ANSYS, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(in thousands, except per share data)
(Unaudited)
		Three Months Ended
		March 31, 2016				March 31, 2015
Revenue:
Software licenses		$	126,051			$	124,969
Maintenance and service			99,855				92,812
Total revenue			225,906				217,781
Cost of sales:
Software licenses			6,738				7,209
Amortization			9,511				9,357
Maintenance and service			19,036				19,322
Total cost of sales			35,285				35,888
Gross profit			190,621				181,893
Operating expenses:
Selling, general and administrative			57,769				56,749
Research and development			44,672				40,009
Amortization			3,158				5,077
Total operating expenses			105,599				101,835
Operating income			85,022				80,058
Interest expense			(86	)			(154	)
Interest income			950				656
Other (expense) income, net			(108	)			767
Income before income tax provision			85,778				81,327
Income tax provision			29,310				25,195
Net income		$	56,468			$	56,132
Earnings per share – basic:
Basic earnings per share		$	0.64			$	0.62
Weighted average shares - basic			88,114				90,059
Earnings per share – diluted:
Diluted earnings per share		$	0.63			$	0.61
Weighted average shares - diluted			90,084				92,140

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