Ansys Announces Financial Results With Record Q2 ACV and Revenue


ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
  Three Months Ended  Six Months Ended
(in thousands, except per share data) June 30,
2022
  June 30,
2021
  June 30,
2022
  June 30,
2021
Revenue:       
Software licenses $              208,981   $214,822   $              366,426   $347,426 
Maintenance and service                  264,869    231,832                    532,501    462,454 
Total revenue                  473,850    446,654                    898,927    809,880 
Cost of sales:       
Software licenses                      8,509       8,065                         16,945       15,671  
Amortization                     17,414       15,025                         34,666       29,974  
Maintenance and service                     36,564       41,068                         75,636       80,616  
Total cost of sales                     62,487       64,158                       127,247       126,261  
Gross profit                   411,363       382,496                       771,680       683,619  
Operating expenses:              
Selling, general and administrative                   170,383       160,410                       340,138       306,625  
Research and development                   108,941       100,879                       214,215       201,358  
Amortization                       4,029       4,434                           8,154       8,841  
Total operating expenses                   283,353       265,723                       562,507       516,824  
Operating income                   128,010       116,773                       209,173       166,795  
Interest income                          269       486                              796       1,003  
Interest expense                      (4,609 )     (3,336 )                        (7,576 )     (6,651 )
Other (expense) income, net                         (776 )     14,937                          (1,470 )     15,336  
Income before income tax provision                   122,894       128,860                       200,923       176,483  
Income tax provision                     24,094       35,144                         31,135       10,369  
Net income $                98,800     $ 93,716     $              169,788     $ 166,114  
Earnings per share – basic:              
Earnings per share $                     1.14     $ 1.08     $                     1.95     $ 1.91  
Weighted average shares                     87,001       87,168                         87,062       86,988  
Earnings per share – diluted:              
Earnings per share $                     1.13     $ 1.06     $                     1.94     $ 1.89  
Weighted average shares                     87,321       88,053                         87,535       88,019  
                               

/ Reconciliations of GAAP to Non-GAAP Measures (Unaudited)

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