CIMdata PLM Industry Summary Online Archive
1 November 2012
Financial News
ANSYS, Inc. Reports Record Third Quarter Results
Highlights
- GAAP revenue of $196.9 million and non-GAAP revenue of $199.8 million
- GAAP diluted earnings per share of $0.54 and non-GAAP diluted earnings per share of $0.74
- Operating cash flows of $70.4 million
- GAAP operating profit margin of 37.4% and non-GAAP operating profit margin of 51.0%
ANSYS, Inc. has announced third quarter 2012 results with total non-GAAP revenue up 12% as compared to Q3 2011, while non-GAAP net income increased 13% compared to Q3 2011. Year-to-date non-GAAP revenue and net income increased 17% and 16%, respectively, compared to the first nine months of 2011. Non-GAAP earnings per share increased 12% for the quarter and 15% for the first nine months of 2012, each as compared to the same period in 2011.
"We continue to have tremendous opportunity as demonstrated by these third quarter record results. However, we are facing a challenging and uncertain environment, which has led to a noticeable lengthening of procurement cycles," stated Jim Cashman, ANSYS president & CEO. "In spite of these realities, our business model provided strong earnings, which exceeded the guidance range, and revenues in the mid-range of our guidance. Customer interest remains strong, but we expect these macro-economic challenges and longer sales cycles to continue through the remainder of the year and into the next. At the core of the business, the long-term remains driven by customer reliance on our solutions to help fuel their internal innovation, while a strong balance sheet, cash flows, margins and recurring revenue base provide stability through the short-term economic ripples. With the upcoming release of ANSYS® 14.5, the breadth and depth of our engineering simulation portfolio continues to expand. We are well-positioned to continue to deliver long-term value to our customers and stockholders."
ANSYS' third quarter and year-to-date 2012 financial results are presented via the link below. The 2012 non-GAAP results exclude the income statement effects of acquisition accounting adjustments to deferred revenue, as well as the impact of stock-based compensation, acquisition-related amortization of intangible assets and transaction costs related to the acquisition of Esterel Technologies, Inc. The 2011 non-GAAP results exclude the income statement effects of acquisition accounting adjustments to deferred revenue, as well as the impact of stock-based compensation, acquisition-related amortization of intangible assets and transaction costs related to the acquisition of Apache Design, Inc.
To view an unabridged version of this press release, visit: http://anss.client.shareholder.com/releasedetail.cfm?ReleaseID=717771
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