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Dec 31, 2023
ANSYS Q4 2023 Earnings Report
ANSYS reported Q4 2023 earnings with revenue growth and EPS increase.
Key Takeaways
ANSYS announced Q4 2023 financial results, featuring a 16% increase in both GAAP and non-GAAP revenue, reaching $805.1 million. The company's GAAP diluted earnings per share rose to $3.14, while non-GAAP diluted earnings per share reached $3.94.
GAAP and non-GAAP revenue reached $805.1 million.
GAAP diluted earnings per share was $3.14 and non-GAAP diluted earnings per share was $3.94.
GAAP operating profit margin was 41.4% and non-GAAP operating profit margin was 53.0%.
ACV reached $955.2 million.
ANSYS
ANSYS
ANSYS Revenue by Segment
ANSYS Revenue by Geographic Location
Revenue by Segment
Maintenance Revenue
CapyFin.comRevenue by Geographic Location
Germany Revenue
CapyFin.comOther EMEA Revenue
CapyFin.comJapan Revenue
CapyFin.com Forward Guidance
Ansys is suspending quarterly earnings conference calls and will no longer be providing quarterly or annual guidance due to the pending transaction with Synopsys.
Positive Outlook
- FY 2024 ACV is expected to grow double-digit.
- The dollar value of ACV will continue to be highly skewed toward the fourth quarter of the year as has been the case in prior years.
- 2024 quarterly ACV and revenue growth rates are expected to be variable across the quarters
- Double-digit ACV and revenue growth expected in the remaining quarters of the year.
- Q1 2024 ACV and revenue results expected to be the lowest amongst the quarters.
Challenges Ahead
- Ansys is suspending quarterly earnings conference calls.
- Ansys will no longer be providing quarterly or annual guidance.
- 2024 quarterly ACV and revenue growth rates are expected to be variable across the quarters
- Q1 2024 ACV and revenue results expected to be the lowest amongst the quarters.
- Performance comparisons to 2023 will affect quarterly ACV and revenue growth rates.