| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||
| Condensed Consolidated Statements of Income | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
| (in thousands, except per share data) |
September 30,
2024 |
September 30,
2023 |
September 30,
2024 |
September 30,
2023 | |||||||||||
| Revenue: | |||||||||||||||
| Software licenses | $ | 276,948 | $ | 162,422 | $ | 720,501 | $ | 586,471 | |||||||
| Maintenance and service | 324,944 | 296,373 | 942,134 | 878,370 | |||||||||||
| Total revenue | 601,892 | 458,795 | 1,662,635 | 1,464,841 | |||||||||||
| Cost of sales: | |||||||||||||||
| Software licenses | 11,067 | 8,692 | 32,420 | 29,095 | |||||||||||
| Amortization | 21,890 | 20,707 | 66,759 | 60,404 | |||||||||||
| Maintenance and service | 36,152 | 35,858 | 107,952 | 111,750 | |||||||||||
| Total cost of sales | 69,109 | 65,257 | 207,131 | 201,249 | |||||||||||
| Gross profit | 532,783 | 393,538 | 1,455,504 | 1,263,592 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 233,065 | 194,552 | 681,331 | 585,278 | |||||||||||
| Research and development | 132,320 | 123,223 | 393,755 | 368,581 | |||||||||||
| Amortization | 5,860 | 5,947 | 18,125 | 16,598 | |||||||||||
| Total operating expenses | 371,245 | 323,722 | 1,093,211 | 970,457 | |||||||||||
| Operating income | 161,538 | 69,816 | 362,293 | 293,135 | |||||||||||
| Interest income | 13,292 | 4,909 | 36,495 | 12,389 | |||||||||||
| Interest expense | (12,318 | ) | (12,276 | ) | (36,925 | ) | (34,594 | ) | |||||||
| Other (expense) income, net | (1,257 | ) | 96 | (3,118 | ) | (3,564 | ) | ||||||||
| Income before income tax provision | 161,255 | 62,545 | 358,745 | 267,366 | |||||||||||
| Income tax provision | 33,063 | 7,043 | 65,741 | 41,716 | |||||||||||
| Net income | $ | 128,192 | $ | 55,502 | $ | 293,004 | $ | 225,650 | |||||||
| Earnings per share – basic: | |||||||||||||||
| Earnings per share | $ | 1.47 | $ | 0.64 | $ | 3.36 | $ | 2.60 | |||||||
| Weighted average shares | 87,399 | 86,817 | 87,266 | 86,814 | |||||||||||
| Earnings per share – diluted: | |||||||||||||||
| Earnings per share | $ | 1.46 | $ | 0.64 | $ | 3.34 | $ | 2.58 | |||||||
| Weighted average shares | 87,885 | 87,381 | 87,814 | 87,335 | |||||||||||
Ansys Announces Q3 Financial Results
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