Ansys Announces Q2 Financial Results With Q2 Record Revenue,

Ansys Announces Q2 Financial Results With Q2 Record Revenue, ACV and Operating Cash Flow


ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
	Three Months Ended						Six Months Ended
*(in thousands, except per share data)*	June 30, 2020			June 30, 2019			June 30, 2020			June 30, 2019
Revenue:
Software licenses	$	169,341		$	170,499		$	257,171		$	293,543
Maintenance and service	216,320			198,136			433,475			392,222
Total revenue	385,661			368,635			690,646			685,765
Cost of sales:
Software licenses	8,511			6,204			13,437			10,912
Amortization	9,764			4,755			19,316			9,302
Maintenance and service	35,585			29,538			71,223			55,098
Total cost of sales	53,860			40,497			103,976			75,312
Gross profit	331,801			328,138			586,670			610,453
Operating expenses:
Selling, general and administrative	128,698			120,412			259,220			232,581
Research and development	86,133			75,302			172,245			146,040
Amortization	4,163			3,796			8,325			7,555
Total operating expenses	218,994			199,510			439,790			386,176
Operating income	112,807			128,628			146,880			224,277
Interest income	934			2,980			3,709			6,422
Interest expense	(3,040		)	(231		)	(6,691		)	(322		)
Other income (expense), net	1,884			(1,436		)	2,011			(1,770		)
Income before income tax provision	112,585			129,941			145,909			228,607
Income tax provision	16,021			20,191			3,281			32,627
Net income	$	96,564		$	109,750		$	142,628		$	195,980
Earnings per share – basic:
Earnings per share	$	1.13		$	1.31		$	1.66		$	2.34
Weighted average shares	85,651			83,978			85,724			83,871
Earnings per share – diluted:
Earnings per share	$	1.11		$	1.28		$	1.64		$	2.29
Weighted average shares	86,934			85,483			87,152			85,488

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