Collaboration empowers OEMs and Tier 1 suppliers to reliably evaluate and verify performance of ADAS/AV functionality in all weather and lighting conditions/ Key Highlights Ansys AVxcelerate Sensors™ autonomous vehicle (AV) sensor simulation software provides real-time multispectral camera simulation for scenario-based perception testing Leveraging both AVxcelerate Sensors and Sony's high dynamic range (HDR) Image Sensor Model, OEMs can test advanced driver assistance systems (ADAS) and AV functions, accou ...

Ansys introduces a new methodology for early-stage and life cycle design that quantifies the impact of simulation on sustainability initiatives, helping companies predict ROI/ Key Highlights  Companies can use Ansys simulation to measure direct, indirect, and downstream greenhouse gas (GHG) emissions across the product life cycle Ansys' sustainability solutions enable environmental impact analysis, resulting in reduced carbon emissions, waste generation, and lower material, energy, and water consumption The ...

ANSYS Inc.’s (ANSS) security wing — Ansys Government Initiatives or AGI — recently won a deal to supply digital engineering solutions to the Microelectronics Commons. The initiative, funded through the CHES program and implemented by the Midwest Microelectronics Consortium, is a joint effort by the government, academia and private industry to transform the microelectronics landscape in the United States. According to the deal, 90% of its cutting-edge simulation suite of Ansys will be available to the Common ...

Funded by the CHIPS Act, Microelectronics Commons will rely on Ansys digital engineering technology to support the evolution of domestically manufactured semiconductors/ Key Highlights Microelectronics Commons (Commons) network has eight regional technology hubs focused on spurring domestic innovation in 5G/6G, artificial intelligence (AI), electromagnetic (EM) spectrum dominance, Internet-of-Things (IoT) computing, and quantum and leap-ahead technologies Ansys will provide services to six of the eight hub ...

ANSYS Inc.’s (ANSS) cutting-edge digital engineering technologies are leveraged by a digital infrastructure solutions provider – Vertiv (VRT) – for designing next-generation data center cooling systems. This collaboration aims to reduce development time, enhance customization, minimize costs and deliver innovative solutions that align with the needs of artificial intelligence (AI)-powered applications.A key component in any data center thermal management system is the heat exchanger (HX) coil, which is cruc ...

ANSYS Inc (ANSS) reported third-quarter 2024 earnings of $2.58 per share, beating the Zacks Consensus Estimate by 37.2%. The bottom line also increased 83% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $601.9 million beat the Zacks Consensus Estimate by 13.3%. The top line rose 31.2% year over year on both reported and constant currency basis. This revenue growth was driven by solid multi-year lease growth. ANSS closed an $88 million contract in the high ...

Ansys (ANSS) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.23%. A quarter ago, it was expected that this maker of engineering-simulation software would post earnings of $1.94 per share when it actually produced earnings of $2.50, delivering a surprise of 28.87%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 0-20853 ANSYS, Inc. (Exact name of registrant as specified in its charter) Delaware 04-3219960 (State or ot ...

Revenue and Financial Performance - Q3 2024 revenue reached $601.9 million, a 31% increase compared to Q3 2023[2] - Total revenue for Q3 2024 was $601.9 million, a 31.2% increase compared to Q3 2023[14] - Total revenue for Q3 2024 increased to $601.892 million, up 31.2% from $458.795 million in Q3 2023[21] - Americas revenue for Q3 2024 reached $306.5 million, representing 50.9% of total revenue, a 40.4% increase YoY[14] - EMEA revenue for Q3 2024 was $137.0 million, accounting for 22.8% of total revenue, with a 12.7% YoY growth[14] - Asia-Pacific revenue for Q3 2024 totaled $158.4 million, making up 26.3% of total revenue, with a 33.2% YoY increase[14] - Direct revenue as a percentage of total revenue increased to 74.6% in Q3 2024, up from 73.5% in Q3 2023[14] - Subscription lease revenue for Q3 2024 was $194.3 million, representing 32.3% of total revenue and an 87.6% increase compared to Q3 2023[13] - Maintenance revenue for Q3 2024 was $306.7 million, accounting for 51% of total revenue[13] - Software licenses revenue grew 70.5% to $276.948 million in Q3 2024 compared to $162.422 million in Q3 2023[21] - Net income for Q3 2024 rose to $128.192 million, a 131% increase from $55.502 million in Q3 2023[21] - Operating income for Q3 2024 increased 131% to $161.538 million from $69.816 million in Q3 2023[21] - Non-GAAP operating income for Q3 2024 was $275.447 million, representing 45.8% of revenue[31] - Gross profit margin improved to 88.5% in Q3 2024 from 85.8% in Q3 2023[31][32] - Total GAAP gross profit is $1,263,592 thousand, representing 86.3% of revenue[34] - Non-GAAP gross profit is $1,334,223 thousand, representing 91.1% of revenue[34] - GAAP operating income for the nine months ended September 30, 2023 is $293,135 thousand, representing 20.0% of revenue[34] - Non-GAAP operating income for the nine months ended September 30, 2023 is $539,698 thousand, representing 36.8% of revenue[34] - GAAP net income for the nine months ended September 30, 2023 is $225,650 thousand, with diluted EPS of $2.58[34] - Non-GAAP net income for the nine months ended September 30, 2023 is $423,991 thousand, with diluted EPS of $4.85[34] Earnings and Profitability - GAAP diluted earnings per share for Q3 2024 was $1.46, while non-GAAP diluted earnings per share was $2.58[2] - Diluted EPS for Q3 2024 was $1.46, up 128% from $0.64 in Q3 2023[21] - Net income for Q3 2024 rose to $128.192 million, a 131% increase from $55.502 million in Q3 2023[21] - Operating income for Q3 2024 increased 131% to $161.538 million from $69.816 million in Q3 2023[21] - Non-GAAP operating income for Q3 2024 was $275.447 million, representing 45.8% of revenue[31] - Gross profit margin improved to 88.5% in Q3 2024 from 85.8% in Q3 2023[31][32] - Total GAAP gross profit is $1,263,592 thousand, representing 86.3% of revenue[34] - Non-GAAP gross profit is $1,334,223 thousand, representing 91.1% of revenue[34] - GAAP operating income for the nine months ended September 30, 2023 is $293,135 thousand, representing 20.0% of revenue[34] - Non-GAAP operating income for the nine months ended September 30, 2023 is $539,698 thousand, representing 36.8% of revenue[34] - GAAP net income for the nine months ended September 30, 2023 is $225,650 thousand, with diluted EPS of $2.58[34] - Non-GAAP net income for the nine months ended September 30, 2023 is $423,991 thousand, with diluted EPS of $4.85[34] Contract Value and Deferred Revenue - Annual Contract Value (ACV) for Q3 2024 was $540.5 million, an 18% increase compared to Q3 2023[2] - Deferred revenue and backlog as of September 30, 2024, stood at $1,463.8 million[2] - Current deferred revenue and backlog as of September 30, 2024, was $902.8 million, up from $774.2 million in the same period last year[15] - Total deferred revenue and backlog reached $1.46 billion as of September 30, 2024, compared to $1.21 billion in the same period last year[15] - Annual Contract Value (ACV) includes annualized value of maintenance, subscription lease contracts, and perpetual licenses[22] - A $300,000 subscription lease contract contributes $100,000 to ACV annually over its 3-year term[25] Cash Flow and Investments - Operating cash flows for Q3 2024 were $174.2 million, an 8.4% increase compared to Q3 2023[5] - Net cash provided by operating activities for the nine months ended September 30, 2024 is $537,767 thousand, compared to $484,400 thousand for the same period in 2023[35] - Unlevered operating cash flows for the nine months ended September 30, 2024 is $567,805 thousand, compared to $512,281 thousand for the same period in 2023[35] - Cash and short-term investments as of September 30, 2024, stood at $1.30 billion, up from $860.4 million at the end of 2023[19] - Stockholders' equity increased to $5.83 billion as of September 30, 2024, from $5.39 billion at the end of 2023[20] Expenses and Costs - Research and development expenses increased 7.4% to $132.320 million in Q3 2024 from $123.223 million in Q3 2023[21] - Stock-based compensation expense for the nine months ended September 30, 2023 is $158,533 thousand, representing 10.7% of revenue[34] - Expenses related to business combinations for the nine months ended September 30, 2023 is $77,002 thousand, representing 5.3% of revenue[34] Risks and Challenges - Potential risks from the proposed transaction with Synopsys, including regulatory approvals, business disruptions, and long-term stock value uncertainty[48] - Macroeconomic challenges such as inflation, recessionary conditions, and equity market volatility impacting operations[48] - Geopolitical risks including trade sanctions, export controls, and impacts from conflicts in the Middle East and Russia-Ukraine[48] - Cybersecurity threats and potential breaches affecting proprietary technology and customer data[48] - Revenue volatility due to multi-year subscription contracts and reliance on high renewal rates[48] - Uncertainty in income tax estimates and changes in tax laws across operating jurisdictions[50] - Investments in global sales, marketing, and acquisitions, with potential impacts from integration challenges and indebtedness[50] - Operational disruptions from remote work transitions and reliance on third-party infrastructure[50] - Plans for future capital spending and potential higher R&D costs[50] Acquisitions and Regulatory Approvals - Ansys and Synopsys received foreign direct investment approvals for the proposed acquisition, with the transaction expected to close in the first half of 2025[3] - Regulatory filings and documentation related to the Synopsys transaction available on SEC and company websites[51][53] Currency and Market Impact - Currency fluctuations had an adverse impact on Q3 2024 revenue, with a $133 thousand negative effect[17]

/ Q3 2024 Results Revenue of $601.9 millionGAAP diluted earnings per share of $1.46 and non-GAAP diluted earnings per share of $2.58GAAP operating profit margin of 26.8% and non-GAAP operating profit margin of 45.8%Operating cash flows of $174.2 million and unlevered operating cash flows of $184.5 millionAnnual contract value (ACV) of $540.5 millionDeferred revenue and backlog of $1,463.8 million on September 30, 2024 PITTSBURGH, Nov. 06, 2024 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ: ANSS), today reported t ...