Ansys Announces Q2 Financial Results


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


  Three Months Ended  Six Months Ended
(in thousands, except per share data) June 30,
2024
  June 30,
2023
  June 30,
2024
  June 30,
2023
Revenue:       
Software licenses $ 283,232  $204,897   $ 443,553  $424,049 
Maintenance and service  310,906   291,702    617,190   581,997 
Total revenue  594,138   496,599    1,060,743   1,006,046 
Cost of sales:              
Software licenses   11,309       8,659       21,353       20,403  
Amortization   22,385       20,079       44,869       39,697  
Maintenance and service   35,661       39,602       71,800       75,892  
Total cost of sales   69,355       68,340       138,022       135,992  
Gross profit   524,783       428,259       922,721       870,054  
Operating expenses:              
Selling, general and administrative   228,623       202,142       448,266       390,726  
Research and development   132,624       125,023       261,435       245,358  
Amortization   6,120       5,470       12,265       10,651  
Total operating expenses   367,367       332,635       721,966       646,735  
Operating income   157,416       95,624       200,755       223,319  
Interest income   12,208       3,402       23,203       7,480  
Interest expense   (12,238 )     (11,560 )     (24,607 )     (22,318 )
Other expense, net   (854 )     (3,483 )     (1,861 )     (3,660 )
Income before income tax provision   156,532       83,983       197,490       204,821  
Income tax provision   26,498       14,457       32,678       34,673  
Net income $ 130,034     $ 69,526     $ 164,812     $ 170,148  
Earnings per share – basic:              
Earnings per share $ 1.49     $ 0.80     $ 1.89     $ 1.96  
Weighted average shares   87,332       86,696       87,199       86,813  
Earnings per share – diluted:              
Earnings per share $ 1.48     $ 0.80     $ 1.88     $ 1.95  
Weighted average shares   87,777       87,192       87,779       87,312  



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