Ansys Announces Q3 Financial Results

ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
	Three Months Ended						Nine Months Ended
*(in thousands, except per share data)*	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
Revenue:
Software licenses	$	276,948		$	162,422		$	720,501		$	586,471
Maintenance and service		324,944			296,373			942,134			878,370
Total revenue		601,892			458,795			1,662,635			1,464,841
Cost of sales:
Software licenses		11,067			8,692			32,420			29,095
Amortization		21,890			20,707			66,759			60,404
Maintenance and service		36,152			35,858			107,952			111,750
Total cost of sales		69,109			65,257			207,131			201,249
Gross profit		532,783			393,538			1,455,504			1,263,592
Operating expenses:
Selling, general and administrative		233,065			194,552			681,331			585,278
Research and development		132,320			123,223			393,755			368,581
Amortization		5,860			5,947			18,125			16,598
Total operating expenses		371,245			323,722			1,093,211			970,457
Operating income		161,538			69,816			362,293			293,135
Interest income		13,292			4,909			36,495			12,389
Interest expense		(12,318	)		(12,276	)		(36,925	)		(34,594	)
Other (expense) income, net		(1,257	)		96			(3,118	)		(3,564	)
Income before income tax provision		161,255			62,545			358,745			267,366
Income tax provision		33,063			7,043			65,741			41,716
Net income	$	128,192		$	55,502		$	293,004		$	225,650
Earnings per share – basic:
Earnings per share	$	1.47		$	0.64		$	3.36		$	2.60
Weighted average shares		87,399			86,817			87,266			86,814
Earnings per share – diluted:
Earnings per share	$	1.46		$	0.64		$	3.34		$	2.58
Weighted average shares		87,885			87,381			87,814			87,335

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