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ANSYS, INC. AND SUBSIDIARIES |
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| Consolidated Statements of Income | ||||||||||||||
| (in thousands, except per share data) | ||||||||||||||
| (Unaudited) | ||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||
|
June 30,
2009 |
June 30,
2008 |
June 30,
2009 |
June 30,
2008 |
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| Revenue: | ||||||||||||||
| Software licenses | $ 73,136 | $ 73,915 | $ 143,625 | $ 147,551 | ||||||||||
| Maintenance and service | 48,890 | 37,331 | 94,711 | 73,240 | ||||||||||
| Total revenue | 122,026 | 111,246 | 238,336 | 220,791 | ||||||||||
| Cost of sales: | ||||||||||||||
| Software licenses | 2,366 | 2,056 | 4,666 | 4,403 | ||||||||||
| Amortization of software and | ||||||||||||||
| acquired technology | 9,001 | 4,768 | 17,997 | 9,952 | ||||||||||
| Maintenance and service | 12,193 | 13,706 | 24,525 | 27,082 | ||||||||||
| Restructuring charges | 498 | - | 498 | - | ||||||||||
| Total cost of sales | 24,058 | 20,530 | 47,686 | 41,437 | ||||||||||
| Gross profit | 97,968 | 90,716 | 190,650 | 179,354 | ||||||||||
| Operating expenses: | ||||||||||||||
| Selling, general and administrative | 32,570 | 28,153 | 66,395 | 56,862 | ||||||||||
| Research and development | 19,909 | 16,528 | 39,939 | 32,486 | ||||||||||
| Amortization | 4,021 | 2,181 | 8,019 | 4,351 | ||||||||||
| Restructuring charges | 808 | - | 808 | - | ||||||||||
| Total operating expenses | 57,308 | 46,862 | 115,161 | 93,699 | ||||||||||
| Operating income | 40,660 | 43,854 | 75,489 | 85,655 | ||||||||||
| Interest expense | (2,941 | ) | (1,242 | ) | (6,218 | ) | (2,227 | ) | ||||||
| Interest income | 360 | 1,212 | 929 | 2,808 | ||||||||||
| Other (expense) income, net | (817 | ) | (378 | ) | (1,305 | ) | 554 | |||||||
| Income before income tax provision | 37,262 | 43,446 | 68,895 | 86,790 | ||||||||||
| Income tax provision | 10,125 | 15,317 | 20,663 | 32,807 | ||||||||||
| Net income | $ 27,137 | $ 28,129 | $ 48,232 | $ 53,983 | ||||||||||
| Earnings per share – basic: | ||||||||||||||
| Basic earnings per share | $ 0.31 | $ 0.36 | $ 0.55 | $ 0.69 | ||||||||||
| Weighted average shares – basic | 87,726 | 78,503 | 88,296 | 78,403 | ||||||||||
| Earnings per share - diluted: | ||||||||||||||
| Diluted earnings per share | $ 0.30 | $ 0.34 | $ 0.53 | $ 0.66 | ||||||||||
| Weighted average shares – diluted | 91,048 | 82,083 | 91,612 | 81,863 | ||||||||||
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ANSYS, Inc. Reports Second Quarter 2009 Results and Updates Outlook
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