                 9.3                                5.0           
compensation
expense

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

(3) Based on a weighted average 127.5 million diluted shares for Q2 2013 and
125.9 million diluted shares for Q2 2012.

                              DASSAULT SYSTEMES

                 SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION

                        IFRS – NON-IFRS RECONCILIATION

           (unaudited; in millions of Euros, except per share data)

Readers are cautioned that the supplemental non-IFRS 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 IFRS measurements. Also, the Company’s
supplemental non-IFRS financial information may not be comparable to similarly
titled non-IFRS measures used by other companies. Further specific limitations
for individual non-IFRS measures, and the reasons for presenting non-IFRS
financial information, are set forth in the Company’s Document de référence
for the year ended December 31, 2012 filed with the AMF on April 3, 2013. To
compensate for these limitations, the supplemental non-IFRS financial
information should be read not in isolation, but only in conjunction with the
Company’s consolidated financial statements prepared in accordance with IFRS.


In millions of     Six months ended June 30,                                                               Change
Euros, except
per share data     2013       Adjustment    2013        2012      Adjustment    2012        IFRS     Non-IFRS
and percentages       IFRS          (1)              non-IFRS       IFRS         (1)              non-IFRS                   (2)
Total Revenue         €          3.4           €           €                                   4%       5%
                      1,007.3                        1,010.7        965.3
Total Revenue
breakdown by
activity
Software              920.9         3.4              924.3          877.7                                        5%          5%
revenue
New Licenses          243.2                                         248.2                                        (2%)
Product               2.1                                           3.8                                          (45%)
Development
Periodic
Licenses and          675.6         3.4              679.0          625.7                                        8%          9%
Maintenance
Recurring
portion of            73%                            73%            71%
Software
revenue
Services and          86.4                                          87.6                                         (1%)
other revenue
Total Software
Revenue
breakdown by
product line
PLM software          713.4         3.4              716.8          677.8                                        5%          6%
revenue
of which CATIA
software              405.6                                         398.4                                        2%
revenue
of which ENOVIA
software              121.1                                         123.9                                        (2%)
revenue
of which Other
PLM software          186.7         3.4              190.1          155.5                                        20%         22%
revenue
SOLIDWORKS
software              207.5                                         199.9                                        4%
revenue
Total Revenue
breakdown by
geography
Americas              278.8         1.0              279.8          265.6                                        5%          5%
Europe                446.5         0.6              447.1          432.3                                        3%          3%
Asia               282.0      1.8           283.8       267.4                             5%       6%
Total Operating       (€            71.3             (€             (€           49.7             (€             7%          4%
Expenses              783.6)                         712.3)         732.7)                        683.0)
Stock-based
compensation          (18.3)        18.3             -              (10.5)       10.5             -              -           -
expense
Amortization of
acquired              (48.8)        48.8             -              (43.3)       43.3             -              -           -
intangibles
Other operating
income and         (4.2)      4.2           -           4.1       (4.1)         -           -        -
expense, net
Operating             € 223.7       74.7             € 298.4        €            49.7             € 282.3        (4%)        6%
Income                                                              232.6
Operating             22.2%                          29.5%          24.1%                         29.2%
Margin
Financial
revenue &             11.8          (0.7)            11.1           5.1          (2.4)            2.7            131%        311%
other, net
Income tax            (79.1)        (24.1)           (103.2)        (79.2)       (19.3)           (98.5)         (0%)        5%
expense
Non-controlling       (1.7)         0.0              (1.7)          (2.1)        0.0              (2.1)          (19%)       (19%)
interest
Net Income                                                          €
attributable to       € 154.7       49.9             € 204.6        156.4        28.0             € 184.4        (1%)        11%
shareholders
Diluted Net
Income Per         € 1.22     0.39          € 1.61      € 1.25    0.22          € 1.47      (2%)     10%
Share (3)

(1) In the reconciliation schedule above, (i) all adjustments to IFRS revenue
data reflect the exclusion of the deferred revenue adjustment of acquired
companies; (ii) adjustments to IFRS operating expense data reflect the
exclusion of the amortization of acquired intangibles, share-based
compensation expense, and other operating income and expense, (iii)
adjustments to IFRS financial revenue and other, net reflect the exclusion of
certain one-time items included in financial revenue and other, net, and (iv)
all adjustments to IFRS income data reflect the combined effect of these
adjustments, plus with respect to net income and diluted net income per share,
the income tax effect of the non-IFRS adjustments.


In millions of    Six months ended June 30,
Euros             2013       Adjustment    2013        2012       Adjustment    2012
                     IFRS                           non-IFRS       IFRS                           non-IFRS
Cost of              (129.8)    0.4           (129.4)     (130.4)    0.3           (130.1)
revenue
Research and         (191.9)       7.7              (184.2)        (179.3)       5.0              (174.3)
development
Marketing and        (333.4)       6.1              (327.3)        (310.5)       2.7              (307.8)
sales
General and          (75.5)        4.1              (71.4)         (73.3)        2.5              (70.8)
administrative
Total
stock-based                 18.3                               10.5          
compensation
expense

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

(3) Based on a weighted average 127.2 million diluted shares for YTD 2013 and
125.5 million diluted shares for YTD 2012.

Contact:

Dassault Systèmes:
François-José Bordonado/Beatrix Martinez, 33.1.61.62.69.24
or
United States and Canada:
Michele.Katz@3DS.com
or
FTI Consulting:
Jon Snowball, 44.20.7831.3113
or
Clément Bénétreau, 33.1.47.03.68.10
 
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