Revenue during the quarter grew 3.37 percent to $245.86 million from $237.84 million in the previous year period. Gross margin for the quarter expanded 91 basis points over the previous year period to 85.53 percent. Total expenses were 59.29 percent of quarterly revenues, down from 62.08 percent for the same period last year. This has led to an improvement of 280 basis points in operating margin to 40.71 percent.

Operating income for the quarter was $100.10 million, compared with $90.18 million in the previous year period.

Commenting on the Company's third quarter 2016 performance, Jim Cashman, ANSYS chief executive officer stated, "Overall, we delivered earnings results which exceeded our expectation, with strong gross and operating margins. Revenue growth, which was at the lower end of our revenue range, was impacted by an increase in leasing and lower year-over-year perpetual revenue due largely to a challenging comparison to Q3 2015. Our lease license revenues grew 7% in constant currency and our maintenance revenue grew 9% in constant currency, contributing to our recurring revenue base strengthening to 76% of revenue for the quarter. Germany, Japan, China and Taiwan led the performance, while we saw slower growth in North America and parts of Europe."

For financial year 2016, ANSYS, Inc. expects revenue to be in the range of $981 million to $990 million. It expects adjusted revenue to be in the range of $981 million to $990 million. It projects diluted earnings per share to be in the range of $2.96 to $3.03. It projects diluted earnings per share to be in the range of $3.59 to $3.64 on adjusted basis for the same period.

For the fourth-quarter, ANSYS, Inc. expects revenue to be in the range of $263 million to $272 million. It expects adjusted revenue to be in the range of $263 million to $272 million. It projects diluted earnings per share to be in the range of $0.77 to $0.83. It projects diluted earnings per share to be in the range of $0.94 to $0.99 on an adjusted basis for the same period.