ANSYS Announces Record Q2 2018 Financial Results: Driven by Strong Revenue and Earnings Growth


(in millions) Other Financial
Metrics
ACV$1,252.0 - $1,282.0
Operating cash flows$435.0 - $470.0

Conference Call Information

ANSYS will hold a conference call at 8:30 a.m. Eastern Time on August 7, 2018 to discuss second quarter results. The Company will provide its prepared remarks on the Company’s investor relations homepage and as an exhibit in its Form 8-K in advance of the call to provide shareholders and analysts with additional time and detail for analyzing its results in preparation for the conference call. The prepared remarks will not be read on the call and only brief remarks will be made prior to the Q&A session.

To participate in the live conference call, dial 855-239-2942 (US) or 412-542-4124 (Canada & Int’l). The call will be recorded and a replay will be available within two hours after the call. The replay will be available by dialing (877) 344-7529 (US), (855) 669-9658 (Canada) or (412) 317-0088 (Int’l) and entering the passcode 10122343. The archived webcast can be accessed, along with other financial information, on ANSYS' website at http://investors.ansys.com/events-and-presentations/events.aspx.


 
ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)
  ASC 606  ASC 605  ASC 605
(in thousands) June 30, 2018  June 30, 2018  December 31,
2017
ASSETS:     
Cash & short-term investments $ 696,163   $ 696,163  $881,787 
Accounts receivable, net 258,280   102,762  124,659 
Goodwill 1,575,276   1,575,276  1,378,553 
Other intangibles, net 229,654   229,654  157,625 
Other assets 298,877   412,034  398,999 
    Total assets $ 3,058,250   $ 3,015,889  $2,941,623 
LIABILITIES & STOCKHOLDERS' EQUITY:     
Current deferred revenue $ 306,879   $ 462,575  $440,491 
Other liabilities 243,892   239,601  255,301 
Stockholders' equity 2,507,479   2,313,713  2,245,831 
    Total liabilities & stockholders' equity $ 3,058,250   $ 3,015,889  $2,941,623 
            


 
ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
  Three Months Ended  Six Months Ended
  ASC 606   ASC 605   ASC 605   ASC 606   ASC 605   ASC 605
(in thousands, except per share data) June 30,
 2018
  June 30,
 2018
  June 30,
 2017
  June 30,
 2018
  June 30,
 2018
  June 30,
 2017
Revenue:                      
Software licenses $ 131,147     $ 161,193     $ 149,880     $ 241,193     $ 316,050     $ 291,788  
Maintenance and service 174,766     132,833     114,044     347,593     262,545     225,541  
    Total revenue 305,913     294,026     263,924     588,786     578,595     517,329  
Cost of sales:                      
Software licenses 4,099     8,444     7,525     8,010     16,590     16,802  
Amortization 9,087     9,087     8,952     17,873     17,873     17,888  
Maintenance and service 27,264     22,919     19,861     53,605     45,025     38,679  
    Total cost of sales 40,450     40,450     36,338     79,488     79,488     73,369  
Gross profit 265,463     253,576     227,586     509,298     499,107     443,960  
Operating expenses:                      
Selling, general and administrative 95,058     95,058     77,051     182,867     182,867     150,468  
Research and development 58,357     58,357     49,002     115,887     115,887     103,380  
Amortization 3,495     3,495     3,139     6,930     6,930     6,246  
    Total operating expenses 156,910     156,910     129,192     305,684     305,684     260,094  
Operating income 108,553     96,666     98,394     203,614     193,423     183,866  
Interest income 2,176     2,176     1,668     4,461     4,461     2,917  
Other expense, net (1,007 )   (1,007 )   (190 )   (1,315 )   (1,315 )   (1,344 )
Income before income tax provision 109,722     97,835     99,872     206,760     196,569     185,439  
Income tax provision 17,126     15,423     30,142     29,884     28,404     52,403  
Net income $ 92,596     $ 82,412     $ 69,730     $ 176,876     $ 168,165     $ 133,036  
Earnings per share – basic:                      
Earnings per share $ 1.10     $ 0.98     $ 0.82     $ 2.11     $ 2.00     $ 1.56  
Weighted average shares 84,105     84,105     85,167     84,018     84,018     85,311  
Earnings per share – diluted:                      
Earnings per share $ 1.08     $ 0.96     $ 0.80     $ 2.06     $ 1.95     $ 1.53  
Weighted average shares 85,986     85,986     86,895     86,069     86,069     87,060  
                                   

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



Review Article Be the first to review this article
Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Decent, but Decelerating, U.S. Jobs Recovery in July
Sanjay GangalNemetschek Group
by Sanjay Gangal
How BIM is Changing Bridge Engineering
Jobs
GIS Project Manager for VHB at Wethersfield, Connecticut
Applications Programmer Analyst II for Southern Nevada Health District at Las Vegas, Nevada
Applications Programmer Analyst I for Southern Nevada Health District at Las Vegas, Nevada
Upcoming Events
ICBEST 2020 at The Westin Bayshore Vancouver Canada - Aug 31 - 2, 2020
Urban Regeneration and Sustainability 2nd Edition conference at University of East London, London, UK University Way London E16 2RD London United Kingdom - Sep 8 - 10, 2020
Context Capture
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise