Ansys Announces Q2 Financial Results

ANSYS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income

(Unaudited)

	Three Months Ended						Six Months Ended
*(in thousands, except per share data)*	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Revenue:
Software licenses	$	283,232		$	204,897		$	443,553		$	424,049
Maintenance and service		310,906			291,702			617,190			581,997
Total revenue		594,138			496,599			1,060,743			1,006,046
Cost of sales:
Software licenses		11,309			8,659			21,353			20,403
Amortization		22,385			20,079			44,869			39,697
Maintenance and service		35,661			39,602			71,800			75,892
Total cost of sales		69,355			68,340			138,022			135,992
Gross profit		524,783			428,259			922,721			870,054
Operating expenses:
Selling, general and administrative		228,623			202,142			448,266			390,726
Research and development		132,624			125,023			261,435			245,358
Amortization		6,120			5,470			12,265			10,651
Total operating expenses		367,367			332,635			721,966			646,735
Operating income		157,416			95,624			200,755			223,319
Interest income		12,208			3,402			23,203			7,480
Interest expense		(12,238	)		(11,560	)		(24,607	)		(22,318	)
Other expense, net		(854	)		(3,483	)		(1,861	)		(3,660	)
Income before income tax provision		156,532			83,983			197,490			204,821
Income tax provision		26,498			14,457			32,678			34,673
Net income	$	130,034		$	69,526		$	164,812		$	170,148
Earnings per share – basic:
Earnings per share	$	1.49		$	0.80		$	1.89		$	1.96
Weighted average shares		87,332			86,696			87,199			86,813
Earnings per share – diluted:
Earnings per share	$	1.48		$	0.80		$	1.88		$	1.95
Weighted average shares		87,777			87,192			87,779			87,312

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