ANSYS, Inc. Reports First Quarter 2009 Results and Updates Outlook

The preceding second quarter and fiscal year 2009 guidance excludes non-recurring pre-tax charges of approximately $4.5 - $5.7 million associated with headcount right-sizing initiatives that management estimates will be substantially finalized during the second quarter.

These statements are forward-looking and actual results may differ materially. ANSYS is unable to predict the likely duration and severity of the current disruption in the domestic and global economies. Should these economic conditions continue to deteriorate further, it could result in ANSYS not meeting the guidance provided above and ANSYS’ operating results and financial performance could be adversely affected. Non-GAAP diluted earnings per share is a supplemental financial measure and should not be considered as a substitute for, or superior to, diluted earnings per share determined in accordance with GAAP.

Conference Call Information

ANSYS will hold a conference call at 10:30 a.m. Eastern Time on May 7, 2009 to discuss first quarter results. To participate in the live conference call, dial 888-661-5182 (US & Canada) or 913-981-5580 (Int’l) and enter the passcode "ANSYS" or "26797". The call will be recorded and a replay will be available approximately two hours after the call ends. The replay will be available for one week by dialing 888-203-1112 or 719-457-0820 and entering the passcode "ANSYS" or "26797". The archived webcast can be accessed, along with other financial information, on ANSYS' website at http://www.ansys.com/corporate/investors.asp.

ANSYS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

 
 
 

March 31,

 

December 31,

2009

2008

ASSETS:
 
Cash & short-term investments $ 229,603 $ 233,875
Accounts receivable, net 53,445 61,823
Goodwill 1,045,250 1,048,003
Other intangibles, net 355,496 373,398
Other assets 140,774 147,415
 
Total assets $ 1,824,568 $ 1,864,514
 
LIABILITIES & STOCKHOLDERS' EQUITY:
 
Deferred revenue $ 177,776 $ 166,189
Long-term debt (including current portion) 271,962 279,425
Other liabilities 213,906 236,001
Stockholders' equity 1,160,924 1,182,899
 
Total liabilities & stockholders' equity $ 1,824,568 $ 1,864,514
 

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