Ansys Announces Financial Results With Record Q1 ACV, Revenue,

Ansys Announces Financial Results With Record Q1 ACV, Revenue, Diluted EPS and Operating Cash Flow

ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
	Three Months Ended
*(in thousands, except per share data)*	March 31, 2023			March 31, 2022
Revenue:
Software licenses	$	219,152		$	157,445
Maintenance and service		290,295			267,632
Total revenue		509,447			425,077
Cost of sales:
Software licenses		11,744			8,436
Amortization		19,618			17,252
Maintenance and service		36,290			39,072
Total cost of sales		67,652			64,760
Gross profit		441,795			360,317
Operating expenses:
Selling, general and administrative		188,584			169,755
Research and development		120,335			105,274
Amortization		5,181			4,125
Total operating expenses		314,100			279,154
Operating income		127,695			81,163
Interest income		4,078			527
Interest expense		(10,758	)		(2,967	)
Other expense, net		(177	)		(694	)
Income before income tax provision		120,838			78,029
Income tax provision		20,216			7,041
Net income	$	100,622		$	70,988
Earnings per share – basic:
Earnings per share	$	1.16		$	0.81
Weighted average shares		86,930			87,122
Earnings per share – diluted:
Earnings per share	$	1.15		$	0.81
Weighted average shares		87,431			87,750

/ Reconciliations of GAAP to Non-GAAP Measures (Unaudited)

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