Ansys Announces Q3 2021 Financial Results With Record Q3 ACV,

Ansys Announces Q3 2021 Financial Results With Record Q3 ACV, Revenue and Cash Flow

ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)

	Three Months Ended						Nine Months Ended
*(in thousands, except per share data)*	September 30, 2021			September 30, 2020			September 30, 2021			September 30, 2020
Revenue:
Software licenses	$	200,394		$	141,622		$	547,820		$	398,793
Maintenance and service	240,774			225,343			703,228			658,818
Total revenue	441,168			366,965			1,251,048			1,057,611
Cost of sales:
Software licenses	8,289			7,251			23,960			20,688
Amortization	15,189			9,911			45,163			29,227
Maintenance and service	39,268			36,223			119,884			107,446
Total cost of sales	62,746			53,385			189,007			157,361
Gross profit	378,422			313,580			1,062,041			900,250
Operating expenses:
Selling, general and administrative	165,368			132,642			471,993			391,862
Research and development	102,023			86,616			303,381			258,861
Amortization	3,403			4,237			12,244			12,562
Total operating expenses	270,794			223,495			787,618			663,285
Operating income	107,628			90,085			274,423			236,965
Interest income	541			754			1,544			4,463
Interest expense	(2,943		)	(1,853		)	(9,594		)	(8,544		)
Other (expense) income, net	(1,328		)	1,158			14,008			3,169
Income before income tax provision	103,898			90,144			280,381			236,053
Income tax provision	18,556			14,517			28,925			17,798
Net income	$	85,342		$	75,627		$	251,456		$	218,255
Earnings per share – basic:
Earnings per share	$	0.98		$	0.88		$	2.89		$	2.55
Weighted average shares	87,239			85,798			87,072			85,749
Earnings per share – diluted:
Earnings per share	$	0.97		$	0.87		$	2.86		$	2.50
Weighted average shares	88,169			87,224			88,069			87,176

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