ANSYS, INC. AND SUBSIDIARIES

Consolidated Statements of Income

(in thousands, except per share data)

(Unaudited)

Three Months Ended

March 31, 2012

March 31, 2011

  Revenue:

      Software licenses

$  113,554

$    95,867

      Maintenance and service

71,791

62,180

        Total revenue

185,345

158,047

    Cost of sales:

      Software licenses

5,996

2,894

      Amortization

10,214

7,498

      Maintenance and service

18,132

16,190

        Total cost of sales

34,342

26,582

    Gross profit

151,003

131,465

    Operating expenses:

      Selling, general and administrative

45,249

40,476

      Research and development

31,501

24,698

      Amortization

6,425

4,017

        Total operating expenses

83,175

69,191

    Operating income

67,828

62,274

    Interest expense

(818)

(803)

    Interest income

901

695

    Other expense

(616)

(514)

    Income before income tax provision

67,295

61,652

    Income tax provision

21,756

19,411

    Net income

$   45,539

$   42,241

    Earnings per share – basic:

      Basic earnings per share

$      0.49

$     0.46

      Weighted average shares – basic

92,817

91,767

    Earnings per share – diluted:

      Diluted earnings per share

$     0.48

$     0.45

      Weighted average shares – diluted

95,190

94,171