He continued, “During Q1, we signed an enterprise license agreement of over $10 million with one of our long-standing industrial equipment customers, successfully completing the largest displacement of a competitor’s mechanical code in our history, and ultimately proved that the ANSYS solutions are more capable, accurate and faster. As we have observed our customers’ historical buying preferences evolving, we have recently expanded our licensing offerings, introducing a new elastic licensing model in the first quarter. Providing usage-based access to virtually our entire portfolio is yet another significant differentiator for ANSYS and an additional means to reach a greater number of users.”
ANSYS' first quarter financial results are presented below.
| GAAP | Non-GAAP | ||||||||||||||||||
| (in millions, except EPS
and %’s) | Q1 2016 | Q1 2015 | %
Change | Q1 2016 | Q1 2015 | %
Change | |||||||||||||
| Revenue | $ | 225.9 | $ | 217.8 | 4 | % | $ | 226.0 | $ | 218.4 | 3 | % | |||||||
| Net income | $ | 56.5 | $ | 56.1 | 1 | % | $ | 69.4 | $ | 70.8 | (2 | %) | |||||||
| Earnings per share | $ | 0.63 | $ | 0.61 | 3 | % | $ | 0.77 | $ | 0.77 | 0 | % | |||||||
| Operating profit margin | 37.6 | % | 36.8 | % | 46.4 | % | 47.3 | % | |||||||||||
| Operating cash flow | $ | 108.6 | $ | 114.1 | (5 | %) | |||||||||||||
