“The V6 platform has evolved with our customers in the last few years. The addition of Intelligent Information search-based technologies, social innovation capabilities and realistic virtual experiences, made us ready to pioneer a new technological wave: the 3D Experience Platform to serve the ‘Social Enterprise’ of the 21st century. We must provide businesses and people with holistic 3D experiences to change the way they imagine sustainable innovations capable of harmonizing products, nature and life.”
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Fourth Quarter Financial Summary
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| In millions of Euros, except per share data | IFRS | Non-IFRS | ||||||||||||||||||||||
| Change | Change in cc* | Change | Change in cc* | |||||||||||||||||||||
| Q4 Total Revenue | 512.1 | 11% | 10% | 512.1 | 10% | 9% | ||||||||||||||||||
| Q4 Software Revenue | 462.1 | 10% | 9% | 462.1 | 9% | 8% | ||||||||||||||||||
| Q4 EPS | 0.68 | 6% | 0.87 | 5% | ||||||||||||||||||||
| Q4 Operating Margin | 26.5% | 32.8% | ||||||||||||||||||||||
| In millions of Euros | IFRS | Non-IFRS | ||||||||||||||||||||||
| Q4 2011 | Q4 2010 | Change in cc* | Q4 2011 | Q4 2010 | Change in cc* | |||||||||||||||||||
| Total Revenue | 512.1 | 462.7 | 10% | 512.1 | 467.3 | 9% | ||||||||||||||||||
| Software Revenue | 462.1 | 418.2 | 9% | 462.1 | 422.8 | 8% | ||||||||||||||||||
| Services and other Revenue | 50.0 | 44.5 | 11% | 50.0 | 44.5 | 11% | ||||||||||||||||||
| PLM software Revenue | 371.0 | 335.4 | 10% | 371.0 | 340.0 | 8% | ||||||||||||||||||
| SolidWorks software Revenue | 91.1 | 82.8 | 9% | 91.1 | 82.8 | 9% | ||||||||||||||||||
| Americas | 135.7 | 132.3 | 2% | 135.6 | 134.1 | 0% | ||||||||||||||||||
| Europe | 251.3 | 215.3 | 17% | 251.4 | 218.7 | 15% | ||||||||||||||||||
| Asia | 125.1 | 115.1 | 5% | 125.1 | 114.5 | 6% | ||||||||||||||||||
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*In constant currencies. |
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- IFRS and non-IFRS total revenue increased 10% and 9%, respectively, reflecting growth in both software and services and other revenue. IFRS and non-IFRS software revenue increased 9% and 8%, respectively. Services and other revenue increased 11%, the highest quarter for the year on an increase in V6 service engagements. (All figures in constant currencies.)
- By region, revenue growth was highest in Europe, reflecting a number of multi-brand transactions, a strong dynamic in the automotive industry and good performance in Germany and France.
- New licenses revenue increased 13% (IFRS and non-IFRS) in constant currencies.
- Recurring software revenue rose 8% (IFRS) and 6% (non-IFRS) in constant currencies reflecting growth in maintenance from higher new licensing activity and strong maintenance renewals and rental licensing.
- PLM software revenue increased 10% (IFRS) and 8% (non-IFRS) in constant currencies. CATIA non-IFRS software revenue increased 7% in comparison to the year-ago fourth quarter. ENOVIA is seeing strong V6 interest, with non-IFRS software revenue growth of 3%, reflecting a significant amount of deferred revenue related to software development projects in new industries. Other PLM non-IFRS software revenue increased 14% led by SIMULIA. (All growth comparisons in constant currencies.)
- SolidWorks (Mainstream 3D) software revenue increased 9% in constant currencies and totaled €91.1 million, with 12,136 new commercial seats licensed.
- IFRS operating income increased 8.8% to €135.7 million and the operating margin was 26.5% compared to 27.0% in the 2010 fourth quarter. On a non-IFRS basis, operating income increased 5.9% to €167.9 million and the non-IFRS operating margin was 32.8%, compared to 33.9% in the year-ago period.
- Earnings per diluted share increased 6% to €0.68 (IFRS) and 5% to €0.87 (non-IFRS).
2011 Financial Summary
