ANSYS Q1 2022 Earnings Report
Key Takeaways
ANSYS reported a strong start to 2022 with double-digit ACV and revenue growth in constant currency for the first quarter, exceeding financial guidance across all key metrics. The company's robust results are attributed to its role in advancing customers' digital transformation initiatives and strong customer relationships.
GAAP revenue of $425.1 million and non-GAAP revenue of $428.6 million.
GAAP diluted earnings per share of $0.81 and non-GAAP diluted earnings per share of $1.36.
GAAP operating profit margin of 19.1% and non-GAAP operating profit margin of 34.7%.
Annual contract value (ACV) of $344.1 million.
ANSYS
ANSYS
Forward Guidance
The Company is updating its FY 2022 guidance for operating cash flows. Despite the challenging geopolitical environment, the updated FY 2022 guidance reflects an operational raise. Offsetting this strong outlook, meaningful U.S. Dollar strengthening in exchange rates has created unprecedented headwinds for us.