Ansys Announces Financial Results With Record Q3 Cash Flow and

Ansys Announces Financial Results With Record Q3 Cash Flow and ACV

ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
	Three Months Ended						Nine Months Ended
*(in thousands, except per share data)*	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
Revenue:
Software licenses	$	162,422		$	208,906		$	586,471		$	575,332
Maintenance and service		296,373			263,605			878,370			796,106
Total revenue		458,795			472,511			1,464,841			1,371,438
Cost of sales:
Software licenses		8,692			8,425			29,095			25,370
Amortization		20,707			17,281			60,404			51,947
Maintenance and service		35,858			36,261			111,750			111,897
Total cost of sales		65,257			61,967			201,249			189,214
Gross profit		393,538			410,544			1,263,592			1,182,224
Operating expenses:
Selling, general and administrative		194,552			175,283			585,278			515,421
Research and development		123,223			108,056			368,581			322,271
Amortization		5,947			3,821			16,598			11,975
Total operating expenses		323,722			287,160			970,457			849,667
Operating income		69,816			123,384			293,135			332,557
Interest income		4,909			1,345			12,389			2,141
Interest expense		(12,276	)		(6,092	)		(34,594	)		(13,668	)
Other income (expense), net		96			(656	)		(3,564	)		(2,126	)
Income before income tax provision		62,545			117,981			267,366			318,904
Income tax provision		7,043			22,006			41,716			53,141
Net income	$	55,502		$	95,975		$	225,650		$	265,763
Earnings per share – basic:
Earnings per share	$	0.64		$	1.10		$	2.60		$	3.05
Weighted average shares		86,817			87,063			86,814			87,062
Earnings per share – diluted:
Earnings per share	$	0.64		$	1.10		$	2.58		$	3.04
Weighted average shares		87,381			87,418			87,335			87,496

/ Reconciliations of GAAP to Non-GAAP Measures (Unaudited)

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