ANSYS, Inc. Reports Record Third Quarter Results That Highlight Strong Margins And EPS Overperformance

ANSYS, Inc. Reports Record Third Quarter Results That Highlight Strong Margins
                           And EPS Overperformance

Company Updates 2012 Guidance and Provides Preliminary 2013 Outlook

PR Newswire

PITTSBURGH, Nov. 1, 2012

PITTSBURGH, Nov. 1, 2012 /PRNewswire/ --

Highlights

  oGAAP revenue of $196.9 million and non-GAAP revenue of $199.8 million
  oGAAP diluted earnings per share of $0.54 and non-GAAP diluted earnings per
    share of $0.74
  oOperating cash flows of $70.4 million
  oGAAP operating profit margin of 37.4% and non-GAAP operating profit margin
    of 51.0%

ANSYS, Inc. (NASDAQ: ANSS) today announced third quarter 2012 results with
total non-GAAP revenue up 12% as compared to Q3 2011, while non-GAAP net
income increased 13% compared to Q3 2011. Year-to-date non-GAAP revenue and
net income increased 17% and 16%, respectively, compared to the first nine
months of 2011. Non-GAAP earnings per share increased 12% for the quarter and
15% for the first nine months of 2012, each as compared to the same period in
2011.

(Logo: http://photos.prnewswire.com/prnh/20110127/MM38091LOGO )

"We continue to have tremendous opportunity as demonstrated by these third
quarter record results. However, we are facing a challenging and uncertain
environment, which has led to a noticeable lengthening of procurement cycles,"
stated Jim Cashman, ANSYS president & CEO. "In spite of these realities, our
business model provided strong earnings, which exceeded the guidance range,
and revenues in the mid-range of our guidance. Customer interest remains
strong, but we expect these macro-economic challenges and longer sales cycles
to continue through the remainder of the year and into the next. At the core
of the business, the long-term remains driven by customer reliance on our
solutions to help fuel their internal innovation, while a strong balance
sheet, cash flows, margins and recurring revenue base provide stability
through the short-term economic ripples. With the upcoming release of ANSYS^®
14.5, the breadth and depth of our engineering simulation portfolio continues
to expand. We are well-positioned to continue to deliver long-term value to
our customers and stockholders."

ANSYS' third quarter and year-to-date 2012 financial results are presented
below. The 2012 non-GAAP results exclude the income statement effects of
acquisition accounting adjustments to deferred revenue, as well as the impact
of stock-based compensation, acquisition-related amortization of intangible
assets and transaction costs related to the acquisition of Esterel
Technologies, Inc. The 2011 non-GAAP results exclude the income statement
effects of acquisition accounting adjustments to deferred revenue, as well as
the impact of stock-based compensation, acquisition-related amortization of
intangible assets and transaction costs related to the acquisition of Apache
Design, Inc.

GAAP and non-GAAP results reflect:

  oTotal GAAP revenue of $196.9 million in the third quarter of 2012 as
    compared to $172.9 million in the third quarter of 2011; total GAAP
    revenue of $577.3 million in the first nine months of 2012 as compared to
    $493.2 million in the first nine months of 2011; total non-GAAP revenue of
    $199.8 million in the third quarter of 2012 as compared to $177.9 million
    in the third quarter of 2011; total non-GAAP revenue of $583.2 million in
    the first nine months of 2012 as compared to $498.2 million in the first
    nine months of 2011;
  oA GAAP operating profit margin of 37.4% in the third quarter of 2012 as
    compared to 37.8% in the third quarter of 2011; a GAAP operating profit
    margin of 36.8% in the first nine months of 2012 as compared to 39.0% in
    the first nine months of 2011; a non-GAAP operating profit margin of 51.0%
    in the third quarter of 2012 as compared to 50.6% in the third quarter of
    2011; a non-GAAP operating profit margin of 50.4% in the first nine months
    of 2012 as compared to 50.7% in the first nine months of 2011;
  oGAAP net income of $51.6 million in the third quarter of 2012 as compared
    to $45.5 million in the third quarter of 2011; GAAP net income of $147.4
    million in the first nine months of 2012 as compared to $133.2 million in
    the first nine months of 2011; non-GAAP net income of $70.4 million in the
    third quarter of 2012 as compared to $62.1 million in the third quarter of
    2011; non-GAAP net income of $201.5 million in the first nine months of
    2012 as compared to $174.1 million in the first nine months of 2011;
  oGAAP diluted earnings per share of $0.54 in the third quarter of 2012 as
    compared to $0.48 in the third quarter of 2011; GAAP diluted earnings per
    share of $1.55 in the first nine months of 2012 as compared to $1.41 in
    the first nine months of 2011; non-GAAP diluted earnings per share of
    $0.74 in the third quarter of 2012 as compared to $0.66 in the third
    quarter of 2011; non-GAAP diluted earnings per share of $2.12 in the first
    nine months of 2012 as compared to $1.85 in the first nine months of 2011;
    and
  oOperating cash flows of $70.4 million in the third quarter of 2012 as
    compared to $66.3 million in the third quarter of 2011; operating cash
    flows of $228.8 million in the first nine months of 2012 as compared to
    operating cash flows of $230.0 million in the first nine months of 2011.

The Company's GAAP results reflect stock-based compensation charges of
approximately $8.1 million ($6.0 million after tax) or $0.06 diluted earnings
per share for the third quarter of 2012 and approximately $23.9 million ($17.6
million after tax) or $0.19 diluted earnings per share for the first nine
months of 2012. The non-GAAP financial results highlighted above, and the
non-GAAP financial outlook for 2012 and 2013 discussed below, represent
non-GAAP financial measures. Reconciliations of these measures to the
appropriate GAAP measures for the three and nine months ended September 30,
2012 and 2011, and for the 2012 and 2013 financial outlook, are included in
the condensed financial information included in this release.

Management's Remaining 2012 and Preliminary 2013 Financial Outlook

The Company is providing its 2012 revenue and earnings per share guidance
below, as well as its preliminary outlook for 2013. The earnings per share
guidance is provided on both a GAAP and a non-GAAP basis. Non-GAAP revenue and
non-GAAP diluted earnings per share exclude charges for stock-based
compensation, the income statement effects of acquisition accounting for
deferred revenue, acquisition-related amortization of intangible assets and
acquisition-related expenses.

Fourth Quarter 2012 Guidance

The Company currently expects the following for the quarter ending December
31, 2012:

  oGAAP revenue in the range of $211.3 - $218.3 million
  oNon-GAAP revenue in the range of $215.0 - $222.0 million
  oGAAP diluted earnings per share of $0.49 - $0.55
  oNon-GAAP diluted earnings per share of $0.71 - $0.74

Fiscal Year 2012 Guidance

The Company currently expects the following for the fiscal year ending
December 31, 2012:

  oGAAP revenue in the range of $788.6 - $795.6 million
  oNon-GAAP revenue in the range of $798.2 - $805.2 million
  oGAAP diluted earnings per share of $2.04 - $2.10
  oNon-GAAP diluted earnings per share of $2.83 - $2.86

Fiscal Year 2013 Preliminary Outlook

The Company currently expects the following for the fiscal year ending
December 31, 2013:

  oGAAP revenue in the range of $880.6 - $905.6 million
  oNon-GAAP revenue in the range of $885.0 - $910.0 million
  oGAAP diluted earnings per share of $2.29 - $2.43
  oNon-GAAP diluted earnings per share of $3.00 - $3.12

These statements are forward-looking and actual results may differ
materially. 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 November 1,
2012 to discuss third quarter results. To participate in the live conference
call, dial 800-860-2442 (US) or 412-858-4600 (Canada & Int'l). The call will
be recorded and a replay will be available approximately two hours after the
call ends. The replay will be available for ten days by dialing 877-344-7529
(US) or 412-317-0088 (Canada and Int'l) and entering the pass code 10019986.
The archived webcast can be accessed, along with other financial information,
on ANSYS' website at http://investors.ansys.com.



ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
                                                September 30,  December 31,
                                                2012           2011
ASSETS:
Cash & short-term investments                   $555,341       $472,404
Accounts receivable, net                        77,861         84,602
Goodwill                                        1,252,706      1,225,375
Other intangibles, net                          368,980        383,420
Other assets                                    303,416        282,669
                 Total assets                   $2,558,304     $2,448,470
LIABILITIES & STOCKHOLDERS' EQUITY:
Deferred revenue                                $273,636       $259,155
Long-term debt (including current portion)      79,723         127,572
Other liabilities                               308,455        307,270
Stockholders' equity                            1,896,490      1,754,473
 Total liabilities & stockholders' equity   $2,558,304     $2,448,470



ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share data)
(Unaudited)
                            Three Months Ended        Nine Months Ended
                            September 30,  September  September 30,  September
                                           30,                       30,
                            2012                      2012
                                           2011                     2011
Revenue:
 Software licenses          $123,027       $104,477   $359,933       $297,780
 Maintenance and service    73,882         68,458     217,337        195,460
  Total revenue         196,909        172,935    577,270        493,240
Cost of sales:
 Software licenses          5,473          4,220      17,758         10,144
 Amortization           10,244         8,993      30,583         23,993
 Maintenance and service    18,039         17,814     54,494         51,535
  Total cost of sales   33,756         31,027     102,835        85,672
Gross profit                163,153        141,908    474,435        407,568
Operating expenses:
 Selling, general and       49,195         43,180     143,424        123,786
 administrative
 Research and development   33,506         28,899     98,422         78,779
 Amortization               6,800          4,500      19,975         12,587
  Total operating       89,501         76,579     261,821        215,152
 expenses
Operating income            73,652         65,329     212,614        192,416
Interest expense            (632)          (753)      (2,173)        (2,330)
Interest income             774            789        2,562          2,196
Other (expense) income, net (355)          78         (1,010)        (544)
Income before income tax    73,439         65,443     211,993        191,738
provision
Income tax provision        21,820         19,897     64,573         58,520
Net income                  $51,619        $45,546    $147,420       $133,218
Earnings per share – basic:
 Basic earnings per share   $0.56          $0.49      $1.59          $1.45
 Weighted average shares –  92,448         92,277     92,631         91,995
 basic
Earnings per share -
diluted:
 Diluted earnings per share $0.54          $0.48      $1.55          $1.41
 Weighted average shares –  94,755         94,445     94,958         94,268
 diluted



ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
(in thousands, except percentages and per share data)
                        Three Months Ended
                        September 30, 2012       September 30, 2011
                   As       Adjustments Non-GAAP As       Adjustments Non-GAAP
                   Reported             Results  Reported             Results

                   $196,909 $ 2,923(1) $199,832 $172,935 $4,925(4)   $177,860
Total revenue

                   73,652   28,265(2)   101,917  65,329   24,665(5)   89,994
Operating income

                   37.4%                51.0%    37.8%                50.6%
Operating profit
margin

                   $51,619  $18,815(3)  $70,434  $45,546  $16,557(6)  $62,103
Net income
Earnings per share
– diluted:


 Diluted         $0.54                $0.74    $0.48                $0.66
earnings per

 share


 Weighted
average            94,755               94,755   94,445               94,445

 shares -
diluted



(1) Amount represents the revenue not reported during the period as a result
of the acquisition accounting adjustment associated with accounting for
deferred revenue in business combinations.

(2) Amount represents $17.0 million of amortization expense associated with
intangible assets acquired in business combinations, $8.1 million of
stock-based compensation expense, the $2.9 million adjustment to revenue as
reflected in (1) above and $0.2 million of transaction expenses related to the
Esterel acquisition.

(3) Amount represents the impact of the adjustments to operating income
referred to in (2) above, adjusted for the related income tax impact of $9.5
million.

(4) Amount represents the revenue not reported during the period as a result
of the acquisition accounting adjustment associated with accounting for
deferred revenue in business combinations.

(5) Amount represents $13.5 million of amortization expense associated with
intangible assets acquired in business combinations, $6.1 million of
stock-based compensation expense, the $4.9 million adjustment to revenue as
reflected in (4) above and $0.2 million of transaction expenses related to the
Apache acquisition.

(6) Amount represents the impact of the adjustments to operating income
referred to in (5) above, adjusted for the related income tax impact of $8.1
million.



ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
(in thousands, except percentages and per share data)
                   Nine Months Ended
                   September 30, 2012            September 30, 2011
                   As       Adjustments Non-GAAP As       Adjustments Non-GAAP
                   Reported             Results  Reported             Results

                   $577,270 $5,916(1)   $583,186 $493,240 $4,925(4)   $498,165
Total revenue

                   212,614  81,264(2)   293,878  192,416  60,072(5)   252,488
Operating income

                   36.8%                50.4%    39.0%                50.7%
Operating profit
margin

                   $147,420 $54,040(3)  $201,460 $133,218 $40,917(6)  $174,135
Net income
Earnings per share
– diluted:


 Diluted         $1.55                $2.12    $1.41                $1.85
earnings per

 share


 Weighted
average            94,958               94,958   94,268               94,268

 shares -
diluted

(1) Amount represents the revenue not reported during the period as a result
of the acquisition accounting adjustment associated with accounting for
deferred revenue in business combinations.

(2) Amount represents $50.6 million of amortization expense associated with
intangible assets acquired in business combinations, $23.9 million of
stock-based compensation expense, the $5.9 million adjustment to revenue as
reflected in (1) above and $0.9 million of transaction expenses related to the
Esterel acquisition.

(3) Amount represents the impact of the adjustments to operating income
referred to in (2) above, adjusted for the related income tax impact of $27.2
million.

(4) Amount represents the revenue not reported during the period as a result
of the acquisition accounting adjustment associated with accounting for
deferred revenue in business combinations.

(5) Amount represents $36.6 million of amortization expense associated with
intangible assets acquired in business combinations, $16.6 million of
stock-based compensation expense, the $4.9 million adjustment to revenue as
reflected in (4) above and $2.0 million of transaction expenses related to the
Apache acquisition.

(6) Amount represents the impact of the adjustments to operating income
referred to in (5) above, adjusted for the related income tax impact of $19.2
million.



ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Forward-Looking Guidance
Quarter Ending December 31, 2012
                                                    Earnings Per Share Range –
                                                    Diluted
U.S. GAAP expectation                               $0.49 - $0.55
Adjustment to exclude acquisition accounting        $0.02 - $0.03
adjustment to deferred revenue
Adjustment to exclude acquisition–related           $0.11 - $0.12
amortization
Adjustment to exclude stock–based compensation      $0.06 - $0.07
Non-GAAP expectation                                $0.71 - $0.74



ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Forward-Looking Guidance
Year Ending December 31, 2012
                                                    Earnings Per Share Range –
                                                    Diluted
U.S. GAAP expectation                               $2.04 - $2.10
Adjustment to exclude acquisition accounting        $0.06 - $0.07
adjustment to deferred revenue
Adjustment to exclude acquisition–related           $0.44 - $0.45
amortization
Adjustment to exclude acquisition-related           $0.01
transaction costs
Adjustment to exclude stock–based compensation      $0.25 - $0.26
Non-GAAP expectation                                $2.83 - $2.86



ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Forward-Looking Guidance
Year Ending December 31, 2013
                                                    Earnings Per Share Range –
                                                    Diluted
U.S. GAAP expectation                               $2.29 - $2.43
Adjustment to exclude acquisition accounting        $0.03
adjustment to deferred revenue
Adjustment to exclude acquisition–related           $0.39 - $0.40
amortization
Adjustment to exclude stock–based compensation      $0.27 - $0.28
Non-GAAP expectation                                $3.00 - $3.12

Use of Non-GAAP Measures

The Company provides non-GAAP revenue, non-GAAP operating income, non-GAAP
operating profit margin, non-GAAP net income and non-GAAP diluted earnings per
share as supplemental measures to GAAP regarding the Company's operational
performance. These financial measures exclude the impact of certain items and,
therefore, have not been calculated in accordance with GAAP. A detailed
explanation of each of the adjustments to such financial measures is described
below. This press release also contains a reconciliation of each of these
non-GAAP financial measures to its most comparable GAAP financial measure.

Management uses non-GAAP financial measures (a) to evaluate the Company's
historical and prospective financial performance as well as its performance
relative to its competitors, (b) to set internal sales targets and spending
budgets, (c) to allocate resources, (d) to measure operational profitability
and the accuracy of forecasting, (e) to assess financial discipline over
operational expenditures and (f) as an important factor in determining
variable compensation for management and its employees. In addition, many
financial analysts that follow our Company focus on and publish both
historical results and future projections based on non-GAAP financial
measures. We believe that it is in the best interest of our investors to
provide this information to analysts so that they accurately report the
non-GAAP financial information. Moreover, investors have historically
requested, and the Company has historically reported, these non-GAAP financial
measures as a means of providing consistent and comparable information with
past reports of financial results.

While management believes that these non-GAAP financial measures provide
useful supplemental information to investors, there are limitations associated
with the use of these non-GAAP financial measures. These non-GAAP financial
measures are not prepared in accordance with GAAP, are not reported by all of
the Company's competitors and may not be directly comparable to similarly
titled measures of the Company's competitors due to potential differences in
the exact method of calculation. The Company compensates for these limitations
by using these non-GAAP financial measures as supplements to GAAP financial
measures and by reviewing the reconciliations of the non-GAAP financial
measures to their most comparable GAAP financial measures.

The adjustments to these non-GAAP financial measures, and the basis for such
adjustments, are outlined below:

Acquisition accounting for deferred revenue and its related tax impact.
Historically, the Company has consummated acquisitions in order to support the
Company's strategic and other business objectives. In accordance with the
fair value provisions applicable to the accounting for business combinations,
acquired deferred revenue is often recorded on the opening balance sheet at an
amount that is lower than the historical carrying value. Although this
acquisition accounting requirement has no impact on the Company's business or
cash flow, it adversely impacts the Company's reported GAAP revenue in the
reporting periods following an acquisition. In order to provide investors with
financial information that facilitates comparison of both historical and
future results, the Company provides non-GAAP financial measures which exclude
the impact of the acquisition accounting adjustment. The Company believes that
this non-GAAP financial adjustment is useful to investors because it allows
investors to (a) evaluate the effectiveness of the methodology and information
used by management in its financial and operational decision-making and (b)
compare past and future reports of financial results of the Company as the
revenue reduction related to acquired deferred revenue will not recur when
related annual lease licenses and software maintenance contracts are renewed
in future periods.

Amortization of intangibles from acquisitions and its related tax impact. The
Company incurs amortization of intangibles, included in its GAAP presentation
of amortization expense, related to various acquisitions it has made in recent
years. Management excludes these expenses and their related tax impact for the
purpose of calculating non-GAAP operating income, non-GAAP operating profit
margin, non-GAAP net income and non-GAAP diluted earnings per share when it
evaluates the continuing operational performance of the Company because these
costs are fixed at the time of an acquisition, are then amortized over a
period of several years after the acquisition and generally cannot be changed
or influenced by management after the acquisition. Accordingly, management
does not consider these expenses for purposes of evaluating the performance of
the Company during the applicable time period after the acquisition, and it
excludes such expenses when making decisions to allocate resources. The
Company believes that these non-GAAP financial measures are useful to
investors because they allow investors to (a) evaluate the effectiveness of
the methodology and information used by management in its financial and
operational decision-making and (b) compare past reports of financial results
of the Company as the Company has historically reported these non-GAAP
financial measures.

Stock-based compensation expense and its related tax impact. The Company
incurs expense related to stock-based compensation included in its GAAP
presentation of cost of software licenses, cost of maintenance and service,
research and development expense and selling, general and administrative
expense. Although stock-based compensation is an expense of the Company and
viewed as a form of compensation, management excludes these expenses for the
purpose of calculating non-GAAP operating income, non-GAAP operating profit
margin, non-GAAP net income and non-GAAP diluted earnings per share when it
evaluates the continuing operational performance of the Company. Specifically,
the Company excludes stock-based compensation during its annual budgeting
process and its quarterly and annual assessments of the Company's and
management's performance. The annual budgeting process is the primary
mechanism whereby the Company allocates resources to various initiatives and
operational requirements. Additionally, the annual review by the board of
directors during which it compares the Company's historical business model and
profitability to the planned business model and profitability for the
forthcoming year excludes the impact of stock-based compensation. In
evaluating the performance of senior management and department managers,
charges related to stock-based compensation are excluded from expenditure and
profitability results. In fact, the Company records stock-based compensation
expense into a stand-alone cost center for which no single operational manager
is responsible or accountable. In this way, management is able to review, on
a period-to-period basis, each manager's performance and assess financial
discipline over operational expenditures without the effect of stock-based
compensation. The Company believes that these non-GAAP financial measures are
useful to investors because they allow investors to (a) evaluate the Company's
operating results and the effectiveness of the methodology used by management
to review the Company's operating results, and (b) review historical
comparability in its financial reporting, as well as comparability with
competitors' operating results.

Transaction costs related to business combinations. The Company incurs
expenses for professional services rendered in connection with business
combinations, which are included in its GAAP presentation of selling, general
and administrative expense. These expenses are generally not tax-deductible.
Management excludes these acquisition-related transaction costs for the
purpose of calculating non-GAAP operating income, non-GAAP operating profit
margin, non-GAAP net income and non-GAAP diluted earnings per share when it
evaluates the continuing operational performance of the Company, as it
generally would not have otherwise incurred these expenses in the periods
presented as a part of its continuing operations. The Company believes that
these non-GAAP financial measures are useful to investors because they allow
investors to (a) evaluate the Company's operating results and the
effectiveness of the methodology used by management to review the Company's
operating results, and (b) review historical comparability in its financial
reporting, as well as comparability with competitors' operating results.

Non-GAAP financial measures are not in accordance with, or an alternative for,
generally accepted accounting principles in the United States. The Company's
non-GAAP financial measures are not meant to be considered in isolation or as
a substitute for comparable GAAP financial measures, and should be read only
in conjunction with the Company's consolidated financial statements prepared
in accordance with GAAP.

Pursuant to the requirements of Regulation G, the Company has provided a
reconciliation of the non-GAAP financial measures to the most directly
comparable GAAP financial measures as listed below:

GAAP Reporting Measure                      Non-GAAP Reporting Measure
 Revenue            Non-GAAP Revenue
 Operating Income          Non-GAAP Operating Income
 Operating Profit Margin      Non-GAAP Operating Profit Margin
 Net Income Non-GAAP Net Income
 Diluted Earnings Per Share     Non-GAAP Diluted Earnings Per
                                            Share

About ANSYS, Inc.

ANSYS brings clarity and insight to customers' most complex design challenges
through fast, accurate and reliable engineering simulation. Our technology
enables organizations ― no matter their industry ― to predict with confidence
that their products will thrive in the real world. Customers trust our
software to help ensure product integrity and drive business success through
innovation. Founded in 1970, ANSYS employs approximately 2,400 professionals,
many of them experts in engineering fields such as finite element analysis,
computational fluid dynamics, electronics and electromagnetics, and design
optimization. Headquartered south of Pittsburgh, Pennsylvania, U.S.A., ANSYS
has more than 65 strategic sales locations throughout the world with a network
of channel partners in 40+ countries. Visit www.ansys.com for more
information.

Forward-Looking Information

Certain statements contained in this press release regarding matters that are
not historical facts, including, but not limited to, statements regarding our
projections for revenue and earnings per share for the fourth quarter, fiscal
year 2012 and 2013 outlook (both GAAP and non-GAAP, as applicable, to exclude
purchase accounting for deferred revenue, acquisition-related amortization and
stock-based compensation expense), statements about management's views
concerning the Company's prospects and outlook for 2013, including statements
and projections relating to the impact of stock-based compensation, statements
regarding management's use of non-GAAP financial measures, statements
regarding the Company's fourth quarter and beyond visibility, statements
regarding the Company continuing to have tremendous opportunity, statements
regarding facing a challenging and uncertain environment and lengthening
procurement cycles, statements regarding the Company's customers' interest
level, statements regarding expecting macro-economic challenges and longer
sales cycles to continue through the remainder of the year and into the next,
statements regarding the long-term remaining driven by customer reliance on
the Company's solutions and the cause of that reliance, statements regarding
the strength of the Company's balance sheet, cash flows, margins and recurring
revenue base and their impact on the Company in the short term, statements
regarding the upcoming release of ANSYS 14.5, statements regarding the breadth
and depth of our engineering simulation portfolio continuing to expand, and
statements regarding the Company being well-positioned to continue to deliver
long-term value to our customers and stockholders, are "forward-looking"
statements (as defined in the Private Securities Litigation Reform Act of
1995). Because such statements are subject to risks and uncertainties, actual
results may differ materially from those expressed or implied by such
forward-looking statements. All forward-looking statements in this press
release are subject to risks and uncertainties including, but not limited to,
the risk that adverse conditions in the global economy and financial markets
will significantly affect ANSYS' customers' ability to make new purchases from
the Company or to pay for prior purchases, the risk of declines in the economy
of one or more of ANSYS' primary geographic regions, the risk that ANSYS'
operating results will be adversely affected by changes in currency exchange
rates, the risk that the assumptions underlying ANSYS' anticipated revenues
and expenditures will change or prove inaccurate, the risk that ANSYS has
overestimated its ability to maintain growth and profitability and control
costs, uncertainties regarding the demand for ANSYS' products and services in
future periods, the risk that ANSYS has overestimated the strength of the
demand among its customers for its products, uncertainties regarding customer
acceptance of new products, including the upcoming release of ANSYS 14.5, the
risk that ANSYS' operating results will be adversely affected by possible
delays in developing, completing, or shipping new or enhanced products, the
risk that enhancements to the Company's products may not produce anticipated
sales, the risk that third parties may misappropriate the Company's
proprietary technology or develop similar technology independently, the risk
of difficulties in the relationship with ANSYS' independent regional channel
partners, the risk that the expected income tax impacts of the merger of the
Company's Japan subsidiaries will not be realized in one or more future
periods, the risk that ANSYS may not achieve the perceived benefits of the
Esterel acquisition or that the integration of Esterel may not be successful,
and other factors that are detailed from time to time in reports filed by
ANSYS, Inc. with the Securities and Exchange Commission, including ANSYS,
Inc.'s 2011 Annual Report and Form 10-K. We undertake no obligation to
publicly update or revise any forward-looking statements, whether changes
occur as a result of new information or future events, after the date they
were made.

ANSYS and any and all ANSYS, Inc. brand, product, service and feature names,
logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or
its subsidiaries in the United States or other countries. All other brand,
product, service and feature names or trademarks are the property of their
respective owners.

ANSS-F



SOURCE ANSYS, Inc.

Website: http://www.ansys.com
Contact: Investors: Annette Arribas, CTP, +1-724-514-1782,
annette.arribas@ansys.com or Media: Jackie Mavin, +1-724-514-3053,
jackie.mavin@ansys.com