ANSYS Reports Revenue and Earnings Growth for Fourth Quarter and

ANSYS Reports Revenue and Earnings Growth for Fourth Quarter and Fiscal Year 2009, Updates Outlook


ANSYS, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(in thousands, except per share data)
(Unaudited)

		Three Months Ended					Twelve Months Ended
		December 31, 2009		December 31, 2008			December 31, 2009		December 31, 2008
Revenue:
	Software licenses	$ 95,613		$	90,377		$ 315,633		$	318,154
	Maintenance and service	54,749			44,924		201,252			160,185

	Total revenue	150,362			135,301		516,885			478,339

Cost of sales:
	Software licenses	3,127			2,855		10,210			9,766
	Amortization	9,009			9,731		36,011			27,803
	Maintenance and service	13,201			12,804		50,021			53,845
	Restructuring charges	324			-		994			-
	Total cost of sales	25,661			25,390		97,236			91,414

Gross profit		124,701			109,911		419,649			386,925

Operating expenses:
	Selling, general and administrative	39,150			41,954		137,264			134,887
	Research and development	20,455			18,826		79,856			71,594
	Amortization	4,192			3,351		16,326			10,713
	Restructuring charges	548			-		2,726			-
	Total operating expenses	64,345			64,131		236,172			217,194

Operating income		60,356			45,780		183,477			169,731

Interest expense		(1,870	)		(3,993	)	(10,401	)		(9,342	)
Interest income		386			1,095		1,740			5,575
Other (expense) income, net		(36	)		446		(1,287	)		727

Income before income tax provision		58,836			43,328		173,529			166,691

Income tax provision		21,206			11,415		57,138			55,020

Net income		$ 37,630		$	31,913		$ 116,391		$	111,671

Earnings per share – basic:
	Basic earnings per share	$ 0.42		$	0.36		$ 1.32		$	1.35
	Weighted average shares – basic	89,067			89,406		88,486			82,975

Earnings per share - diluted:
	Diluted earnings per share	$ 0.41		$	0.34		$ 1.27		$	1.29
	Weighted average shares – diluted	92,277			93,230		91,785			86,768

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