ANSYS, Inc. Reports First Quarter 2009 Results and Updates Outlook

ANSYS, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(in thousands, except per share data)
(Unaudited)

	Three Months Ended

	March 31, 2009			March 31, 2008
Revenue:
Software licenses	$	70,489		$	73,636
Maintenance and service		45,821			35,909

Total revenue		116,310			109,545

Cost of sales:
Software licenses		2,300			2,347
Amortization		8,996			5,184
Maintenance and service		12,332			13,376

Total cost of sales		23,628			20,907

Gross profit		92,682			88,638


Operating expenses:
Selling, general and administrative		33,825			28,709
Research and development		20,030			15,958
Amortization		3,998			2,170

Total operating expenses		57,853			46,837

Operating income		34,829			41,801

Interest expense		(3,277	)		(985	)
Interest income		569			1,596
Other (expense) income		(488	)		932

Income before income tax provision		31,633			43,344

Income tax provision		10,538			17,490

Net income	$	21,095		$	25,854

Earnings per share – basic:
Basic earnings per share	$	0.24		$	0.33
Weighted average shares - basic		88,866			78,302

Earnings per share – diluted:
Diluted earnings per share	$	0.23		$	0.32
Weighted average shares - diluted		92,175			81,643

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