ANSYS Reports a Record Quarter
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Randall S. Newton, December 7, 2006 Engineering
analysis and simulation software firm ANSYS, Inc. (Nasdaq: ANSS), announced
a new company record for quarterly operating results and announced an
increase in its outlook for 2006.
ANSYS says it is stressing its non-GAAP results because of a one-time
charge of $28.1 million recorded in the second quarter of 2006 related to
in-process R&D associated with the May 2006 acquisition of Fluent, another
engineering analysis software firm. The non-GAAP results exclude the income
statement effects of stock-based compensation, purchase accounting for
deferred revenue, acquisition-related amortization of intangible assets and
the one-time acquired in-process research and development charge
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GAAP revenue was $70.1 million for the quarter; non-GAAP revenue was
$77.4 million. Both are compared to year-over revenue of $39.0 million in
the third quarter of 2005. Non-GAAP operating profit margin was 37.1%,
compared to 39.4% in the third quarter of 2005. Non-GAAP net income of $18.2
million in the third quarter of 2006 as compared to $11.9 million in the
third quarter of 2005.
ANSYS recorded GAAP net income of $8.4 million in the third quarter of
2006 as compared to GAAP net income of $11.2 million in the third quarter of
2005. Earnings per share for the quarter was $0.45, compared to $0.35
year-over.
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