ANSYS, Inc. Reports Continued Growth Momentum in Second Quarter

ANSYS, Inc. Reports Continued Growth Momentum in Second Quarter 2010



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


	Three Months Ended					Six Months Ended
	June 30, 2010		June 30, 2009			June 30, 2010		June 30, 2009
Revenue:
Software licenses	$ 81,744		$	73,136		$ 163,330		$	143,625
Maintenance and service	56,023			48,890		110,490			94,711

Total revenue	137,767			122,026		273,820			238,336

Cost of sales:
Software licenses	2,310			2,366		4,919			4,666
Amortization of software and acquired technology	8,178			9,001		16,392			17,997
Maintenance and service	13,652			12,193		27,482			24,525
Restructuring charges	-			498		-			498
Total cost of sales	24,140			24,058		48,793			47,686

Gross profit	113,627			97,968		225,027			190,650

Operating expenses:
Selling, general and administrative	35,979			32,570		71,207			66,395
Research and development	21,390			19,909		43,977			39,939
Amortization	3,875			4,021		7,837			8,019
Restructuring charges	-			808		-			808
Total operating expenses	61,244			57,308		123,021			115,161

Operating income	52,383			40,660		102,006			75,489

Interest expense	(1,245	)		(2,941	)	(2,794	)		(6,218	)
Interest income	422			360		790			929
Other income (expense), net	139			(817	)	(368	)		(1,305	)

Income before income tax provision	51,699			37,262		99,634			68,895

Income tax provision	16,206			10,125		31,772			20,663

Net income	$ 35,493		$	27,137		$ 67,862		$	48,232

Earnings per share – basic:
Basic earnings per share	$ 0.39		$	0.31		$ 0.75		$	0.55
Weighted average shares – basic	90,614			87,726		90,289			88,296


Earnings per share - diluted:
Diluted earnings per share	$ 0.38		$	0.30		$ 0.73		$	0.53
Weighted average shares – diluted	93,146			91,048		92,960			91,612

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