Loading...
•
Mar 31, 2024
ANSYS Q1 2024 Earnings Report
ANSYS reported a decrease in revenue and GAAP diluted earnings per share, but ACV grew slightly compared to the first quarter of 2023.
Key Takeaways
ANSYS reported a revenue of $466.6 million for Q1 2024, an 8% decrease compared to Q1 2023. GAAP diluted earnings per share decreased to $0.40 from $1.15, while non-GAAP diluted earnings per share decreased to $1.39 from $1.85. The company's Annual Contract Value (ACV) grew by 2% to $407.4 million. Due to the pending transaction with Synopsys, ANSYS has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.
Revenue decreased by 8% to $466.6 million compared to Q1 2023.
GAAP diluted earnings per share decreased to $0.40, while non-GAAP diluted earnings per share decreased to $1.39.
Annual Contract Value (ACV) increased by 2% to $407.4 million.
The company expects double-digit ACV and revenue growth in the remaining quarters of the year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Due to the pending transaction with Synopsys, Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...