ANSYS Q1 2024 Earnings Report
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.
ANSYS
ANSYS
Forward Guidance
Due to the pending transaction with Synopsys, Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.