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Mar 31, 2020
ANSYS Q1 2020 Earnings Report
ANSYS met Q1 revenue and earnings guidance, initiated Q2 outlook, and revised FY 2020 outlook due to COVID-19 developments, also completed the acquisition of Lumerical Inc.
Key Takeaways
ANSYS, Inc. reported first quarter GAAP revenue of $305.0 million and non-GAAP revenue of $308.9 million. The company reported earnings per share of $0.53 and $0.83 on a GAAP and non-GAAP basis, respectively. Despite a challenging global environment due to COVID-19, the company's revenue, earnings, and operating margin were near the middle of the guidance ranges.
GAAP revenue of $305.0 million and non-GAAP revenue of $308.9 million.
GAAP diluted earnings per share of $0.53 and non-GAAP diluted earnings per share of $0.83.
GAAP operating profit margin of 11.2% and non-GAAP operating profit margin of 29.3%.
Deferred revenue and backlog of $835.0 million at March 31, 2020, which is an increase of 24% over the year-ago period.
Forward Guidance
The Company's second quarter and fiscal year 2020 revenue and diluted earnings per share guidance is provided below. The Company is also providing its fiscal year 2020 guidance for ACV and operating cash flows.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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