Ansys Announces Financial Results With Record Q3 ACV and Revenue

ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
	Three Months Ended				Nine Months Ended
(in thousands, except per share data)	September 30,		September 30,		September 30,		September 30,
(in thousands, except per share data)	2022		2021		2022		2021
Revenue:
Software licenses	$	208,906	$	200,394	$	575,332	$	547,820
Maintenance and service		263,605		240,774		796,106		703,228
Total revenue		472,511		441,168		1,371,438		1,251,048
Cost of sales:
Software licenses		8,425		8,289		25,370		23,960
Amortization		17,281		15,189		51,947		45,163
Maintenance and service		36,261		39,268		111,897		119,884
Total cost of sales		61,967		62,746		189,214		189,007
Gross profit		410,544		378,422		1,182,224		1,062,041
Operating expenses:
Selling, general and administrative		175,283		165,368		515,421		471,993
Research and development		108,056		102,023		322,271		303,381
Amortization		3,821		3,403		11,975		12,244
Total operating expenses		287,160		270,794		849,667		787,618
Operating income		123,384		107,628		332,557		274,423
Interest income		1,345		541		2,141		1,544
Interest expense		(6,092)		(2,943)		(13,668)		(9,594)
Other (expense) income, net		(656)		(1,328)		(2,126)		14,008
Income before income tax provision		117,981		103,898		318,904		280,381
Income tax provision		22,006		18,556		53,141		28,925
Net income	$	95,975	$	85,342	$	265,763	$	251,456
Earnings per share – basic:
Earnings per share	$	1.10	$	0.98	$	3.05	$	2.89
Weighted average shares		87,063		87,239		87,062		87,072
Earnings per share – diluted:
Earnings per share	$	1.10	$	0.97	$	3.04	$	2.86
Weighted average shares		87,418		88,169		87,496		88,069

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