ANSYS Reports First Quarter 2016 Financial Results

     

ANSYS, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(in thousands, except per share data)
(Unaudited)
    
  Three Months Ended
  March 31, 2016 March 31, 2015
Revenue:        
Software licenses $126,051  $124,969 
Maintenance and service  99,855   92,812 
         
Total revenue  225,906   217,781 
    
Cost of sales:   
Software licenses  6,738   7,209 
Amortization  9,511   9,357 
Maintenance and service  19,036   19,322 
Total cost of sales  35,285   35,888 
       
Gross profit  190,621   181,893 
    
    
Operating expenses:   
Selling, general and administrative  57,769   56,749 
Research and development  44,672   40,009 
Amortization  3,158   5,077 
Total operating expenses  105,599   101,835 
       
Operating income     85,022       80,058  
       
Interest expense     (86 )     (154 )
Interest income     950       656  
Other (expense) income, net     (108 )     767  
             
Income before income tax provision     85,778       81,327  
       
Income tax provision     29,310       25,195  
                 
Net income   $ 56,468     $ 56,132  
                 
Earnings per share – basic:      
Basic earnings per share   $ 0.64     $ 0.62  
Weighted average shares - basic     88,114       90,059  
       
Earnings per share – diluted:      
Diluted earnings per share   $ 0.63     $ 0.61  
Weighted average shares - diluted     90,084       92,140  

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