Ansys Inc

ANSS

Equity

ISIN US03662Q1058 / Valor 492019

NASDAQ (2024-09-18)

USD 313.39-1.22%

Ansys Inc
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About company

Ansys Inc is a leading provider of engineering simulation software, offering tools for CAD, physics-based simulation, and analysis to help users design and improve products and systems. The company also provides education, training, and support services. Ansys serves a wide range of industries, including high-tech, aerospace, automotive, energy, healthcare, and construction, with a global presence and over 6,200 employees worldwide. With an annual revenue exceeding $2.3B, Ansys is publicly traded on the NASDAQ-100 Index (ANSS) and is known for its multiphysics simulation software that enables innovators to push boundaries by leveraging the predictive power of simulation. Additionally, Ansys offers a Startup Program to help early-stage startups reduce physical prototype testing costs and access affordable simulation solutions to support their growth.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Ansys Inc. reported second quarter 2024 revenue of $594.1 million, marking a 20% increase in reported currency and a 22% increase in constant currency compared to the second quarter of 2023. This growth was driven by two significant multi-year contracts in the automotive and high-tech industries.

Earnings Per Share

For the second quarter of 2024, Ansys Inc. achieved GAAP diluted earnings per share of $1.48 and non-GAAP diluted earnings per share of $2.50. This represents a substantial increase from the second quarter of 2023, where GAAP diluted earnings per share were $0.80 and non-GAAP diluted earnings per share were $1.60.

Operating Profit Margin

Ansys Inc. reported a GAAP operating profit margin of 26.5% and a non-GAAP operating profit margin of 44.9% for the second quarter of 2024. These figures show a significant improvement from the same period in 2023, where the GAAP operating profit margin was 19.3% and the non-GAAP operating profit margin was 36.4%.

Annual Contract Value (ACV)

The annual contract value (ACV) for Ansys Inc. in the second quarter of 2024 was $520.5 million, reflecting a 7% growth in reported currency and a 9% growth in constant currency compared to the second quarter of 2023. This growth is indicative of the company's strong market position and customer demand.

Deferred Revenue and Backlog

As of June 30, 2024, Ansys Inc. reported deferred revenue and backlog totaling $1,394.0 million. This figure includes both current and long-term deferred revenue and backlog, highlighting the company's robust pipeline and future revenue potential.

Summarized from source with an LLMView Source

Key figures

0.47%1Y

-14.1%3Y

44.0%5Y

Performance

29.9%1Y

33.6%3Y

35.9%5Y

Volatility