Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States. The Company's non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures, and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP.
Pursuant to the requirements of Regulation G, the Company has provided a reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures as listed below:
GAAP Reporting Measure |
Non-GAAP Reporting Measure |
||
Revenue | Non-GAAP Revenue | ||
Operating Profit | Non-GAAP Operating Profit | ||
Operating Profit Margin | Non-GAAP Operating Profit Margin | ||
Net Income | Non-GAAP Net Income | ||
Diluted Earnings Per Share | Non-GAAP Diluted Earnings Per Share |
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,700 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.
Forward Looking Information
Certain statements contained in the press release regarding matters that
are not historical facts, including, but not limited to, statements
regarding our projections for revenue and earnings per share for the
second quarter and fiscal year 2009 (both GAAP and non-GAAP, as
applicable, to exclude purchase accounting for deferred revenue,
acquisition-related amortization and stock-based compensation expense),
statements about management's views concerning the Company's prospects
and outlook for the remainder of 2009 and subsequent years, including
statements and projections relating to the impact of stock-based
compensation, statements regarding management's use of non-GAAP
financial measures, statements regarding the Company’s second quarter
and beyond visibility, statements regarding continued interest in our
product strategy and vision, statements regarding customers continuing
to wait for the economy to show more stability or improvement before
committing to increasing investment rates, statements regarding
anticipating and modulating the Company’s business model around
variables outside its control, statements regarding continuing to focus
on elements of business within the Company’s control such as resource
deployment and spending, statements regarding the Company’s strong
margins, solid recurring revenue and cash flows, and continued
profitability, statements regarding continuing to significantly extend
the breadth and depth of the Company’s world-class engineering
simulation platform and statements regarding the Company’s positive
position for the future are "forward-looking" statements (as defined in
the Private Securities Litigation Reform Act of 1995). Because such
statements are subject to risks and uncertainties, actual results may
differ materially from those expressed or implied by such
forward-looking statements. All forward-looking statements in this press
release are subject to risks and uncertainties. These include the risk
that the business of ANSYS and Ansoft may not be combined successfully
or such combination may take longer or cost more to accomplish than
expected, the risk that the variable pricing of the senior credit
facility may be less favorable than ANSYS anticipates, and the risk that
operating costs, customer loss and business disruption following the
acquisition of Ansoft may be greater than expected. Additional risks
include, but are not limited to, the risk that the adverse conditions in
the global economy and the disruption in financial markets will
significantly affect ANSYS’ customers’ ability to make new purchases
from the Company or to pay for prior purchases, the risk of continued or
increased declines in the economy of one or more of ANSYS’ primary
geographic regions, the risk that ANSYS’ operating results will be
adversely affected by changes in currency exchange rates, the risk that
the assumptions underlying ANSYS' anticipated revenues and expenditures
will change or prove inaccurate, the risk that ANSYS has overestimated
its ability to maintain growth and profitability and control costs,
uncertainties regarding the demand for ANSYS' products and services in
future periods, the risk that ANSYS has overestimated the strength of
the demand among its customers for its products, uncertainties regarding
customer acceptance of new products including ANSYS 12.0, the risk that
ANSYS' operating results will be adversely affected by possible delays
in developing, completing, or shipping new or enhanced products, risks
that enhancements to the Company's products may not produce anticipated
sales, the risk of difficulties in the relationship with ANSYS’
independent regional channel partners, and other factors that are
detailed from time to time in reports filed by ANSYS, Inc. with the
Securities and Exchange Commission, including ANSYS, Inc.'s 2008 Annual
Report and Form 10-K. We undertake no obligation to publicly update or
revise any forward-looking statements, whether changes occur as a result
of new information or future events, after the date they were made.