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 1,600 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more 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
first quarter and fiscal year 2010 (both GAAP and non-GAAP to exclude
acquisition-related amortization and stock-based compensation expense);
statements about management's views concerning the Company's prospects
in the remainder of 2010; statements and projections relating to the
impact of stock-based compensation; statements regarding our core thesis
being validated and amplified, simulation providing transformational
advantage to customers and aiding in survival of companies during
increasingly competitive times, the resiliency of our business model
over a wide range of economic environments, our demonstrated agility and
nimble response to tumult in the market, our ability to deliver solid
financial results, tight alignment with customers’ research and product
development priorities, our broad portfolio of solutions, solid
execution by our global workforce and channel partners, delivering
profitable growth, factors driving simulation remaining in full force,
anticipating ongoing pressure on customer capital spending, prolonged
sales cycles and our long-term enthusiasm 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, including, but not limited to, the risk that ANSYS
will not complete the integration of Ansoft as successfully as
anticipated, the risk of further deterioration in the global economy or
a continuation of the current global economic downturn, 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 including ANSYS 12.0, 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, as amended. 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.