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| ANSYS, INC. AND SUBSIDIARIES | ||||||||||||||
| Consolidated Statements of Income | ||||||||||||||
| (in thousands, except per share data) | ||||||||||||||
| (Unaudited) | ||||||||||||||
| Three Months Ended | Nine months Ended | |||||||||||||
|
Sept. 30, 2008 |
Sept. 30, 2007 |
Sept. 30, 2008 |
Sept. 30, 2007 |
|||||||||||
| Revenue: | ||||||||||||||
| Software licenses | $ 80,226 | $ | 61,099 | $ 227,777 | $ | 177,723 | ||||||||
| Maintenance and service | 42,021 | 32,935 | 115,261 | 96,381 | ||||||||||
| Total revenue | 122,247 | 94,034 | 343,038 | 274,104 | ||||||||||
| Cost of sales: | ||||||||||||||
| Software licenses | 2,508 | 2,236 | 6,911 | 6,756 | ||||||||||
| Amortization | 8,120 | 5,395 | 18,072 | 16,119 | ||||||||||
| Maintenance and service | 13,959 | 11,760 | 41,041 | 34,327 | ||||||||||
| Total cost of sales | 24,587 | 19,391 | 66,024 | 57,202 | ||||||||||
| Gross profit | 97,660 | 74,643 | 277,014 | 216,902 | ||||||||||
| Operating expenses: | ||||||||||||||
| Selling, general and administrative | 36,071 | 26,596 | 92,933 | 80,582 | ||||||||||
| Research and development | 20,282 | 14,198 | 52,768 | 40,846 | ||||||||||
| Amortization | 3,011 | 2,239 | 7,362 | 6,647 | ||||||||||
| Total operating expenses | 59,364 | 43,033 | 153,063 | 128,075 | ||||||||||
| Operating income | 38,296 | 31,610 | 123,951 | 88,827 | ||||||||||
| Interest expense | (3,122 | ) | (1,600 | ) | (5,349 | ) | (5,549 | ) | ||||||
| Interest income | 1,672 | 1,273 | 4,480 | 3,248 | ||||||||||
| Other (expense) income | (273 | ) | (337 | ) | 281 | (735 | ) | |||||||
| Income before income tax provision | 36,573 | 30,946 | 123,363 | 85,791 | ||||||||||
| Income tax provision | 10,798 | 12,250 | 43,605 | 32,688 | ||||||||||
| Net income | $ 25,775 | $ | 18,696 | $ 79,758 | $ | 53,103 | ||||||||
| Earnings per share – basic | ||||||||||||||
| Basic earnings per share | $ 0.30 | $ | 0.24 | $ 0.99 | $ | 0.68 | ||||||||
| Weighted average shares – basic | 85,687 | 77,981 | 80,831 | 77,653 | ||||||||||
| Earnings per share – diluted | ||||||||||||||
| Diluted earnings per share | $ 0.29 | $ | 0.23 | $ 0.94 | $ | 0.66 | ||||||||
| Weighted average shares – diluted | 90,117 | 81,196 | 84,614 | 80,938 | ||||||||||
