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Jun 30, 2022

ANSYS Q2 2022 Earnings Report

ANSYS reported strong Q2 2022 results with double-digit ACV and revenue growth in constant currency, exceeding financial guidance across key metrics.

Key Takeaways

ANSYS announced Q2 2022 financial results with a GAAP revenue of $473.9 million and a non-GAAP revenue of $475.9 million. The company's GAAP diluted earnings per share was $1.13, while the non-GAAP diluted earnings per share was $1.77. ACV reached $460.3 million, marking a 7% increase in reported currency and a 13% increase in constant currency. The company is raising its full-year guidance on ACV and revenue in constant currency.

GAAP revenue was $473.9 million, and non-GAAP revenue was $475.9 million.

GAAP diluted earnings per share reached $1.13, and non-GAAP diluted earnings per share was $1.77.

The GAAP operating profit margin was 27.0%, and the non-GAAP operating profit margin was 40.7%.

ACV was $460.3 million, representing a 7% increase or 13% in constant currency.

Total Revenue
$476M
Previous year: $453M
+5.2%
EPS
$1.77
Previous year: $1.85
-4.3%
ACV
$460M
Previous year: $431M
+6.9%
Gross Profit
$411M
Previous year: $382M
+7.5%
Cash and Equivalents
$517M
Previous year: $958M
-46.0%
Total Assets
$6.12B
Previous year: $5.89B
+3.9%

ANSYS

ANSYS

Forward Guidance

The Company is updating its FY 2022 guidance for operating cash flows. The revenue and diluted earnings per share guidance is provided on both a GAAP and non-GAAP basis.