ANSYS Reports Strong Revenue and Earnings Growth for the First

ANSYS Reports Strong Revenue and Earnings Growth for the First Quarter and Increases 2010 Outlook

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

	Three Months Ended

	March 31, 2010			March 31, 2009
Revenue:
Software licenses	$	81,586		$	70,489
Maintenance and service		54,467			45,821

Total revenue		136,053			116,310

Cost of sales:
Software licenses		2,609			2,300
Amortization		8,214			8,996
Maintenance and service		13,830			12,332
Total cost of sales		24,653			23,628

Gross profit		111,400			92,682


Operating expenses:
Selling, general and administrative		35,228			33,825
Research and development		22,587			20,030
Amortization		3,962			3,998
Total operating expenses		61,777			57,853

Operating income		49,623			34,829

Interest expense		(1,549	)		(3,277	)
Interest income		368			569
Other expense		(507	)		(488	)

Income before income tax provision		47,935			31,633

Income tax provision		15,566			10,538

Net income	$	32,369		$	21,095

Earnings per share – basic:
Basic earnings per share	$	0.36		$	0.24
Weighted average shares - basic		89,964			88,866

Earnings per share – diluted:
Diluted earnings per share	$	0.35		$	0.23
Weighted average shares - diluted		92,774			92,175

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