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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