| ANSYS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
| Consolidated Statements of Income | ||||||||||||||||||||
| (in thousands, except per share data) | ||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||
|
June 30,
2016 |
June 30,
2015 |
June 30,
2016 |
June 30,
2015 | |||||||||||||||||
| Revenue: | ||||||||||||||||||||
| Software licenses | $ | 141,087 | $ | 140,489 | $ | 267,138 | $ | 265,458 | ||||||||||||
| Maintenance and service | 104,982 | 94,996 | 204,837 | 187,808 | ||||||||||||||||
| Total revenue | 246,069 | 235,485 | 471,975 | 453,266 | ||||||||||||||||
| Cost of sales: | ||||||||||||||||||||
| Software licenses | 6,534 | 6,950 | 13,272 | 14,159 | ||||||||||||||||
| Amortization | 9,520 | 9,743 | 19,031 | 19,100 | ||||||||||||||||
| Maintenance and service | 20,957 | 21,092 | 39,993 | 40,414 | ||||||||||||||||
| Total cost of sales | 37,011 | 37,785 | 72,296 | 73,673 | ||||||||||||||||
| Gross profit | 209,058 | 197,700 | 399,679 | 379,593 | ||||||||||||||||
| Operating expenses: | ||||||||||||||||||||
| Selling, general and administrative | 64,259 | 63,524 | 122,028 | 120,273 | ||||||||||||||||
| Research and development | 47,443 | 42,646 | 92,115 | 82,655 | ||||||||||||||||
| Amortization | 3,201 | 5,035 | 6,359 | 10,112 | ||||||||||||||||
| Total operating expenses | 114,903 | 111,205 | 220,502 | 213,040 | ||||||||||||||||
| Operating income | 94,155 | 86,495 | 179,177 | 166,553 | ||||||||||||||||
| Interest expense | (59 | ) | (122 | ) | (145 | ) | (276 | ) | ||||||||||||
| Interest income | 1,077 | 795 | 2,027 | 1,451 | ||||||||||||||||
| Other income, net | 305 | 91 | 197 | 858 | ||||||||||||||||
| Income before income tax provision | 95,478 | 87,259 | 181,256 | 168,586 | ||||||||||||||||
| Income tax provision | 25,850 | 24,924 | 55,160 | 50,119 | ||||||||||||||||
| Net income | $ | 69,628 | $ | 62,335 | $ | 126,096 | $ | 118,467 | ||||||||||||
| Earnings per share – basic: | ||||||||||||||||||||
| Basic earnings per share | $ | 0.79 | $ | 0.69 | $ | 1.43 | $ | 1.32 | ||||||||||||
| Weighted average shares – basic | 87,638 | 89,866 | 87,876 | 89,962 | ||||||||||||||||
| Earnings per share – diluted: | ||||||||||||||||||||
| Diluted earnings per share | $ | 0.78 | $ | 0.68 | $ | 1.41 | $ | 1.29 | ||||||||||||
| Weighted average shares – diluted | 89,305 | 91,726 | 89,694 | 91,933 | ||||||||||||||||
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ANSYS, Inc. Reports Q2 2016 Financial Results Highlighting Solid Revenue, Margin and EPS Performance
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