Ansys announces third quarter 2009 results

Ansys Updates 2009 Outlook and Provides Preliminary 2010 Outlook.

SOUTHPOINTE, Pa - ANSYS, Inc. (NASDAQ: ANSS) today announced third quarter 2009 results.

Commenting on the Company’s third quarter 2009 performance, Jim Cashman, ANSYS president & CEO stated, “Our Q3 results continue to reflect a resilient business in a turbulent global economy. Our business model again delivered good operating margins and solid cash flows, driven by a relatively stable organic business in constant currencies. These results are a reflection of our strong value proposition, combined with strong customer relationships built over many years, and our dedicated employees. This also marks the one-year anniversary of the Ansoft acquisition and, even in the current macro environment, we have started to see some stabilization of this business.”

* Non-GAAP revenue of $128.8 million and GAAP revenue of $128.2 million
* Non-GAAP diluted earnings per share of $0.45, or $0.46 adjusted for restructuring charges and GAAP diluted earnings per share of $0.33
* Operating cash flows of $34.1 million
* Non-GAAP operating profit margin of 50.0%; GAAP operating profit margin of 37.2%

Cashman continued, “While we are still facing the realities of ongoing pressure on customer spending and prolonged sales cycles, ANSYS delivered revenue in the upper end of the guidance range, which resulted in overachievement in our non-GAAP earnings. Since we do not know the timing or shape of any global recovery, we have maintained our focus on improving our business and investing in initiatives that will drive our long-term performance, while also continuing our disciplined expense management practices. We are encouraged by our third quarter results and believe that the actions that we have taken to date should position us positively as demand improves.”