The EDA & MCAD/MCAE Almanac – Nominal Q2 2012
Chapters Three and Four – The Q2 2012 Financials
This is the OCTOBER 08, 2012 edition of the EDACafe.com COMMENTARY, entitled , “The EDA & MCAD/MCAE Almanac – Nominal Q2 2012, ” with subtitle , “Chapters Three and Four - The Q2 Financials.”
Today’s posting finally completes this particular issue of the “ EDA and MCAD/MCAE Almanac -- Nominal Q2 2012,” as a three-part multi-chapter combination of postings on three separate mid-2012 dates: July 27, August 14, and now October 08.
|NOTE: This multi-chapter combination approach was tried as an experiment to examine the potential benefits of describing EDA & MCAD/MCAE events that were related to one-another, but occurring at significantly different times over several months. While the concept has been ultimately successful, with the final portion of the 3-part experiment being consummated with today’s posting of key EDA and MCAD/MCAE Q2 Financials, the logistics of managing the data, information, release dates and editorial comparisons across the July – October time period, across three postings, and across four chapters have proved to be far too complicated to justify the inordinate effort of possible subsequent multi-chapter production of another such article in the near term.
Nevertheless, we may try it again in future should we perceive that improved coordination techniques have become available.
To cut to the chase, we're going immediately to the bottom line of the typical Almanac Report: The Revenue and Profit Tables 1 and 2 for selected EDA & MCAD/MCAE VENDORS that usually comes at the conclusion of each quarter's review. Besides, we’re already into the fourth quarter of the normal calendar, and Q3 2012 results will soon be available.
So here you will find one write up on a typical vendor as an example (this one is for ANSYS), followed by the Profit and loss Tables for all normally covered EDA and MCA/MCAE vendors. (The background which led up to these results is the described in an Appendix).
The G4 MCAD/MCAE Vendors Financial Results for Nominal Q2 2012
Typical Vendor Report
On August 2, 2012 ANSYS, Inc. (NASDAQ: ANSS) announced nominal second quarter 2012 financial results for the quarter ending June 30, 2012.
Q2 2012 Highlights
- GAAP revenue of $195.0 million
- GAAP diluted earnings per share of $0.53
- Operating cash flows of $74.9 million
- GAAP operating profit margin of 36.5%
- Total paid-up licenses increased 20% combined and organically, with the growth spread across a broad array of industries and all major product lines
- Repurchased 1 Million Shares in Q2
- Closed Esterel Acquisition and Reiterated Guidance
"Our earnings exceeded our guidance range and our revenues were in the upper half of our guidance range even after absorbing currency headwinds in excess of our guidance. All key metrics of our business were strong, including our balance sheet, cash flows and margins. In addition, we repurchased one million shares in the quarter. The fundamentals of the ANSYS business remain intact, bolstered by a recurring business rate of over 70%," stated Jim Cashman, ANSYS President and Chief Executive Officer.
"We believe our business model has demonstrated superior resiliency over a variety of economic cycles and can continue to drive profitable growth while we deliver on the ANSYS mission to lead innovation in engineering simulation. While there are obvious macro-economic issues that are affecting our customers' buying patterns, we continued to see an increased customer reliance on engineering innovation as a priority. This remains a focus as we continue to drive our long-term growth with continued investments in software development and customer engagement," continued Cashman.
"On August 1, 2012, we marked another milestone in achieving our vision of Simulation Driven Product Development(TM) as we completed the acquisition of Esterel Technologies," said Cashman. "The addition of Esterel builds on our formidable product line, now including embedded system simulation and certified code generation, further differentiating our solutions. This acquisition helps to extend our capabilities to encompass both hardware and software systems, enabling customers to gain greater insight into the behavior of the embedded software as it interacts with the hardware, strengthening our role as a strategic partner for our customers around the world. This acquisition also adds a market-leading, comprehensive team of talented and dedicated employees, whom we welcome to the ANSYS family," concluded Cashman.
ANSYS' Q2 2012 financial results are presented below.
revenue of $195.016 million in the second quarter of 2012, up 20.11% year-ove-year as compared to total GAAP revenue of $162.358 million in the second quarter of 2011; and up 5.22% over sequential total GAAP revenue of $185.345 million achieved in Q1 2012.