Three Months Ended | |||||||||||||||||||
March 31, 2023 | |||||||||||||||||||
(in thousands, except percentages and per share data) | Gross Profit | % of Revenue | Operating Income | % of Revenue | Net Income | EPS - Diluted 1 | |||||||||||||
Total GAAP | $ | 441,795 | 86.7 | % | $ | 127,695 | 25.1 | % | $ | 100,622 | $ | 1.15 | |||||||
Stock-based compensation expense | 2,878 | 0.6 | % | 44,171 | 8.7 | % | 44,171 | 0.50 | |||||||||||
Excess payroll taxes related to stock-based awards | 284 | 0.1 | % | 4,076 | 0.8 | % | 4,076 | 0.05 | |||||||||||
Amortization of intangible assets from acquisitions | 19,618 | 3.8 | % | 24,799 | 4.8 | % | 24,799 | 0.28 | |||||||||||
Expenses related to business combinations | — | — | % | 2,192 | 0.4 | % | 2,192 | 0.03 | |||||||||||
Adjustment for income tax effect | — | — | % | — | — | % | (14,097 | ) | (0.16 | ) | |||||||||
Total non-GAAP | $ | 464,575 | 91.2 | % | $ | 202,933 | 39.8 | % | $ | 161,763 | $ | 1.85 |
Ansys Announces Q1 Financial Results
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1 Diluted weighted average shares were 87,780.
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