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Dec 31, 2020
ANSYS Q4 2020 Earnings Report
ANSYS announced financial results with record Q4 and FY 2020 revenue, ACV and operating cash flow.
Key Takeaways
ANSYS reported strong Q4 2020 results with double-digit revenue growth and industry-leading margins. The company achieved record quarterly and annual revenue, driven by the operating leverage of its business model. ACV grew by 20% in constant currency for the quarter, reaching record levels of recurring sources at 83%.
GAAP revenue of $623.7 million and non-GAAP revenue of $627.8 million
GAAP diluted earnings per share of $2.46 and non-GAAP diluted earnings per share of $2.96
Annual contract value (ACV) of $665.5 million, growth of 23% in reported currency and 20% in constant currency
GAAP operating profit margin of 41.6% and non-GAAP operating profit margin of 51.6%
ANSYS
ANSYS
Forward Guidance
The Company's first 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.