Ansys (ANSS) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.87%. A quarter ago, it was expected that this maker of engineering-simulation software would post earnings of $1.93 per share when it actually produced earnings of $1.39, delivering a surprise of -27.98%.Over the last fou ...

Revenue and Financial Performance - Total revenue for the six months ended June 30, 2024, was $1,060.7 million, compared to $1,006.0 million in the same period of 2023, representing a 5.4% increase[19] - Total revenue for the three months ended June 30, 2024 was $594.1 million, a 19.6% increase from $496.6 million in the same period in 2023[39] - Revenue increased by 19.6% for the three months ended June 30, 2024, and by 5.4% for the six months ended June 30, 2024[104] - Revenue for Q2 2024 increased by 19.6% YoY to $594.1 million, or 21.6% in constant currency[129] - Total revenue for the six months ended June 30, 2024, increased by 5.4% to $1.06 billion, or 6.8% in constant currency[149][150] - Revenue growth in the Americas was 47.2% for the three months ended June 30, 2024, and 11.7% for the six months ended June 30, 2024[118] - Revenue in the Asia-Pacific region decreased by 7.4% for the three months ended June 30, 2024, but increased by 3.9% in constant currency for the six months ended June 30, 2024[118] - Revenue from the United States for the six months ended June 30, 2024 was $514.5 million, compared to $457.1 million for the same period in 2023[88] - International revenue accounted for 47.1% of total revenue in Q2 2024, down from 57.6% in Q2 2023[133] - International revenue accounted for 51.5% of total revenue, down from 54.6% in the prior year period[154] - Direct revenue accounted for 76.0% of total revenue for the three months ended June 30, 2024, up from 71.2% in the same period in 2023[39] - Direct revenue accounted for 76.0% of total revenue in Q2 2024, up from 71.2% in Q2 2023[133] - Subscription lease licenses revenue grew by 61.9% YoY to $218.6 million, driven by multi-year licenses[129] - Subscription lease license revenue grew 10.8% to $313.4 million, driven by incremental sales to existing customers[149][150] - Perpetual licenses revenue decreased by 7.5% YoY to $64.6 million, with a 20.1% drop in deal volume partially offset by a 12.6% increase in average deal size[129] - Maintenance revenue increased by 7.4% YoY to $293.8 million, driven by existing customer base[129] - Service revenue decreased by 5.2% YoY to $17.1 million in Q2 2024[129] - Total software licenses revenue increased by 38.2% YoY to $283.2 million in Q2 2024[129] - Software license revenue for the six months ended June 30, 2024 was $443.6 million, up 4.6% from $424.0 million in the same period in 2023[39] - Total revenue allocated to remaining performance obligations as of June 30, 2024 was $1.39 billion, with $862.0 million expected to be recognized in the next 12 months[43] - Deferred revenue and backlog totaled $1.39 billion as of June 30, 2024, with $445.9 million in deferred revenue and $948.1 million in backlog[135] - Deferred revenue decreased to $22.7 million in the first half of 2024, down from $45.4 million in the same period in 2023[25] - Deferred revenue decreased to $445.9 million as of June 30, 2024 from $479.8 million at the beginning of the year, primarily due to revenue recognition exceeding new deferrals[42] - Annual Contract Value (ACV) for the three months ended June 30, 2024, was $520.5 million, a 6.6% increase compared to the same period in 2023[114] - ACV for the six months ended June 30, 2024, was $927.9 million, a 4.5% increase compared to the same period in 2023[114] - Recurring ACV at 2023 monthly average exchange rates was $1.99 billion for the twelve months ended June 30, 2024, a 14.2% increase compared to the same period in 2023[115] - The company's ACV growth was supported by core industries including automotive, high-tech, and aerospace and defense (A&D) during the second quarter of 2024[116] Net Income and Earnings - Net income for the six months ended June 30, 2024, was $164.8 million, compared to $170.1 million in the same period of 2023, a decrease of 3.1%[19] - Net income for the six months ended June 30, 2024, was $164.8 million, compared to $170.1 million in the same period in 2023[25] - Net income for the six months ended June 30, 2024 was $164.8 million, down 3.1% from $170.1 million in the same period in 2023[50] - Net income for Q2 2024 reached $130.0 million, up 87.1% year-over-year, with diluted EPS of $1.48[147] - Net income decreased by $5.34 million to $164.81 million in 2024, with diluted earnings per share dropping from $1.95 to $1.88[166] - Earnings per share (diluted) for the six months ended June 30, 2024, was $1.88, compared to $1.95 in the same period of 2023, a 3.6% decrease[19] - Non-GAAP net income for the six months ended June 30, 2023 was $301.1 million, with diluted earnings per share of $3.45[173] Operating Income and Expenses - Operating income for the six months ended June 30, 2024, was $200.7 million, compared to $223.3 million in the same period of 2023, a 10.1% decrease[19] - GAAP operating income increased by 64.6% for the three months ended June 30, 2024, but decreased by 10.1% for the six months ended June 30, 2024[104] - Non-GAAP operating income increased by 47.7% for the three months ended June 30, 2024, and by 8.7% for the six months ended June 30, 2024[104] - Operating income grew by $61.8 million (64.6%) to $157.4 million, with a 26.5% margin[141] - Operating income declined by $22.56 million (10.1%) to $200.76 million in 2024, impacted by increased operating expenses and currency fluctuations[159][160] - Research and development expenses increased to $261.4 million for the six months ended June 30, 2024, from $245.3 million in the same period of 2023, a 6.5% increase[19] - Research and development expenses increased by $7.6 million (6.1%) due to higher salaries and stock-based compensation[141][142] - Research and development expenses increased by $16.08 million (6.6%) to $261.44 million in 2024, driven by higher salaries and stock-based compensation[159][160] - Selling, general, and administrative expenses rose by $26.5 million (13.1%) due to acquisition costs, higher salaries, and marketing expenses[141][142] - Selling, general, and administrative costs rose by $57.54 million (14.7%) to $448.27 million in 2024, primarily due to acquisition costs and increased compensation[159][160] - Acquisition-related expenses for the six months ended June 30, 2024 were $26.7 million, primarily related to the Merger Agreement with Synopsys[44] - Total cost of sales increased by $2.03 million (1.5%) to $138.02 million in 2024 compared to $135.99 million in 2023[156] - Gross profit increased by $96.5 million (22.5%) driven by higher revenue, partially offset by increased cost of sales[138] - Gross profit rose by $52.67 million (6.1%) to $922.72 million in 2024, driven by increased revenue[156] - Total GAAP gross profit for the six months ended June 30, 2023 was $870.1 million, representing 86.5% of revenue[173] - Non-GAAP gross profit margin improved to 91.9% in 2024, up from 87.0% under GAAP, reflecting adjustments for stock-based compensation and amortization[172] - Maintenance and service costs decreased by $3.9 million (10.0%) primarily due to reduced third-party technical support and headcount-related costs[138][139] - Maintenance and service costs decreased by $4.09 million (5.4%) to $71.80 million in 2024, primarily due to reduced third-party technical support and headcount-related costs[156][157] - Amortization expense increased by $5.17 million (13.0%) to $44.87 million in 2024 due to recently acquired intangible assets[156] - Software licenses cost increased by $2.7 million due to higher third-party royalties, representing a 30.6% year-over-year growth[138] Cash Flow and Liquidity - Cash and cash equivalents increased to $1,098.9 million as of June 30, 2024, from $860.2 million as of December 31, 2023, a 27.7% increase[16] - Cash and cash equivalents at the end of June 2024 stood at $1.1 billion, up from $477.9 million at the end of June 2023[25] - Net cash provided by operating activities increased to $363.5 million in the first half of 2024, up from $323.6 million in the same period in 2023[25] - Net cash provided by operating activities increased by $39.9 million (12.3%) to $363.5 million for the six months ended June 30, 2024 compared to the same period in 2023[189] - Net cash used in investing activities decreased by $166.3 million (77.1%) to $49.4 million for the six months ended June 30, 2024 compared to the same period in 2023[190] - Net cash used in financing activities decreased by $174.8 million (71.6%) to $69.2 million for the six months ended June 30, 2024 compared to the same period in 2023[191] - Cash, cash equivalents, and short-term investments increased by $258.9 million (30.1%) to $1.12 billion as of June 30, 2024 compared to December 31, 2023[185] - Domestic cash, cash equivalents, and short-term investments increased to $700.8 million (62.6% of total) as of June 30, 2024 from $529.1 million (61.5% of total) as of December 31, 2023[187] - Foreign cash, cash equivalents, and short-term investments increased to $418.4 million (37.4% of total) as of June 30, 2024 from $331.3 million (38.5% of total) as of December 31, 2023[187] - The company's cash and cash equivalents consist primarily of highly liquid investments such as deposits held at major banks and money market funds[36] - Short-term investments consist of available-for-sale debt securities with remaining maturities greater than three months, carried at fair value with unrealized gains and losses included in accumulated other comprehensive income[37] - Cash equivalents and short-term investments total $278.3 million, with $257.9 million in money market funds and $20.4 million in short-term investments[59] - Corporate debt securities of $15.2 million include $15.1 million in a loss position, and municipal bonds of $5.0 million include $4.6 million in a loss position as of June 30, 2024[59] - Unrealized losses on investments are primarily due to changes in interest rates, with the company expecting to realize full value upon maturity[60] - Available-for-sale debt securities maturing within 1 year total $8.0 million, and those maturing in 1-3 years total $12.2 million[61] - The company plans capital spending of $40.0 million to $50.0 million during fiscal year 2024, compared to $25.3 million spent in fiscal year 2023[190] - Capital expenditures for the six months ended June 30, 2024, were $23.8 million, up from $12.0 million in the same period in 2023[25] Debt and Financing - The company has a $755.0 million unsecured term loan facility and a $500.0 million unsecured revolving loan facility, both maturing on June 30, 2027[76] - Borrowings under the credit facilities accrue interest based on Term SOFR or the base rate plus an applicable margin, with a Sustainability Rate Adjustment of +/- 0.05% based on ESG KPIs[77][78] - The weighted average interest rate under the 2022 Credit Agreement for the three and six months ended June 30, 2024 was 6.24% and 6.28%, respectively, compared to 5.88% and 5.72% for the same periods in 2023[79] - As of June 30, 2024, the company had $755.0 million of borrowings outstanding under the term loan, with a carrying value of $754.0 million, net of $1.0 million of unamortized debt discounts and issuance costs[80] - The company entered into a $755.0 million unsecured term loan facility and a $500.0 million unsecured revolving loan facility, including a $50.0 million sublimit for letters of credit[192] - As of June 30, 2024, the carrying value of the term loan was $754.0 million, with no principal payments due in the next twelve months[193] - The interest rate in effect for the third quarter of 2024 under the 2022 Credit Agreement is 6.26%[194] - The company's debt is classified as Level 2 in the fair value hierarchy due to variable interest rates and lack of active trading[65] - A hypothetical 100 basis point increase in interest rates would result in an additional $7.7 million in interest expense over the next twelve months[204] - Interest income for Q2 2024 was $12.2 million, while interest expense was $12.2 million[203] - Interest income surged by $15.7 million to $23.2 million in 2024, driven by higher invested cash balances and interest rates[161] Leases and Commitments - Lease liabilities for office space include a 183-month lease expiring in December 2029, with annual base rent of $4.5 million through 2024 and $4.7 million from 2025-2029[71] - Total lease cost for the six months ended June 30, 2024, was $17.1 million, including $14.5 million in lease liability cost and $2.6 million in variable lease costs[72] - Operating lease commitments total $127.5 million, with $27.8 million due in the next twelve months[194] Stock-Based Compensation and Share Repurchases - Stock-based compensation expense rose to $125.6 million in the first half of 2024, compared to $100.5 million in the same period in 2023[25] - Stock-based compensation expense before taxes for the six months ended June 30, 2024 was $125.6 million, compared to $100.5 million for the same period in 2023[85] - No share repurchases were made in the first half of 2024, while 650 thousand shares were repurchased at an average price of $302.34 per share in the first half of 2023, totaling $196.5 million[83] - The company repurchased 650 thousand shares in the first half of 2023 at an average price of $302.34 per share, totaling $196.5 million[195] Taxes and Liabilities - The effective tax rate for the six months ended June 30, 2024 was 16.5%, compared to 16.9% for the same period in 2023[82] - Income before income tax provision for the three months ended June 30, 2024 was $156.5 million, compared to $84.0 million for the same period in 2023[82] - The company's Indian subsidiary faces potential tax charges and related liabilities of $7.3 million due to pending service tax audits[91] Assets and Liabilities - Total current assets increased to $2,091.8 million as of June 30, 2024, from $2,049.5 million as of December 31, 2023, a 2.1% increase[16] - Accounts receivable decreased to $724.1 million as of June 30, 2024, from $864.5 million as of December 31, 2023, a 16.2% decrease[16] - Total liabilities decreased to $1,733.1 million as of June 30, 2024, from $1,932.5 million as of December 31, 2023, a 10.3% decrease[16] - Total stockholders' equity increased to $5.59 billion as of June 30, 2024, compared to $4.91 billion as of June 30, 2023[27][28] - Goodwill decreased to $3.79 billion as of June 30, 2024 from $3.81 billion at the beginning of the year, primarily due to currency translation effects[56] Comprehensive Income and Other Financial

EXHIBIT 99.1 Contact: Investors: Kelsey DeBriyn 724.820.3927 kelsey.debriyn@ansys.com Media: Mary Kate Joyce 724.820.4368 marykate.joyce@ansys.com Ansys Announces Q2 Financial Results / Q2 2024 Results • Revenue of $594.1 million • GAAP diluted earnings per share of $1.48 and non-GAAP diluted earnings per share of $2.50 • GAAP operating profit margin of 26.5% and non-GAAP operating profit margin of 44.9% • Operating cash flows of $80.7 million and unlevered operating cash flows of $90.7 million • Annual con ...

/ Q2 2024 Results Revenue of $594.1 millionGAAP diluted earnings per share of $1.48 and non-GAAP diluted earnings per share of $2.50GAAP operating profit margin of 26.5% and non-GAAP operating profit margin of 44.9%Operating cash flows of $80.7 million and unlevered operating cash flows of $90.7 millionAnnual contract value (ACV) of $520.5 millionDeferred revenue and backlog of $1,394.0 million on June 30, 2024     PITTSBURGH, July 31, 2024 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ: ANSS), today reported seco ...

ANSYS Inc (ANSS) is scheduled to report results for the second quarter of 2024 on Jul 31, after the closing bell.The Zacks Consensus Estimate for EPS is pegged at $1.94, unchanged in the past 60 days. The figure indicates an increase of 21.25% from the year-ago quarter’s reported figure.The Zacks Consensus Estimate for revenues is pegged at $550.8 million, indicating growth of 10.91% from the prior-year quarter’s levels.ANSS’ earnings missed the Zacks Consensus Estimate in the last quarter but surpassed in ...

Latest release fuels collaboration and digital transformation by connecting workflows, integrating AI, and optimizing complex design tasks/ Key Highlights Unified Ansys technology reduces the need for engineers to connect multiple, disparate software technologies, streamlining the product design process by providing advanced multiphysics simulation insightsThe latest release introduces two new products — Ansys TwinAI™ software for enhancing simulation with artificial intelligence (AI) for accurate, evolving ...

ANSYS, Inc. (ANSS) recently strengthened its collaboration with NVIDIA and Supermicro to offer Turnkey hardware solutions that dramatically enhance Ansys Multiphysics simulation capabilities. This partnership focuses on customizing hardware for Ansys' simulation software, resulting in remarkable speed enhancements of up to 1,600 times in computational tasks.Optimizing multiphysics simulations involves integrating various physics solvers with hardware options of different sizes and configurations, each provi ...

PITTSBURGH, July 18, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS) announced today that the Company expects to release its second quarter earnings on Wednesday, July 31, 2024, after the market closes. As previously announced, in light of the pending transaction with Synopsys, Inc. (Synopsys), Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.After the market closes on Wednesday, July 31, 2024, you can find the following information on the investor ...

Getting the most out of multiphysics simulation involves integrating different types of physics solvers with a range of hardware choices, each offering unique performance benefits. However, sizing and configuring the right hardware for multiphysics simulation is a complex task that can significantly impact performance, cost, and productivity. Turnkey, customized hardware solutions with central processing units (CPUs), graphics processing units (GPUs), interconnects, and cooling modules allow engineers to ru ...

Ansys STK is now available to US Government Customers in ICMPPITTSBURGH, July 9, 2024 /PRNewswire/ -- Ansys (NASDAQ: ANSS) a global leader in engineering simulation software solutions, today announced that it is listing Ansys STK™ in the AWS Marketplace for the US Intelligence Community (ICMP). ICMP is a curated digital catalog from Amazon Web Services (AWS) that makes it easy to discover, purchase, and deploy software packages and applications from vendors that specialize in supporting government customers ...