Board of Directors Increases the Authorized Share Repurchase Program to Five Million Shares
Management Provides Initial Q1 2016 Outlook - Updates FY 2016 Outlook

Highlights

• Repurchase of 1.0 million shares in the fourth quarter and 3.8 million shares in FY 2015
• Deferred revenue and backlog of $504.0 million at December 31, 2015, an increase of 8% over 2014

Fourth Quarter 2015

• GAAP revenue of $251.6 million and non-GAAP revenue of $252.0 million
• GAAP diluted EPS of $0.75 and non-GAAP diluted EPS of $0.91
• Operating cash flows of $109.2 million
• GAAP operating profit margin of 38.5% and non-GAAP operating profit margin of 47.5%

Fiscal Year 2015

• GAAP revenue of $942.8 million and non-GAAP revenue of $944.5 million
• GAAP diluted EPS of $2.76 and non-GAAP diluted EPS of $3.42
• Operating cash flows of $367.5 million
• GAAP operating profit margin of 37.5% and non-GAAP operating profit margin of 47.5%

PITTSBURGH, Feb. 25, 2016 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ:ANSS) today reported fourth quarter and FY 2015 GAAP revenue growth of 4% and 8%, respectively, and non-GAAP revenue growth of 4% and 7%, respectively, all in constant currency.  Recurring revenue, which is comprised of lease license and annual maintenance revenue, totaled 70% of non-GAAP revenue for the fourth quarter and 72% for the year.

For the quarter, the Company reported non-GAAP diluted earnings per share of $0.91 and GAAP diluted earnings per share of $0.75. For the fiscal year, the Company achieved non-GAAP diluted earnings per share of $3.42 and GAAP diluted earnings per share of $2.76.

Jim Cashman, ANSYS president & CEO, stated, “The fourth quarter presented us with a combination of both challenges and opportunities.  Our earnings surpassed the high end of our expectations, while Q4 revenue came in at the low end of our expectations. Quarterly sales bookings showed strong improvement, exceeding the revenue growth rate, and contributed to a record total deferred revenue and backlog balance of $504 million.  Operating cash flows increased 18% over Q4 2014.”

He continued, “We also continued to return capital to our stockholders through the repurchase of 1.0 million shares in the fourth quarter, bringing our total 2015 repurchase to 3.8 million shares. During the year, we focused our efforts on expanding our direct sales capacity, investing in innovation and beginning a multiple-year journey of upgrading our infrastructure to support our ongoing growth goals.  While we did not accomplish all that we set out to do at the beginning of 2015, we believe that we are very well positioned as we enter 2016.”

Cashman concluded, “We continue to strongly execute on our strategic vision to drive growth through continuous product innovation.  In January 2016, we released ANSYS^® 17.0 - delivering the most comprehensive set of physics features that we’ve released in our 45-year history. We’ve improved performance by a full order of magnitude, giving 10x the productivity, 10x greater insight into product designs and 10x the performance to design and innovate more quickly and efficiently than ever.”  

ANSYS' fourth quarter and 2015 financial results are presented below. The 2015 and 2014 non-GAAP results exclude the income statement effects of acquisition accounting adjustments to deferred revenue, as well as the impact of stock-based compensation, acquisition-related amortization of intangible assets acquired in business combinations and transaction costs related to business combinations.