Entity

Time filter

Source Type

Radnor, PA, United States

Quintiq is a Supply Chain Planning and Optimization software company, based in the Netherlands. Wikipedia.


Steel companies need to increase efficiency and productivity to make sure that they do not fall behind competitors. One way of doing this, especially for logistically intense companies, is to optimize business processes and the supply chain. Source


Van Asperen E.,Erasmus University Rotterdam | Borgman B.,Quintiq | Dekker R.,Erasmus University Rotterdam
Flexible Services and Manufacturing Journal | Year: 2013

Container stacking rules are an important factor in container terminal efficiency. We build on prior research and use a discrete-event simulation model to evaluate the impact of a truck announcement system on the performance of online container stacking rules. The information that is contained in the announcement, i.e., the expected departure time for an import container, can be used to schedule pre-emptive remarshall moves. These moves can then be performed when the workload is low in order to decrease the export time and the crane workload at peak times. © 2011 The Author(s). Source


News Article | October 22, 2015
Site: www.businesswire.com

Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced IFRS unaudited financial results for the third quarter and nine months ended September 30, 2015. These results were reviewed by the Company’s Board of Directors on October 21, 2015. “3DEXPERIENCE and our industry solution experiences are triggering new levels of engagements with our clients, partnering together to help them innovate, improve and transform their businesses,” commented Bernard Charlès, Dassault Systèmes President and Chief Executive Officer. “Deployments are making a significant difference for our clients, reducing program development cycle times by more than 50% in some instances, or optimizing product costs or product reliability in a very meaningful manner, for example with DELMIA. In the broad context of digital manufacturing, we are providing strong support to our clients, helping them to leverage top-line opportunities as well as bottom-line improvement. “We are investing in quite a few of our brands, notably ENOVIA, centered on improving our customers’ businesses and, in turn, creating a broader platform for growth for Dassault Systèmes. We believe such opportunities are building a long runway for revenue expansion in the years to come. Importantly, they are delivering an improved dynamic for us today and enable us to confirm our financial objectives.” Cash Flow and Other Financial Highlights Net operating cash flow was €113 million and €530 million for the three and nine months ended September 30, 2015, respectively, compared to €90.1 and €444.7 million for the 2014 comparable periods. Year-to-date 2015 changes in working capital include the payment of €60 million in connection with ongoing tax proceedings. For the first nine months of 2015, the Company uses of cash were principally for cash dividends of €98.5 million, capital expenditures of €30.8 million, share repurchases of €28.0 million and payment for acquisitions of €18.1 million. The Company received cash for stock options exercised of €25.0 million. At September 30, 2015, the Company’s net financial position totaled €1.23 billion, compared to €825.5 million at December 31, 2014, reflecting an increase in cash, cash equivalents and short-term investments to €1.58 billion, compared to €1.18 billion at December 31, 2014, with long-term debt unchanged at €350.0 million. In October 2015, the Company entered into a new five year €650 million credit facility which was fully drawn down. On October 1, 2015 Dassault Systèmes unveiled SOLIDWORKS 2016, the latest release, delivering new and enhanced capabilities that will help its 2.7 million users quickly and easily innovate, design, validate, collaborate and build, from initial concept to final product. For Design, users can work smarter and get the CAD system out of the way with fewer “picks and clicks”, increased modeling flexibility, a more intuitive interface, and easier access to commands; for Collaboration, users can communicate, collaborate, and work concurrently across teams, disciplines, customers, and vendors with mechatronic design, concurrent design, and streamlined electrical/mechanical design; for Validation, innovative design simulation makes analysis more efficient to solve complex problems, visualize and verify functionality, and find potential errors before they occur; and for Manufacturing, users are now able to create more detailed outputs for manufacturing and shorten product development to manufacture while saving time and reducing errors. On September 14, 2015 the Company announced that India’s second largest manufacturer of Trucks and Buses, Ashok Leyland, has adopted two Dassault Systèmes Industry Solution Experiences: “Modular, Glocal and Secure” and “Target Zero Defect”. As part of its customer-centric activities, Ashok Leyland looked to enhance quality control and accelerate the delivery of its trucks and buses. In addition, the company wanted an efficient cost management solution that would address the complexity of its product portfolio as it tailors a diverse range of products to meet shifting market requirements. On July 23, 2015 the Company announced that Elixir Aircraft, a French aviation startup, selected Dassault Systèmes’ 3DEXPERIENCE platform for the industry’s first airplane designed using cloud-based applications. Elixir Aircraft will rely on Dassault Systèmes’ “Engineered to Fly” industry solution experience for the cloud-based design and engineering of its high-performing two-seater airplane, crafted to appeal to the passenger experience with a unique wing structure, comfort and gains in payload, safety and costs. On July 23, 2015 the Company announced that LF Corp, a leading fashion and lifestyle company in Asia, has selected the “My Collection” industry solution experience to streamline the planning, designing and sourcing of its collections. LF Corp is now supporting its international growth initiatives using powerful collaborative and analytical capabilities in a single digital environment. Based on the 3DEXPERIENCE platform, Dassault Systèmes’ “My Collection” industry solution experience provides LF Corp with unified development, sourcing and design capabilities, to simplify workflows and decision-making and minimize risks throughout its collections’ lifecycles. On July 27, 2015, the Company filed its 2015 Half-Year Financial Report with the French Autorité des marchés financiers. On September 4, 2015, an Extraordinary Shareholders’ meeting was held. At the meeting shareholders’ ratified all the resolutions presented. Thibault de Tersant, Senior Executive Vice President, CFO, commented, “Our third quarter financial results were well aligned with our guidance. Thanks to broad-based growth in Europe and the Americas, we were able to absorb the short-term market volatility in Asia as well as high year-ago comparisons in that region. “Based upon our progress year-to-date, we confirm our two key 2015 financial goals - double-digits organic new licenses revenue growth in constant currencies and an organic improvement in our non-IFRS operating margin of 100 basis points. Year-to-date organic new licenses revenue increased 11% exclusive of any currency benefits and on an organic basis we have improved our operating margin by 80 basis points. “Turning to our outlook, thanks to our pipeline of opportunities with clients we see a strong finish to the year with a fourth quarter embedding organic double-digit new licenses revenue growth in constant currencies. We therefore reaffirm our 2015 financial objectives and upgrade them for currency upside from Q3 and the reversal of tax reserves. As a result, we now target a non-IFRS EPS objective of about €2.20, increasing 21% in comparison to last year.” The Company’s fourth quarter and full year 2015 financial objectives are as follows: 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 2015 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2015 currency exchange rates above: deferred revenue write-downs estimated at approximately €37 million, share-based compensation expense, estimated at approximately €35 million and amortization of acquired intangibles estimated at approximately €160 million. The above objectives do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses. Finally, these estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after October 22, 2015. Today, Thursday, October 22, 2015, Dassault Systèmes will first host a meeting in London, which will be simultaneously webcasted at 8:30 AM London time/9:30 AM Paris time and will then also 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 1 year. 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. 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. The Company’s current outlook for 2015 takes into consideration, among other things, an uncertain global economic environment. In light of the continuing uncertainties regarding economic, business, social and geopolitical conditions at the global level, the Company’s revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis. While the Company makes every effort to take into consideration this uncertain macroeconomic outlook, the Company’s business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of the Company’s products and services as described above, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results. In preparing such forward-looking statements, the Company has in particular assumed an average US dollar to euro exchange rate of US$1.15 per €1.00 for the 2015 fourth quarter and US$1.12 per €1.00 for the full year as well as an average Japanese yen to euro exchange rate of JPY135.0 to €1.00 for the fourth quarter and JPY134.8 to €1.00 for the full year; 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 the 2014 Document de Référence, filed with the AMF on March 24, 2015, and also available on the Company’s website www.3ds.com. Readers are cautioned that the supplemental non-IFRS financial 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, 2014 included in the Company’s 2014 Document de Référence filed with the AMF on March 24, 2015. 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, share-based compensation expense and related social charges, the amortization of acquired intangible assets, other operating 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 and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information. 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. 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 190,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com. CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3D VIA, 3DSWYM, BIOVIA, NETVIBES, 3DEXCITE are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries. Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, 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 and certain one-time tax effects. Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment. IFRS revenue variation as reported and in constant currencies *Variation compared to the same period in the prior year. * The consolidated balance sheet as of December 31, 2014 has been restated to reflect the finalized purchase price allocation for prior year business combinations. 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, 2014 filed with the AMF on March 24, 2015. 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. (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 related social charges, 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 and certain one-time tax effects. (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 256.5 million diluted shares for Q3 2015 and 255.5 million diluted shares for Q3 2014. 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, 2014 filed with the AMF on March 24, 2015. 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. (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 related social charges, 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 and certain one-time tax effects. (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 256.4 million diluted shares for YTD 2015 and 255.2 million diluted shares for YTD 2014.


News Article | October 22, 2015
Site: www.businesswire.com

Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced IFRS unaudited financial results for the third quarter and nine months ended September 30, 2015. These results were reviewed by the Company’s Board of Directors on October 21, 2015. “3DEXPERIENCE and our industry solution experiences are triggering new levels of engagements with our clients, partnering together to help them innovate, improve and transform their businesses,” commented Bernard Charlès, Dassault Systèmes President and Chief Executive Officer. “Deployments are making a significant difference for our clients, reducing program development cycle times by more than 50% in some instances, or optimizing product costs or product reliability in a very meaningful manner, for example with DELMIA. In the broad context of digital manufacturing, we are providing strong support to our clients, helping them to leverage top-line opportunities as well as bottom-line improvement. “We are investing in quite a few of our brands, notably ENOVIA, centered on improving our customers’ businesses and, in turn, creating a broader platform for growth for Dassault Systèmes. We believe such opportunities are building a long runway for revenue expansion in the years to come. Importantly, they are delivering an improved dynamic for us today and enable us to confirm our financial objectives.” Cash Flow and Other Financial Highlights Net operating cash flow was €113 million and €530 million for the three and nine months ended September 30, 2015, respectively, compared to €90.1 and €444.7 million for the 2014 comparable periods. Year-to-date 2015 changes in working capital include the payment of €60 million in connection with ongoing tax proceedings. For the first nine months of 2015, the Company uses of cash were principally for cash dividends of €98.5 million, capital expenditures of €30.8 million, share repurchases of €28.0 million and payment for acquisitions of €18.1 million. The Company received cash for stock options exercised of €25.0 million. At September 30, 2015, the Company’s net financial position totaled €1.23 billion, compared to €825.5 million at December 31, 2014, reflecting an increase in cash, cash equivalents and short-term investments to €1.58 billion, compared to €1.18 billion at December 31, 2014, with long-term debt unchanged at €350.0 million. In October 2015, the Company entered into a new five year €650 million credit facility which was fully drawn down. On October 1, 2015 Dassault Systèmes unveiled SOLIDWORKS 2016, the latest release, delivering new and enhanced capabilities that will help its 2.7 million users quickly and easily innovate, design, validate, collaborate and build, from initial concept to final product. For Design, users can work smarter and get the CAD system out of the way with fewer “picks and clicks”, increased modeling flexibility, a more intuitive interface, and easier access to commands; for Collaboration, users can communicate, collaborate, and work concurrently across teams, disciplines, customers, and vendors with mechatronic design, concurrent design, and streamlined electrical/mechanical design; for Validation, innovative design simulation makes analysis more efficient to solve complex problems, visualize and verify functionality, and find potential errors before they occur; and for Manufacturing, users are now able to create more detailed outputs for manufacturing and shorten product development to manufacture while saving time and reducing errors. On September 14, 2015 the Company announced that India’s second largest manufacturer of Trucks and Buses, Ashok Leyland, has adopted two Dassault Systèmes Industry Solution Experiences: “Modular, Glocal and Secure” and “Target Zero Defect”. As part of its customer-centric activities, Ashok Leyland looked to enhance quality control and accelerate the delivery of its trucks and buses. In addition, the company wanted an efficient cost management solution that would address the complexity of its product portfolio as it tailors a diverse range of products to meet shifting market requirements. On July 23, 2015 the Company announced that Elixir Aircraft, a French aviation startup, selected Dassault Systèmes’ 3DEXPERIENCE platform for the industry’s first airplane designed using cloud-based applications. Elixir Aircraft will rely on Dassault Systèmes’ “Engineered to Fly” industry solution experience for the cloud-based design and engineering of its high-performing two-seater airplane, crafted to appeal to the passenger experience with a unique wing structure, comfort and gains in payload, safety and costs. On July 23, 2015 the Company announced that LF Corp, a leading fashion and lifestyle company in Asia, has selected the “My Collection” industry solution experience to streamline the planning, designing and sourcing of its collections. LF Corp is now supporting its international growth initiatives using powerful collaborative and analytical capabilities in a single digital environment. Based on the 3DEXPERIENCE platform, Dassault Systèmes’ “My Collection” industry solution experience provides LF Corp with unified development, sourcing and design capabilities, to simplify workflows and decision-making and minimize risks throughout its collections’ lifecycles. On July 27, 2015, the Company filed its 2015 Half-Year Financial Report with the French Autorité des marchés financiers. On September 4, 2015, an Extraordinary Shareholders’ meeting was held. At the meeting shareholders’ ratified all the resolutions presented. Thibault de Tersant, Senior Executive Vice President, CFO, commented, “Our third quarter financial results were well aligned with our guidance. Thanks to broad-based growth in Europe and the Americas, we were able to absorb the short-term market volatility in Asia as well as high year-ago comparisons in that region. “Based upon our progress year-to-date, we confirm our two key 2015 financial goals - double-digits organic new licenses revenue growth in constant currencies and an organic improvement in our non-IFRS operating margin of 100 basis points. Year-to-date organic new licenses revenue increased 11% exclusive of any currency benefits and on an organic basis we have improved our operating margin by 80 basis points. “Turning to our outlook, thanks to our pipeline of opportunities with clients we see a strong finish to the year with a fourth quarter embedding organic double-digit new licenses revenue growth in constant currencies. We therefore reaffirm our 2015 financial objectives and upgrade them for currency upside from Q3 and the reversal of tax reserves. As a result, we now target a non-IFRS EPS objective of about €2.20, increasing 21% in comparison to last year.” The Company’s fourth quarter and full year 2015 financial objectives are as follows: 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 2015 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2015 currency exchange rates above: deferred revenue write-downs estimated at approximately €37 million, share-based compensation expense, estimated at approximately €35 million and amortization of acquired intangibles estimated at approximately €160 million. The above objectives do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses. Finally, these estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after October 22, 2015. Today, Thursday, October 22, 2015, Dassault Systèmes will first host a meeting in London, which will be simultaneously webcasted at 8:30 AM London time/9:30 AM Paris time and will then also 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 1 year. 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. 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. The Company’s current outlook for 2015 takes into consideration, among other things, an uncertain global economic environment. In light of the continuing uncertainties regarding economic, business, social and geopolitical conditions at the global level, the Company’s revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis. While the Company makes every effort to take into consideration this uncertain macroeconomic outlook, the Company’s business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of the Company’s products and services as described above, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results. In preparing such forward-looking statements, the Company has in particular assumed an average US dollar to euro exchange rate of US$1.15 per €1.00 for the 2015 fourth quarter and US$1.12 per €1.00 for the full year as well as an average Japanese yen to euro exchange rate of JPY135.0 to €1.00 for the fourth quarter and JPY134.8 to €1.00 for the full year; 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 the 2014 Document de Référence, filed with the AMF on March 24, 2015, and also available on the Company’s website www.3ds.com. Readers are cautioned that the supplemental non-IFRS financial 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, 2014 included in the Company’s 2014 Document de Référence filed with the AMF on March 24, 2015. 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, share-based compensation expense and related social charges, the amortization of acquired intangible assets, other operating 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 and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information. 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. 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 190,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com. CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3D VIA, 3DSWYM, BIOVIA, NETVIBES, 3DEXCITE are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries. Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, 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 and certain one-time tax effects. Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment. IFRS revenue variation as reported and in constant currencies *Variation compared to the same period in the prior year. * The consolidated balance sheet as of December 31, 2014 has been restated to reflect the finalized purchase price allocation for prior year business combinations. 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, 2014 filed with the AMF on March 24, 2015. 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. (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 related social charges, 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 and certain one-time tax effects. (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 256.5 million diluted shares for Q3 2015 and 255.5 million diluted shares for Q3 2014. 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, 2014 filed with the AMF on March 24, 2015. 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. (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 related social charges, 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 and certain one-time tax effects. (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 256.4 million diluted shares for YTD 2015 and 255.2 million diluted shares for YTD 2014.


News Article | April 5, 2013
Site: www.techworld.com

Previously, contract management at IT company Quintiq was mainly based on Excel. However, with the company’s rapid growth, it had become clear to everyone that the situation would become untenable in two or three years’ time. Download this report to find out more.

Discover hidden collaborations