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Jun 30, 2021

ANSYS Q2 2021 Earnings Report

ANSYS reported record Q2 ACV and revenue, initiated Q3 2021 outlook, and increased FY 2021 outlook on ACV, revenue, non-GAAP EPS and cash flow.

Key Takeaways

ANSYS reported a strong second quarter with GAAP revenue of $446.7 million and non-GAAP revenue of $452.6 million, driven by a 25% increase in ACV. The company's broad-based growth validates its strategy of Pervasive Simulation. Due to this momentum, ANSYS increased its full-year 2021 guidance.

GAAP revenue of $446.7 million and non-GAAP revenue of $452.6 million

GAAP diluted earnings per share of $1.06 and non-GAAP diluted earnings per share of $1.85

GAAP operating profit margin of 26.1% and non-GAAP operating profit margin of 41.7%

Annual contract value (ACV) of $430.5 million

Total Revenue
$453M
Previous year: $390M
+16.1%
EPS
$1.85
Previous year: $1.55
+19.4%
Annual Contract Value
$431M
Previous year: $344M
+25.0%
Gross Profit
$382M
Previous year: $332M
+15.3%
Cash and Equivalents
$958M
Previous year: $745M
+28.6%
Total Assets
$5.89B
Previous year: $4.67B
+26.1%

ANSYS

ANSYS

ANSYS Revenue by Segment

Forward Guidance

The Company's third quarter and fiscal year 2021 revenue and diluted earnings per share guidance is provided below. The Company is also providing its fiscal year 2021 guidance for ACV and operating cash flows.