ANSYS Announces Q2 2017 Financial Results: An Excellent Quarter Reflecting Record Q2 Revenue, EPS and Operating Cash Flows


 
ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
   Three Months Ended   Six Months Ended
(in thousands, except per share data)  June 30,
 2017
   June 30,
 2016
   June 30,
 2017
   June 30,
 2016
Revenue:           
Software licenses $149,880   $141,087   $291,788   $267,138 
Maintenance and service 114,044   104,982   225,541   204,837 
Total revenue 263,924   246,069   517,329   471,975 
Cost of sales:           
Software licenses 7,525   6,534   16,802   13,272 
Amortization 8,952   9,520   17,888   19,031 
Maintenance and service 19,861   20,957   38,679   39,993 
Total cost of sales 36,338   37,011   73,369   72,296 
Gross profit 227,586   209,058   443,960   399,679 
Operating expenses:           
Selling, general and administrative 77,051   64,259   150,468   122,028 
Research and development 49,002   47,443   103,380   92,115 
Amortization 3,139   3,201   6,246    6,359  
Total operating expenses   129,192       114,903       260,094       220,502  
Operating income   98,394       94,155       183,866       179,177  
Interest income   1,668       1,077       2,917       2,027  
Other (expense) income, net   (190 )     246       (1,344 )     52  
Income before income tax provision   99,872       95,478       185,439       181,256  
Income tax provision   30,142       25,850       52,403       55,160  
Net income   $ 69,730       $ 69,628       $ 133,036       $ 126,096  
Earnings per share – basic:                      
Earnings per share   $ 0.82       $ 0.79       $ 1.56       $ 1.43  
Weighted average shares   85,167       87,638       85,311       87,876  
Earnings per share – diluted:                      
Earnings per share   $ 0.80       $ 0.78       $ 1.53       $ 1.41  
Weighted average shares   86,895       89,305       87,060       89,694  

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