Management’s Remaining 2010 Financial Outlook
The Company has provided its 2010 revenue and earnings per share guidance below. The earnings per share guidance is provided on both a GAAP basis and a non-GAAP basis. Non-GAAP diluted earnings per share excludes charges for stock-based compensation and acquisition-related amortization of intangible assets.
Third Quarter and Fiscal Year 2010 Guidance
The Company currently expects the following for the quarter ending September 30, 2010:
- Revenue in the range of $137.0 - $142.0 million
- GAAP diluted earnings per share of $0.34 - $0.37
- Non-GAAP diluted earnings per share of $0.46 - $0.49
The Company currently expects the following for the fiscal year ending December 31, 2010:
- Revenue in the range of $565 - $580 million
- GAAP diluted earnings per share of $1.47 - $1.55
- Non-GAAP diluted earnings per share of $1.95 - $2.03
These statements are forward-looking and actual results may differ materially. ANSYS is unable to predict the likely duration and severity of the current disruption in the domestic and global economies. Should these economic conditions continue to deteriorate further, it could result in ANSYS not meeting the guidance provided above and ANSYS’ operating results and financial performance could be adversely affected. Non-GAAP diluted earnings per share is a supplemental financial measure and should not be considered as a substitute for, or superior to, diluted earnings per share determined in accordance with GAAP.
Conference Call Information
ANSYS will hold a conference call at 10:30 a.m. Eastern Time on August 5, 2010 to discuss second quarter results. To participate in the live conference call, dial 800-860-2442 (US), 866-605-3852 (Canada) or 412-858-4600 (Int’l). The call will be recorded and a replay will be available approximately one hour after the call ends. The replay will be available for seven days by dialing 877-344-7529 (US), or 412-317-0088 (Canada and Int’l) and entering the passcode 437272. The archived webcast can be accessed, along with other financial information, on ANSYS’ website at http://investors.ansys.com.
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ANSYS, INC. AND SUBSIDIARIES |
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| Condensed Consolidated Balance Sheets | ||||||||||
| (in thousands) | ||||||||||
| (Unaudited) | ||||||||||
| June 30, 2010 | December 31, 2009 | |||||||||
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ASSETS: |
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| Cash & short-term investments | $ | 416,585 | $ | 343,844 | ||||||
| Accounts receivable, net | 63,522 | 67,084 | ||||||||
| Goodwill | 1,034,738 | 1,038,824 | ||||||||
| Other intangibles, net | 295,886 | 322,313 | ||||||||
| Other assets | 142,819 | 148,117 | ||||||||
| Total assets | $ | 1,953,550 | $ | 1,920,182 | ||||||
| LIABILITIES & STOCKHOLDERS' EQUITY: | ||||||||||
| Deferred revenue | $ | 190,410 | $ | 169,275 | ||||||
| Long-term debt (including current portion) | 170,275 | 225,426 | ||||||||
| Other liabilities | 190,315 | 212,850 | ||||||||
| Stockholders' equity | 1,402,550 | 1,312,631 | ||||||||
| Total liabilities & stockholders' equity | $ | 1,953,550 | $ | 1,920,182 | ||||||
