- On an IFRS basis, total revenue increased 10%, with software higher by 7% and services and other revenue increasing 33%. Non-IFRS total revenue increased 15%, with software revenue growth of 13% and services and other revenue of 34%. Excluding acquisitions and divestitures, non-IFRS total revenue increased 5% and software revenue increased 7%. (All growth rates in constant currencies.)
- On a regional basis, non-IFRS revenue in Europe increased 15%, led by Germany, Sweden and the United Kingdom. Non-IFRS revenue in the Americas increased 18%, with an improving performance in North America. In Asia, revenue growth of 11% was mixed, with strong growth in South Korea and India. (All growth rates in constant currencies.)
- New licenses revenue rose 12% (IFRS) and 13% (non-IFRS) led by strong growth in Europe, up double-digits as reported and on an organic basis. Recurring software revenue increased 5% (IFRS) and 12% (non-IFRS) on growth in maintenance and rental. (All growth comparisons are in constant currencies.)
- By brand and on a non-IFRS basis, CATIA increased 11% driven by Transportation & Mobility and High-Tech. ENOVIA grew 5%. SOLIDWORKS increased 8% with new seats licensed up 5% to 14,090. Other software growth of 27% reflected the addition of acquisitions and double-digit software growth for SIMULIA. (All growth comparisons are in constant currencies.)
- IFRS operating income of €99.6 million was lower by 16.9%, while non-IFRS operating income increased 3.5% to €162.2 million. Currency had a net negative impact on operating income growth of approximately 10 percentage points. The non-IFRS operating margin was 28.5%.
- IFRS diluted net income per share decreased 18.8% while non-IFRS diluted net income per share increased 2.4% to €0.85 per share. Excluding the 8 cents impact from negative currency effects, non-IFRS EPS would have increased 13%.
|
2014 First Half 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* | |||||||||
| 2014 YTD Total Revenue | 1,059.0 | 5% | 9% | 1,072.9 | 6% | 12% | ||||||
| 2014 YTD Software Revenue | 945.2 | 3% | 7% | 958.1 | 4% | 9% | ||||||
| 2014 YTD Services and other revenue | 113.8 | 32% | 36% | 114.8 | 33% | 37% | ||||||
| 2014 YTD Operating Margin | 17.0% | 28.1% | ||||||||||
| 2014 YTD EPS | 0.94 | (23%) | 1.58 | (2%) | ||||||||
|
*In constant currencies. |
||||||||||||
| In millions of Euros | IFRS | Non-IFRS | ||||||||||
| 2014 YTD | 2013 YTD | Change in cc* | 2014 YTD | 2013 YTD | Change in cc* | |||||||
| Americas | 295.3 | 278.8 | 11% | 301.3 | 279.8 | 13% | ||||||
| Europe | 490.7 | 446.5 | 11% | 496.3 | 447.1 | 12% | ||||||
| Asia | 273.0 | 282.0 | 6% | 275.3 | 283.8 | 10% | ||||||
