Ansys Announces Financial Results With Record Q3 Revenue and ACV
1 Diluted weighted average shares were 87,176.
| |
Nine Months Ended |
| |
September 30, 2019 |
|
(in thousands, except percentages and per share data) |
Revenue | |
Gross Profit | |
% | |
Operating Income | |
% | |
Net Income | |
EPS - Diluted1 |
| Total GAAP | $ | 1,029,664 | | | $ | 912,987 | | | 88.7 | % | | $ | 329,324 | | | 32.0 | % | | $ | 285,443 | | | $ | 3.34 | |
| Acquisition accounting for deferred revenue | 6,249 | | | 6,249 | | | — | % | | 6,249 | | | 0.4 | % | | 6,249 | | | 0.07 | |
| Stock-based compensation expense | — | | | 6,024 | | | 0.6 | % | | 84,784 | | | 8.2 | % | | 84,784 | | | 0.98 | |
| Excess payroll taxes related to stock-based awards | — | | | 476 | | | — | % | | 4,516 | | | 0.4 | % | | 4,516 | | | 0.05 | |
| Amortization of intangible assets from acquisitions | — | | | 14,064 | | | 1.4 | % | | 25,406 | | | 2.5 | % | | 25,406 | | | 0.30 | |
| Transaction expenses related to business combinations | — | | | — | | | — | % | | 5,642 | | | 0.5 | % | | 5,642 | | | 0.07 | |
| Rabbi trust (income) / expense | — | | | — | | | — | % | | — | | | — | % | | (268 | ) | | — | |
| Adjustment related to the Tax Cuts and Jobs Act | — | | | — | | | — | % | | — | | | — | % | | (1,834 | ) | | (0.02 | ) |
| Adjustment for income tax effect | — | | | — | | | — | % | | — | | | — | % | | (39,654 | ) | | (0.46 | ) |
| Total non-GAAP | $ | 1,035,913 | | | $ | 939,800 | | | 90.7 | % | | $ | 455,921 | | | 44.0 | % | | $ | 370,284 | | | $ | 4.33 | |
