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CAD/CAM COLLABORATIVE DESIGN OUTLOOK: ANSYS MAINTAINS SOLID MOMENTUM IN THE SIMULATION SOFTWARE ARENA.

Article Excerpt
ANSYS, Inc. (Canonsburg, PA, 724-746-3304)(www.ansys.com)(Nasdaq: ANSS), founded in 1970 and a developer of simulation software for optimizing product development, continues to find growth opportunities, achieve solid momentum in its financial results, and to launch innovative products.

For the six months ended June 30, 2004, ANSYS posted total revenue of $63.3 million ($32.7 million in software revenue and $30.6 million in maintenance and service revenue), compared to $52.2 million ($26.4 million in software revenue and $25.8 million in maintenance and service revenue) for the comparable period a year earlier. In the January-June period in 2004, ANSYS had net income of $14.7 million, compared to about $7.6 million for the same period in 2003, and diluted earnings per share of $0.90, compared to $0.56 in the comparable period a year ago.

Excluding the adverse impact on reported software license revenue of purchase accounting adjustments related to the company's February 2003 acquisition of CFX and acquisition-related amortization, ANSYS had total adjusted (non-GAAP) revenue of $63.5 million (about $32.9 million in software license revenue and $30.6 million in maintenance and service revenues) in the first six months of 2004, compared to $53.8 million (about $28 million in software license revenue and $25.8 million in maintenance and service revenue) in the first six months of 2003; adjusted net income of $16.0 million in the first six months of 2004 (compared to $10.8 million in the comparable period in 2003); and adjusted diluted earnings per share of $0.97 (compared to $0.69 for six month period ended June 30, 2003).

"We are extremely pleased to report strong revenue, operating margins, earnings per share and cash flow results for the second quarter and first half of 2004," stated Jim Cashman, ANSYS' President and CEO. "Over the past several quarters, the Company has worked hard to integrate our diversified product and service offerings, grow sales and continue to...