Dassault Systèmes Reports Organic Double-digit Revenue and Earnings Growth for the 2012 Second Quarter and First Half

Cash Flow and Other Financial Highlights

Net operating cash flow increased 27% to €188.1 million in the 2012 second quarter, compared to €147.6 million in the year-ago second quarter, reflecting principally growth in net income and working capital improvements. For the 2012 First Half, net operating cash flow was €353.8 million, increasing 26% in comparison to €281.3 million for the 2011 First Half.

In the 2012 second quarter, the Company paid cash dividends of €86.5 million in total; received cash of €41.5 million for stock options exercised and completed share repurchases totaling €71.9 million; and made additions to property, equipment and intangibles of €9.3 million.

The Company’s net financial position was €1.39 billion at June 30, 2012, compared to €1.15 billion at December 31, 2011, and was comprised of cash, cash equivalents and short-term investments less long-term debt and less the €200 million debt which became short term as of December 31, 2011. At June 30, 2012 compared to December 31, 2011, the Company’s cash, cash equivalents and short-term investments totaled €1.64 billion compared to €1.42 billion and total debt was €287.0 million compared to €301.3 million.

Annual Shareholders’ Meeting Approved 30% Increase in Cash Dividend Payment

At the Annual Shareholders’ Meeting held on June 7, 2012, shareholders approved the payment of an annual cash dividend equivalent to €0.70 per share for the fiscal year ended December 31, 2011, representing a 30% increase compared to the prior fiscal year. Since 2009, the Company has raised its annual cash dividend per share by 52%. The cash dividend was paid on June 26, 2012.

Summary Business, Technology and Corporate Highlights

Dassault Systèmes completes acquisition of Gemcom Software International (Gemcom), headquartered in Vancouver, Canada. On July 11, the Company acquired 100% of the geological modeling and simulation company Gemcom for approximately €292 million, less assumed liabilities, in an all cash transaction. Gemcom now champions the further development of Dassault Systèmes’ strategy of modeling the natural world, expanding 3DEXPERIENCE to Nature, with Rick Moignard, former CEO of Gemcom, becoming the CEO of the newly created GEOVIA brand.

Dassault Systèmes to spin-off Transcat PLM GmbH (Transcat). Dassault Systèmes, after the successful spin-off of its business partner Keonys in 2008, today announced Transcat spin-off, via a management buyout (MBO) of its sales and services subsidiary and long time development partner dedicated to customers of all sizes in Germany. The transaction builds on Dassault Systèmes’ strategy to strengthen its partners’ business success in each geography and enable a new level of partner-to-customer-to-user experience. Etienne Droit, former CATIA CEO, will become Managing Director of Transcat, alongside with Gehrard Keller and Günther Öhlschläger.

Philippe Laufer newly appointed CEO of CATIA brand. Currently head of CATIA R&D, Philippe has been with 3DS for 20+ years and has been instrumental in driving CATIA’s market leadership position. He also has deep industry knowledge of the 3DEXPERIENCE platform and its V6 architecture.

Dassault Systèmes Announces V6-Release-2013 of its 3DEXPERIENCE Platform, Continued Openness and Industry-specific Solutions Deliver Rapid Value Across Industry Experience. V6-Release-2013 of the 3DEXPERIENCE platform was introduced in June. This release delivers enhancements for all of the Company’s Brand Applications. V6-Release-2013 brings therefore new capabilities to numerous industries such as Aerospace and Defense, Transportation and Mobility, Marine and Offshore, Consumer Goods and Consumer Packaged Goods.

Dassault Systèmes Supports Industry Commitment to Codex of PLM Openness “Critical to Collaboration and Innovation”. In June, Dassault Systèmes announced its ongoing commitment to openness, continuing its support of the next phases of the Codex of PLM Openness, an initiative driven by automotive OEMs, suppliers and the ProSTEP iViP association. Since long a proponent of openness, Dassault Systèmes has architected its 3DEXPERIENCE platform to take full advantage of its 20+ years of research and development in infrastructure protocols and interoperability. The platform’s V6 architecture and its Web services infrastructure is compliant with a variety of interface standards and supports multiple exchange standards, such as STEP, IGES, FMI, AUTOSAR and JT. From open interoperability with competitive PDM, CAD and enterprise systems to thousands of publicly available APIs, the 3DEXPERIENCE platform has been developed from its inception to support openness.

Dassault Systèmes Continues to Expand Channel Diversification and Growth, while Preparing Partners to Embrace 3DEXPERIENCE. The 3DEXPERIENCE PARTNERS FORUM, with 220 key partners of its indirect Value Solutions sales channel, was held in Paris on July 10-12th. This worldwide event focused on best practices from the past years of successful channel management and growth, and how 3DEXPERIENCE is reshaping the way Dassault Systèmes’ partners provide support and opportunities to their customers.

Dassault Systèmes Launches “Smart, Safe & Connected Car” Industry Solution Experience. On July 11th, Dassault Systèmes launched a new industry solution experience for the automotive segment, “Smart, Safe & Connected Car” - a solution that accelerates the development of embedded systems while achieving ISO26262 safety standards and AUTOSAR compliancy.

SIMULIA Announces New Capabilities Powered by 3DEXPERIENCE Platform, Including New Online Learning Community, Next Generation Solutions for Multiphysics, Design Exploration, and SLM at its annual conference. Thought-leading presenters from a wide range of international manufacturing and research organizations, including 3M, Caterpillar, General Motors, Tetra Pak, Goodrich, Halliburton, Hyundai, Medtronic, and NASA, among others, held multiple industry sessions, focused on solving real-world engineering challenges through the use of SIMULIA’s scalable and robust solutions for unified finite element analysis, multiphysics simulation, design exploration, and simulation lifecycle management.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »

Review Article Be the first to review this article

Featured Video
Roberto FrazzoliEDACafe Editorial
by Roberto Frazzoli
Special Report: Machine Learning in EDA
More Editorial  
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Remembering Jim Hogan
Colin WallsEmbedded Software
by Colin Walls
Variable declarations in C – plenty of pitfalls
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
AUGER: Celebrating Our Users
Business Operations Planner for Global Foundaries at Santa Clara, California
Test and Measurement System Architect for Xilinx at San Jose, California
Technical Product Manager- SISW-EDA 238452 for Siemens AG at Fremont, California
ASIC Engineer for Amazon at seattle, Washington
Senior HID Sensor Algorithm Architect for Apple Inc at Cupertino, California
SerDes Applications Design Engineer for Xilinx at San Jose, California
Upcoming Events
ADAS Sensors 2021 at The Henry Hotel 300 Town Center Drive Dearborn MI - Apr 7 - 8, 2021
ISQED'21 - 22nd International Symposium at POB 607 Los Altos CA - Apr 7 - 9, 2021
SEMI MEMS & Sensors Industry Group (MSIG), MSTC 2021 at United States - Apr 13 - 15, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021

© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise