ANSYS Reports Record Fourth Quarter And Fiscal Year 2016 Results


ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
 
  Three Months Ended  Twelve Months Ended
(in thousands, except per share data) December 31,
 2016
  December 31,
 2015
  December 31,
 2016
  December 31,
 2015
Revenue:       
Software licenses$161,506  $149,450  $568,174  $555,105 
Maintenance and service109,122  102,197  420,291  387,648 
Total revenue270,628  251,647  988,465  942,753 
Cost of sales:       
Software licenses9,155  8,057  28,860  29,105 
Amortization9,548  9,837  38,092  38,755 
Maintenance and service20,275  19,098  79,908  79,386 
Total cost of sales38,978  36,992  146,860  147,246 
Gross profit231,650  214,655  841,605  795,507 
Operating expenses:       
Selling, general and administrative85,950  71,963  269,515  253,603 
Research and development45,560  41,392  183,093  168,831 
Amortization3,174  4,357  12,755  19,394 
Total operating expenses134,684  117,712  465,363  441,828 
Operating income96,966  96,943  376,242  353,679 
Interest expense(46)   (221) (325)
Interest income1,099  704  4,209   2,829  
Other income (expense), net 47     153     85     582  
Income before income tax provision 98,066     97,800     380,315     356,765  
Income tax provision 28,083     29,779     114,679     104,244  
Net income $ 69,983     $ 68,021     $ 265,636     $ 252,521  
Earnings per share – basic:              
Earnings per share $ 0.81     $ 0.77     $ 3.05     $ 2.82  
Weighted average shares 86,198     88,626     87,227     89,561  
Earnings per share – diluted:              
Earnings per share $ 0.80     $ 0.75     $ 2.99     $ 2.76  
Weighted average shares 87,811     90,549     88,969     91,502  
                       

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