ANSYS, Inc. Reports Q2 2016 Financial Results Highlighting Solid

ANSYS, Inc. Reports Q2 2016 Financial Results Highlighting Solid Revenue, Margin and EPS Performance

ANSYS, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(in thousands, except per share data)
(Unaudited)

		Three Months Ended						Six Months Ended
		June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Revenue:
	Software licenses	$	141,087		$	140,489		$	267,138		$	265,458
	Maintenance and service		104,982			94,996			204,837			187,808

	Total revenue		246,069			235,485			471,975			453,266

Cost of sales:
	Software licenses		6,534			6,950			13,272			14,159
	Amortization		9,520			9,743			19,031			19,100
	Maintenance and service		20,957			21,092			39,993			40,414
	Total cost of sales		37,011			37,785			72,296			73,673

Gross profit			209,058			197,700			399,679			379,593

Operating expenses:
	Selling, general and administrative		64,259			63,524			122,028			120,273
	Research and development		47,443			42,646			92,115			82,655
	Amortization		3,201			5,035			6,359			10,112
	Total operating expenses		114,903			111,205			220,502			213,040

Operating income			94,155			86,495			179,177			166,553

Interest expense			(59	)		(122	)		(145	)		(276	)
Interest income			1,077			795			2,027			1,451
Other income, net			305			91			197			858

Income before income tax provision			95,478			87,259			181,256			168,586

Income tax provision			25,850			24,924			55,160			50,119

Net income		$	69,628		$	62,335		$	126,096		$	118,467

Earnings per share – basic:
	Basic earnings per share	$	0.79		$	0.69		$	1.43		$	1.32
	Weighted average shares – basic		87,638			89,866			87,876			89,962


Earnings per share – diluted:
	Diluted earnings per share	$	0.78		$	0.68		$	1.41		$	1.29
	Weighted average shares – diluted		89,305			91,726			89,694			91,933

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