| ANSYS, INC. AND SUBSIDIARIES |
| Condensed Consolidated Statements of Income |
| (Unaudited) |
| Three Months Ended | ||||||||
| (in thousands, except per share data) |
March 31,
2024 |
March 31,
2023 | ||||||
| Revenue: | ||||||||
| Software licenses | $ | 160,321 | $ | 219,152 | ||||
| Maintenance and service | 306,284 | 290,295 | ||||||
| Total revenue | 466,605 | 509,447 | ||||||
| Cost of sales: | ||||||||
| Software licenses | 10,044 | 11,744 | ||||||
| Amortization | 22,484 | 19,618 | ||||||
| Maintenance and service | 36,139 | 36,290 | ||||||
| Total cost of sales | 68,667 | 67,652 | ||||||
| Gross profit | 397,938 | 441,795 | ||||||
| Operating expenses: | ||||||||
| Selling, general and administrative | 219,643 | 188,584 | ||||||
| Research and development | 128,811 | 120,335 | ||||||
| Amortization | 6,145 | 5,181 | ||||||
| Total operating expenses | 354,599 | 314,100 | ||||||
| Operating income | 43,339 | 127,695 | ||||||
| Interest income | 10,995 | 4,078 | ||||||
| Interest expense | (12,369 | ) | (10,758 | ) | ||||
| Other expense, net | (1,007 | ) | (177 | ) | ||||
| Income before income tax provision | 40,958 | 120,838 | ||||||
| Income tax provision | 6,180 | 20,216 | ||||||
| Net income | $ | 34,778 | $ | 100,622 | ||||
| Earnings per share – basic: | ||||||||
| Earnings per share | $ | 0.40 | $ | 1.16 | ||||
| Weighted average shares | 87,067 | 86,930 | ||||||
| Earnings per share – diluted: | ||||||||
| Earnings per share | $ | 0.40 | $ | 1.15 | ||||
| Weighted average shares | 87,780 | 87,431 | ||||||
