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Exa Reports Third Quarter Fiscal 2017 Financial Results

License Revenue Increases 14% Profitability Metrics Continue to Strengthen

"We continued our momentum in the third quarter and delivered revenue that was in the middle of our guidance range and profitability that was above the high end of our guidance range," said Stephen Remondi, President and Chief Executive Officer of Exa. "With license revenue increasing 14% from a year ago, we continue to drive a shift in mix to higher-margin, recurring license revenue. Strong renewal activity in the quarter sets us up for a healthy finish to fiscal 2017 and start to fiscal 2018. We are pleased to achieve this performance while making important investments that will enable us to further capitalize on our position in the market and continue our growth."