Dassault Systemes has reported its first quarter results ending on March 31, 2013, which have been reviewed by the Company's board of directors.
Bernard Charles, President & CEO, Dassault Systèmes, said, "Our focus is on expanding our market with 3DEXPERIENCE and progressing towards the realization of our purpose. It is now very clear that customers see the high value of 3DEXPERIENCE in its ability to help them manage the complexity of their business in a comprehensive manner – in engineering as well as more broadly within marketing, sales and programme management as illustrated by our new engagements this quarter. Therefore, 2013 is about accelerating our 3DEXPERIENCE strategy rollout with an ambitious R&D delivery plan".
Total revenue in the first quarter increased 6% (IFRS) and 7% (non-IFRS). Software revenue represented 92% of total revenue. Services and other revenue decreased 7% (IFRS and non-IFRS) principally due to a lower level of new projects. The overall Non-IFRS earnings per share increased up by 10% to €0.78. IFRS operating income totaled €103.9 million and the operating margin was 21.4%.
Net operating cash flow increased 12% to €185.0 million in the 2013 first quarter, compared to €165.7 million in the first quarter of 2012. The Company’s net financial position was €1.49 billion at March 31, 2013, compared to €1.28 billion at December 31, 2012, and was comprised of cash, cash equivalents and short-term investments less long-term debt.
The Board of Directors has recommended a 14% increase in the annual cash dividend per share equivalent to €0.80 per share for the fiscal year ended December 31, 2012.
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