ANSYS Reports Q2 2008 Financial Results

ANSYS, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Measures
For the three months ended June 30, 2008
(in thousands, except percentages and per share data)
(Unaudited)

As Reported

Adjustments

Non-GAAP Results
Total revenue $ 111,246 $ 111,246
Operating income 43,854 $ 9,999 (1) 53,853
Operating profit margin 39.4% 48.4%
Net income $ 28,129 $ 6,575 (2) $ 34,704
Earnings per share diluted:
Diluted earnings per share $ 0.34 $ 0.42
Weighted average shares diluted 82,083 82,083
(1) Amount represents $6.8 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list and non-compete agreements, and a $3.2 million charge for stock-based compensation.
(2) Amount represents the impact of the adjustments to operating income referred to in (1) above, adjusted for the related income tax impact of $3.4 million.

ANSYS, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Measures
For the three months ended June 30, 2007
(in thousands, except per share data)
(Unaudited)

As Reported

Adjustments

Non-GAAP Results
Total revenue $ 92,211 $ 69 (1) $ 92,280
Operating income 30,396 9,671 (2) 40,067
Operating profit margin 33.0% 43.4%
Net income $18,256 $ 6,365 (3) $ 24,621
Earnings per share diluted:
Diluted earnings per share $ 0.23 $ 0.30
Weighted average shares diluted 80,886 80,886

(1)

Amount represents the revenue not reported during the period as a result of the purchase accounting adjustment associated with EITF 01-3, "Accounting in a Business Combination for Deferred Revenue of an Acquiree."
(2) Amount represents $7.5 million of amortization expense associated with intangible assets acquired in business acquisitions, including amounts primarily related to acquired software, customer list and non-compete agreements, a $2.1 million charge for stock-based compensation, as well as the $69,000 adjustment to revenue as reflected in (1) above.
(3) Amount represents the impact of the adjustments to operating income referred to in (2) above, adjusted for the related income tax impact of $3.3 million.

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



Review Article Be the first to review this article
Rand3D

Featured Video
Jobs
Currently No Featured Jobs
Upcoming Events
Design for Metal Additive Manufacturing Short Course at Revere Hotel Boston Common 200 Stuart St Boston MA - Nov 27 - 28, 2017
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2017 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:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise