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ANSYS, INC. AND SUBSIDIARIES |
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Consolidated Statements of Income |
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(in thousands, except per share data) |
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(Unaudited) |
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Three Months Ended |
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March 31, 2009 |
March 31, 2008 |
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| Revenue: | |||||||
| Software licenses | $ | 70,489 | $ | 73,636 | |||
| Maintenance and service | 45,821 | 35,909 | |||||
| Total revenue | 116,310 | 109,545 | |||||
| Cost of sales: | |||||||
| Software licenses | 2,300 | 2,347 | |||||
| Amortization | 8,996 | 5,184 | |||||
| Maintenance and service | 12,332 | 13,376 | |||||
| Total cost of sales | 23,628 | 20,907 | |||||
| Gross profit | 92,682 | 88,638 | |||||
| Operating expenses: | |||||||
| Selling, general and administrative | 33,825 | 28,709 | |||||
| Research and development | 20,030 | 15,958 | |||||
| Amortization | 3,998 | 2,170 | |||||
| Total operating expenses | 57,853 | 46,837 | |||||
| Operating income | 34,829 | 41,801 | |||||
| Interest expense | (3,277 | ) | (985 | ) | |||
| Interest income | 569 | 1,596 | |||||
| Other (expense) income | (488 | ) | 932 | ||||
| Income before income tax provision | 31,633 | 43,344 | |||||
| Income tax provision | 10,538 | 17,490 | |||||
| Net income | $ | 21,095 | $ | 25,854 | |||
| Earnings per share – basic: | |||||||
| Basic earnings per share | $ | 0.24 | $ | 0.33 | |||
| Weighted average shares - basic | 88,866 | 78,302 | |||||
| Earnings per share – diluted: | |||||||
| Diluted earnings per share | $ | 0.23 | $ | 0.32 | |||
| Weighted average shares - diluted | 92,175 | 81,643 | |||||
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ANSYS, Inc. Reports First Quarter 2009 Results and Updates Outlook
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