Ansys Announces Financial Results With Record Q2 ACV and Revenue

ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
	Three Months Ended						Six Months Ended
*(in thousands, except per share data)*	June 30, 2021			June 30, 2020			June 30, 2021			June 30, 2020
Revenue:
Software licenses	$	214,822		$	169,341		$	347,426		$	257,171
Maintenance and service	231,832			216,320			462,454			433,475
Total revenue	446,654			385,661			809,880			690,646
Cost of sales:
Software licenses	8,065			8,511			15,671			13,437
Amortization	15,025			9,764			29,974			19,316
Maintenance and service	41,068			35,585			80,616			71,223
Total cost of sales	64,158			53,860			126,261			103,976
Gross profit	382,496			331,801			683,619			586,670
Operating expenses:
Selling, general and administrative	160,410			128,698			306,625			259,220
Research and development	100,879			86,133			201,358			172,245
Amortization	4,434			4,163			8,841			8,325
Total operating expenses	265,723			218,994			516,824			439,790
Operating income	116,773			112,807			166,795			146,880
Interest income	486			934			1,003			3,709
Interest expense	(3,336		)	(3,040		)	(6,651		)	(6,691		)
Other income, net	14,937			1,884			15,336			2,011
Income before income tax provision	128,860			112,585			176,483			145,909
Income tax provision	35,144			16,021			10,369			3,281
Net income	$	93,716		$	96,564		$	166,114		$	142,628
Earnings per share – basic:
Earnings per share	$	1.08		$	1.13		$	1.91		$	1.66
Weighted average shares	87,168			85,651			86,988			85,724
Earnings per share – diluted:
Earnings per share	$	1.06		$	1.11		$	1.89		$	1.64
Weighted average shares	88,053			86,934			88,019			87,152

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