ANSYS Announces Q2 2017 Financial Results: An Excellent

ANSYS Announces Q2 2017 Financial Results: An Excellent Quarter Reflecting Record Q2 Revenue, EPS and Operating Cash Flows


ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
	Three Months Ended					Six Months Ended
*(in thousands, except per share data)*	June 30, 2017			June 30, 2016		June 30, 2017			June 30, 2016
Revenue:
Software licenses	$	149,880		$	141,087	$	291,788		$	267,138
Maintenance and service	114,044			104,982		225,541			204,837
Total revenue	263,924			246,069		517,329			471,975
Cost of sales:
Software licenses	7,525			6,534		16,802			13,272
Amortization	8,952			9,520		17,888			19,031
Maintenance and service	19,861			20,957		38,679			39,993
Total cost of sales	36,338			37,011		73,369			72,296
Gross profit	227,586			209,058		443,960			399,679
Operating expenses:
Selling, general and administrative	77,051			64,259		150,468			122,028
Research and development	49,002			47,443		103,380			92,115
Amortization	3,139			3,201		6,246			6,359
Total operating expenses	129,192			114,903		260,094			220,502
Operating income	98,394			94,155		183,866			179,177
Interest income	1,668			1,077		2,917			2,027
Other (expense) income, net	(190		)	246		(1,344		)	52
Income before income tax provision	99,872			95,478		185,439			181,256
Income tax provision	30,142			25,850		52,403			55,160
Net income	$	69,730		$	69,628	$	133,036		$	126,096
Earnings per share – basic:
Earnings per share	$	0.82		$	0.79	$	1.56		$	1.43
Weighted average shares	85,167			87,638		85,311			87,876
Earnings per share – diluted:
Earnings per share	$	0.80		$	0.78	$	1.53		$	1.41
Weighted average shares	86,895			89,305		87,060			89,694

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