| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||
| Consolidated Statements of Income | |||||||||||||||
| (in thousands, except per share data) | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
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September 30,
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September 30,
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September 30,
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September 30,
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| Revenue: | |||||||||||||||
| Software licenses | $ | 76,395 | $ | 80,226 | $ | 220,020 | $ | 227,777 | |||||||
| Maintenance and service | 51,792 | 42,021 | 146,503 | 115,261 | |||||||||||
| Total revenue | 128,187 | 122,247 | 366,523 | 343,038 | |||||||||||
| Cost of sales: | |||||||||||||||
| Software licenses | 2,417 | 2,508 | 7,083 | 6,911 | |||||||||||
| Amortization | 9,005 | 8,120 | 27,002 | 18,072 | |||||||||||
| Maintenance and service | 12,295 | 13,959 | 36,820 | 41,041 | |||||||||||
| Restructuring charges | 172 | - | 670 | - | |||||||||||
| Total cost of sales | 23,889 | 24,587 | 71,575 | 66,024 | |||||||||||
| Gross profit | 104,298 | 97,660 | 294,948 | 277,014 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 31,719 | 36,071 | 98,114 | 92,933 | |||||||||||
| Research and development | 19,462 | 20,282 | 59,401 | 52,768 | |||||||||||
| Amortization | 4,115 | 3,011 | 12,134 | 7,362 | |||||||||||
| Restructuring charges | 1,370 | - | 2,178 | - | |||||||||||
| Total operating expenses | 56,666 | 59,364 | 171,827 | 153,063 | |||||||||||
| Operating income | 47,632 | 38,296 | 123,121 | 123,951 | |||||||||||
| Interest expense | (2,313) | (3,122) | (8,531) | (5,349) | |||||||||||
| Interest income | 425 | 1,672 | 1,354 | 4,480 | |||||||||||
| Other income (expense), net | 54 | (273) | (1,251) | 281 | |||||||||||
| Income before income tax provision | 45,798 | 36,573 | 114,693 | 123,363 | |||||||||||
| Income tax provision | 15,269 | 10,798 | 35,932 | 43,605 | |||||||||||
| Net income | $ | 30,529 | $ | 25,775 | $ | 78,761 | $ | 79,758 | |||||||
| Earnings per share – basic: | |||||||||||||||
| Basic earnings per share | $ | 0.35 | $ | 0.30 | $ | 0.89 | $ | 0.99 | |||||||
| Weighted average shares – basic | 88,284 | 85,687 | 88,292 | 80,831 | |||||||||||
| Earnings per share - diluted: | |||||||||||||||
| Diluted earnings per share | $ | 0.33 | $ | 0.29 | $ | 0.86 | $ | 0.94 | |||||||
| Weighted average shares – diluted | 91,640 | 90,117 | 91,621 | 84,614 | |||||||||||
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ANSYS Reports Solid Revenue Results with Strong Margins For Q3 2009
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