analysis tools may not be as affected by the overall economic downturn as other technology
areas. ANSYS reported both GAAP and non-GAAP data, to reflect the affects of the Ansoft
acquisition on the overall business; we’re sticking to GAAP since that is most directly
comparable to other companies in the space.
Total GAAP revenue in Q3 2008 was $122.2 million, up 30% over the $94.0 million reported
a year ago. Keep in mind that this total includes 2 months’ contribution from Ansoft; we
hope that ANSYS will quantify this contribution during the earnings conference call.
On a GAAP basis, software revenue was up 31% to $80.3 million, services was up 28% to
$42 million. Net income was reported as $25.8 million, up 38% from $18.7 million a year
ago.
ANSYS also released Q4 and 2009 guidance, in line with what analysts had been
expecting/predicting. For Q4, ANSYS sees GAAP revenue of between $137 million and
$141 million and for 2009, it sees overall GAAP revneue in the range of $602 million to $622
million.
More after the earnings call.
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