| 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 | |||||||||||
