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, designers, researchers and students across a broad spectrum of industries and academia. 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, Pa., U.S.A., with more than 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ more than 1,600 people and distribute ANSYS products through a network of channel partners in 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 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; results being indicative of
continued solid growth in the core business, the positive impact of the
integration of Ansoft operations, maintenance renewal rates returning to
pre-downturn levels, being off to a strong start in 2010, excitement
about the opportunities that lie ahead, being a leader in our industry,
remaining focused on the overall direction and health of the business,
expanding our global markets, continuing to develop and deliver
innovative simulation solutions to customers, our belief that
engineering simulation solutions remain a high priority for our
expanding customer base even in a challenging economic environment,
business pressures on our customers to deliver innovative, high quality
products to the markets with fewer resources never being greater, and
our unique balance of technology leadership, global and diversified
presence, solid business model and commitment to our vision positioning
us as a company for continued growth 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 of deterioration in the global economy, the risk
that adverse conditions in the global economy 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, 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 2009 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.