Exhibit 99.1

Exa Reports Second Quarter Fiscal 2016 Financial Results

Revenue Increases 15% on a Constant Currency Basis

Burlington, Mass., September 1, 2015 – Exa^® Corporation (NASDAQ: EXA), a leading innovator of simulation software for product design and engineering, today announced financial results for the second quarter of fiscal 2016, which ended July 31, 2015.

Revenue Summary

	2Q16 (in millions)		2Q15 (in millions)		Growth Rate			Constant Currency Growth Rate
Total Revenue	$	15.5	$	14.8		4	%		15	%
License Revenue	$	13.0	$	12.3		5	%		16	%
Project Revenue	$	2.5	$	2.5		-2	%		10	%

“In the second quarter we continued our trend of delivering healthy constant currency revenue growth. License revenue grew faster than the overall growth rate at 16% on a constant currency basis. Project revenue growth was 10% on a constant currency basis and continues to support our efforts to demonstrate the strong value of our solutions to new customers and departments. Our focus continues to be converting our expanding project pipeline into even stronger license revenue growth,” said Stephen Remondi, President and Chief Executive Officer of Exa. “In addition, we continue to be optimistic about the growing adoption of ExaCLOUD as it facilitates customer implementation of our technology and we are making additional capacity investments to meet the growing demand. Revenue growth expectations for the year reflect our confidence, as customers increasingly leverage simulation to design their new products and as they continue to replace physical prototyping across our target markets.”

Second Quarter Fiscal 2016 Financial Highlights

Revenue

• Total revenue for the second quarter of fiscal 2016 was $15.5 million, an increase of 4% compared to $14.8 million in the comparable period in fiscal 2015. On a constant currency basis, total revenue increased 15% when compared with the corresponding period in fiscal 2015.

• License revenue was $13.0 million for the second quarter of fiscal 2016, compared to $12.3 million in the comparable period in fiscal 2015, representing an increase of 5%, or 16% on a constant currency basis.

• Project revenue was $2.5 million for the second quarter of fiscal 2016, consistent with the same period a year ago but an increase of 10% on a constant currency basis.

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Profitability

• GAAP loss from operations was $(0.8) million in the second quarter of fiscal 2016, compared to $(0.9) million in the comparable period in fiscal 2015.

• Non-GAAP loss from operations was $(0.2) million in the second quarter of fiscal 2016, compared to $(0.3) million in the comparable period in fiscal 2015.

• Adjusted EBITDA was $0.5 million in the second quarter of fiscal 2016, compared to $0.3 million in the comparable period in fiscal 2015.

• GAAP net loss was $(1.2) million in the second quarter of fiscal 2016, compared to GAAP net loss of $(1.0) million for the comparable period in fiscal 2015. GAAP net loss per share was $(0.08), based on 14.5 million diluted weighted average shares outstanding, compared to GAAP net loss per share of $(0.07) for the comparable period in fiscal 2015, based on 13.8 million diluted weighted average shares outstanding.

• Non-GAAP net loss was $(0.8) million, or $(0.06) per diluted share in the second quarter of fiscal 2016, compared to non-GAAP net loss of $(0.6) million, or $(0.05) per diluted share, in the comparable period in fiscal 2015.

Balance Sheet

• The company had $30.4 million in cash and cash equivalents as of July 31, 2015, compared to $39.8 million as of April 30, 2015.

Business Outlook

Based on information available as of today, Exa is providing third quarter and fiscal 2016 guidance as indicated below.

Third Quarter Fiscal 2016:

• Total revenue is expected to be in the range of $16.4 million to $17.2 million.

• Adjusted EBITDA is expected to be in the range of $0.4 million to $0.9 million.

• GAAP net loss is expected to be in the range of $(1.3) million to $(0.9) million.

• Non-GAAP net loss is expected to be in the range of $(1.0) million to $(0.5) million.

• Basic share count for the second quarter is estimated to be 14.5 million shares.

• Diluted share count for the second quarter is estimated to be 14.9 million shares.

Full Year Fiscal 2016:

• Total revenue is expected to be in the range of $64.7 million to $67.0 million.

• Adjusted EBITDA is expected to be in the range of $1.8 million to $2.5 million.

• GAAP net loss is expected to be in the range of $(6.1) million to $(5.4) million.

• Non-GAAP net loss is expected to be in the range of $(4.6) million to $(3.8) million.

• Basic share count for the full year is estimated to be 14.5 million shares.

• Diluted share count for the full year is estimated to be 14.9 million shares.

The above guidance assumes an exchange rate of 1.13 US dollars per Euro and 118.0 Japanese yen per US dollar for fiscal year 2016.

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An explanation and reconciliation of historical and forward-looking non-GAAP measures presented above, including revenue on a constant currency basis, adjusted EBITDA and non-GAAP net income/(loss), to the comparable GAAP measures is provided below and in the attachments to this press release.

Conference Call Information

What:	Exa’s second quarter fiscal 2016 financial results conference call
When:	Tuesday, September 1, 2015
Time:	5:00 p.m. ET
Webcast:	http://investor.exa.com (live and replay)
Live Call:	(877) 878-2664, Domestic
	(970) 315-0423, International
Replay:	(855) 859-2056, Passcode 11332061, Domestic
	(404) 537-3406, Passcode 11332061, International

Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements, which are presented on a GAAP basis, we disclose revenue on a constant currency basis, non-GAAP income from operations, non-GAAP net income, non-GAAP net income per diluted share and Adjusted EBITDA. These non-GAAP measures are not in accordance with, or an alternative for, amounts determined in accordance with generally accepted accounting principles in the United States. The GAAP measure most comparable to revenue on a constant currency basis is GAAP revenue. The GAAP measure most comparable to non-GAAP income from operations is GAAP income from operations. The GAAP measure most comparable to Non-GAAP net income and Adjusted EBITDA is GAAP net income. The GAAP measure most comparable to Non-GAAP net income per diluted share is GAAP net income per diluted share. A reconciliation of these non-GAAP financial measures to the corresponding GAAP measure is included below.

We define revenue on a constant currency basis as GAAP revenue, adjusted to reverse the impact of changes in the average exchange rates of currencies in which our international operations generated revenue and incurred expenses.

We define Non-GAAP net income as net income, excluding the after tax impact of non-cash, stock-based compensation expense and the amortization of acquired intangibles. We define EBITDA as net income, excluding depreciation and amortization, interest expense, other income (expense), foreign exchange gain/(loss) and provision for income taxes, and we define Adjusted EBITDA as EBITDA, excluding non-cash, stock-based compensation expense.

Our management uses these non-GAAP measures when evaluating our operating performance and for internal planning and forecasting purposes. We believe that these measures help indicate underlying trends in our business, are important in comparing current results with prior period results, and are useful to investors and financial analysts in assessing our operating performance. For example, our international operations generate revenue and incur expenses that are denominated in foreign currencies. These amounts could be materially affected by currency fluctuations. Our principal

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exposures are to fluctuations in exchange rates for the United States dollar versus the Euro, British pound, Japanese yen, Chinese yuan and Korean won. Changes in currency exchange rates that are beyond our control can significantly affect our consolidated results of operations. We believe that disclosure of our revenue on a constant currency basis is useful as an indicator of demand for our solutions independent of the influence of currency exchange fluctuations. Management considers Adjusted EBITDA to be an important indicator of our operational strength and the performance of our business and a good measure of our historical operating trends. The non-GAAP financial information presented here should be considered in conjunction with, and not as a substitute for, or superior to, the financial information presented in accordance with GAAP and, in particular, should not be considered a measure of our liquidity. There are significant limitations associated with the use of non-GAAP financial measures. Further, these measures may differ from the non-GAAP information, even where similarly titled, used by other companies and therefore should not be used to compare our performance to that of other companies. Investors should carefully consider the attached reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures.

About Exa Corporation

Exa (Nasdaq: EXA) (www.exa.com) Corporation’s visualization and simulation software helps designers and engineers produce better vehicles and equipment. As a design evolves, Exa accurately predicts the performance of that design while providing actionable insight to optimize the performance of the product. With Exa, the need for costly physical prototypes and expensive late-stage changes is reduced. Now, designers and engineers are freed from the risk of producing compromised products that do not meet market and regulatory requirements. Some of the most successful product companies in the world use Exa, including BMW, Ford, Hyundai, Jaguar Land Rover, Kenworth, MAN, Nissan, Peterbilt, Renault, Scania, Toyota, Volkswagen and Volvo Trucks.

Safe Harbor Statement

This press release, including the section entitled “Business Outlook,” contains forward-looking statements describing our expectations concerning future events and our future financial performance. These statements are only predictions and may be inaccurate. Actual events or results may differ materially. In evaluating these statements, you should specifically consider various factors, including the risks outlined under “Risk Factors” in our Annual Report on Form 10-K for the year ended January 31, 2015 and in our other SEC filings. These factors may cause our actual results to differ materially from those described in our forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, our future results, levels of activity, performance or achievements may differ from our expectations. Other than as required by law, we do not undertake a responsibility to update any of the forward-looking statements after the date of this press release, even though our situation may change in the future.

Media Contact:

Michelle Murray-Ross, Exa Corporation

+1 (781) 564-0251

michelle@exa.com

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Investor Relations Contact:

Garo Toomajanian, ICR

+1 (781) 564-0337

investor@exa.com

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EXA CORPORATION

Consolidated Balance Sheets

(Unaudited)

(in thousands, except share and per share data)

	July 31, 2015			January 31, 2015
ASSETS
Current assets:
Cash and cash equivalents	$	30,406		$	21,785
Accounts receivable		6,303			27,462
Prepaid expenses and other current assets		3,375			3,098
Total current assets		40,084			52,345
Property and equipment, net		6,208			6,961
Intangible assets, net		2,220			2,395
Deferred tax assets		261			260
Other assets		1,024			1,092
Total assets	$	49,797		$	63,053
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	1,731		$	1,620
Accrued expenses		6,345			10,585
Current portion of deferred revenue		19,575			26,863
Current portion of capital lease obligations		1,824			2,390
Total current liabilities		29,475			41,458
Deferred revenue		25			38
Capital lease obligations		862			1,602
Deferred rent		871			472
Other long-term liabilities		498			592
Total liabilities		31,731			44,162
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding		—			—
Common stock, $0.001 par value; 30,000,000 shares authorized; 14,636,756 and 13,874,744 shares issued, respectively; 14,604,254 and 13,842,242 shares outstanding, respectively		15			14
Additional paid-in capital		90,410			88,181
Accumulated deficit		(71,961	)		(68,878	)
Treasury stock (32,502 common shares, at cost)		0			0
Accumulated other comprehensive loss		(398	)		(426	)
Total stockholders’ equity		18,066			18,891
Total liabilities and stockholders’ equity	$	49,797		$	63,053

EXA CORPORATION

Consolidated Statements of Operations and Comprehensive Loss

(Unaudited)

(in thousands, except share and per share data)

	Three Months Ended July 31,						Six Months Ended July 31,
	2015			2014			2015			2014
Revenue:
License revenue	$	12,977		$	12,316		$	25,219		$	23,976
Project revenue		2,478			2,527			5,004			4,637
Total revenues		15,455			14,843			30,223			28,613
Operating expenses (1):
Cost of revenues		4,755			4,632			9,398			9,228
Sales and marketing		2,440			2,509			4,928			5,076
Research and development		5,952			5,404			12,122			10,506
General and administrative (2)		3,126			3,217			6,393			6,339
Total operating expenses		16,273			15,762			32,841			31,149
Loss from operations		(818	)		(919	)		(2,618	)		(2,536	)
Other (expense) income, net:
Foreign exchange (loss) gain		(171	)		175			(223	)		131
Interest expense		(54	)		(94	)		(119	)		(177	)
Interest income		2			2			5			6
Other income, net		—			3			—			3
Total other (expense) income, net		(223	)		86			(337	)		(37	)
Loss before income taxes		(1,041	)		(833	)		(2,955	)		(2,573	)
Provision for income taxes		(154	)		(176	)		(128	)		(15,656	)
Net loss	$	(1,195	)	$	(1,009	)	$	(3,083	)	$	(18,229	)
Net loss per share:
Basic	$	(0.08	)	$	(0.07	)	$	(0.21	)	$	(1.34	)
Diluted	$	(0.08	)	$	(0.07	)	$	(0.21	)	$	(1.34	)
Weighted average shares outstanding used in computing net loss per share:
Basic		14,535,539			13,775,250			14,420,562			13,639,866
Diluted		14,535,539			13,775,250			14,420,562			13,639,866
Comprehensive loss:
Net loss	$	(1,195	)	$	(1,009	)	$	(3,083	)	$	(18,229	)
Foreign currency translation adjustments		(12	)		(75	)		28			(34	)
Comprehensive loss	$	(1,207	)	$	(1,084	)	$	(3,055	)	$	(18,263	)

(1) Includes stock-based compensation expense as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2015		2014		2015		2014
Cost of revenues	$	53	$	44	$	122	$	82
Sales and marketing		85		86		200		161
Research and development		185		191		426		347
General and administrative		168		179		357		280
Total	$	491	$	500	$	1,105	$	870

(2) Includes amortization expense related to intangible assets as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2015		2014		2015		2014
General and administrative	$	87	$	88	$	175	$	175

EXA CORPORATION

Consolidated Statements of Cash Flows

(Unaudited)

(in thousands)

	Six Months Ended July 31,
	2015			2014
Cash flows provided by operating activities:
Net loss	$	(3,083	)	$	(18,229	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		1,528			1,394
Stock-based compensation expense		1,105			870
Deferred rent expense		(179	)		(187	)
Deferred income taxes		—			15,215
Net change in operating assets and liabilities:
Accounts receivable		21,302			19,403
Prepaid expenses and other current assets		(276	)		(374	)
Other assets		68			(35	)
Accounts payable		112			181
Accrued expenses		(3,635	)		(4,058	)
Other liabilities		(93	)		2
Deferred revenue		(7,251	)		(9,387	)
Net cash provided by operating activities		9,598			4,795
Cash flows used in investing activities:
Purchases of property and equipment		(626	)		(577	)
Net cash used in investing activities		(626	)		(577	)
Cash flows used in financing activities:
Proceeds from stock option and warrant exercises		1,130			416
Payments of capital lease obligations		(1,301	)		(1,358	)
Net cash used in financing activities		(171	)		(942	)
Effect of exchange rate changes on cash		(180	)		(61	)
Net increase in cash and cash equivalents		8,621			3,215
Cash and cash equivalents, beginning of period		21,785			28,753
Cash and cash equivalents, end of period	$	30,406		$	31,968
Supplemental cash flow disclosures:
Cash paid for interest	$	119		$	177
Cash paid for income taxes	$	1,043		$	1,149
Supplemental disclosure of non-cash investing and financing activities:
Acquisition of equipment through capital leases	$	—		$	1,700

EXA CORPORATION

Reconciliation of historical Non-GAAP to GAAP measures

(Unaudited)

(in thousands, except per share data)

Adjusted EBITDA:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2015			2014			2015			2014
Net loss	$	(1,195	)	$	(1,009	)	$	(3,083	)	$	(18,229	)
Add back:
Depreciation and amortization		778			731			1,528			1,394
Interest expense, net		52			92			114			171
Other income, net		—			(3	)		—			(3	)
Foreign exchange loss (income)		171			(175	)		223			(131	)
Provision for income taxes		154			176			128			15,656
EBITDA		(40	)		(188	)		(1,090	)		(1,142	)
Stock-based compensation expense		491			500			1,105			870
Adjusted EBITDA	$	451		$	312		$	15		$	(272	)

Non-GAAP operating loss:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2015			2014			2015			2014
Operating loss	$	(818	)	$	(919	)	$	(2,618	)	$	(2,536	)
Add back:
Stock-based compensation expense		491			500			1,105			870
Amortization of acquired intangible assets		87			88			175			175
Non-GAAP operating loss	$	(240	)	$	(331	)	$	(1,338	)	$	(1,491	)

Non-GAAP net loss:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2015			2014			2015			2014
Net loss	$	(1,195	)	$	(1,009	)	$	(3,083	)	$	(18,229	)
Add back:
Stock-based compensation expense		491			500			1,105			870
Amortization of acquired intangible assets		87			88			175			175
Income tax effect (1)		(199	)		(203	)		(445	)		(363	)
Non-GAAP net loss	$	(816	)	$	(624	)	$	(2,248	)	$	(17,547	)

Non-GAAP net loss per diluted share:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2015			2014			2015			2014
Net loss per diluted share (2)	$	(0.08	)	$	(0.07	)	$	(0.21	)	$	(1.34	)
Add back:
Stock-based compensation expense		0.03			0.04			0.08			0.06
Amortization of acquired intangible assets		0.01			0.01			0.01			0.01
Income tax effect (1)		(0.02	)		(0.02	)		(0.03	)		(0.03	)
Non-GAAP net loss, per diluted share (2)(3):	$	(0.06	)	$	(0.05	)	$	(0.16	)	$	(1.29	)

(1) The tax effect of non-cash stock-based compensation expense and non-cash amortization of acquired intangibles is estimated using a blended rate equivalent to our statutory United States federal tax rate and our estimated state tax rate. The tax effect is exclusive of any impact from valuation allowances established against our United States net deferred tax assets and other discrete items. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities.

(2) Share amounts utilized on a fully diluted basis were approximately 14.5 million and 13.8 million for the three months ended July 31, 2015 and 2014, respectively, and 14.4 million and 13.6 million for the six months ended July 31, 2015 and 2014, respectively.

(3) Due to rounding, totals may not equal the sum of line items in the table above.

EXA CORPORATION

Reconciliation of forward looking Non-GAAP to GAAP measures

EBITDA and Adjusted EBITDA:

(in millions)	Three Months Ended October 31, 2015			Year Ended January 31, 2016
Net loss	$	(1.3) - (0.9	)	$	(6.1) - (5.4	)
Add back:
Depreciation and amortization		1.0			3.8
Interest expense, net		0.1			0.5
Provision for income taxes		0.1 - 0.2			1.6
EBITDA		(0.1) - 0.4			(0.2) - 0.5
Stock-based compensation expense		0.5			2.0
Adjusted EBITDA	$	0.4 - 0.9		$	1.8 - 2.5

Non-GAAP net loss:

(in millions)	Three Months Ended October 31, 2015			Year Ended January 31, 2016
Net loss	$	(1.3) - (0.9	)	$	(6.1) - (5.4	)
Add back:
Stock-based compensation expense		0.5			2.0
Amortization of acquired intangibles		0.1			0.4
Income tax effect (1)		(0.3) - (0.2	)		(0.9) - (0.8	)
Non-GAAP net loss	$	(1.0) - (0.5	)	$	(4.6) - (3.8	)

(1) Non-GAAP financial information is adjusted using a blended rate equivalent to our statutory United States federal tax rate and our estimated state tax rate. The tax effect is exclusive of any impact from valuation allowances established against our United States net deferred tax assets and other discrete items. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities.