Ansys Announces Financial Results With Record Q4 and FY 2022

Ansys Announces Financial Results With Record Q4 and FY 2022 ACV, Revenue, Diluted EPS and Operating Cash Flow

ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
	Three Months Ended						Twelve Months Ended
*(in thousands, except per share data)*	December 31, 2022			December 31, 2021			December 31, 2022			December 31, 2021
Revenue:
Software licenses	$	413,646		$	397,977		$	988,978		$	945,797
Maintenance and service		280,469			257,690			1,076,575			960,918
Total revenue		694,115			655,667			2,065,553			1,906,715
Cost of sales:
Software licenses		7,711			14,196			33,081			38,156
Amortization		17,425			15,599			69,372			60,762
Maintenance and service		36,291			39,182			148,188			159,066
Total cost of sales		61,427			68,977			250,641			257,984
Gross profit		632,688			586,690			1,814,912			1,648,731
Operating expenses:
Selling, general and administrative		257,450			243,384			772,871			715,377
Research and development		111,390			101,489			433,661			404,870
Amortization		3,747			2,969			15,722			15,213
Total operating expenses		372,587			347,842			1,222,254			1,135,460
Operating income		260,101			238,848			592,658			513,271
Interest income		3,576			534			5,717			2,078
Interest expense		(9,058	)		(2,811	)		(22,726	)		(12,405	)
Other income (expense), net		1,792			(1,598	)		(334	)		12,410
Income before income tax (benefit) provision		256,411			234,973			575,315			515,354
Income tax (benefit) provision		(1,536	)		31,802			51,605			60,727
Net income	$	257,947		$	203,171		$	523,710		$	454,627
Earnings per share – basic:
Earnings per share	$	2.96		$	2.33		$	6.02		$	5.22
Weighted average shares		87,017			87,186			87,051			87,100
Earnings per share – diluted:
Earnings per share	$	2.95		$	2.30		$	5.99		$	5.16
Weighted average shares		87,473			88,201			87,490			88,102

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