ANSYS Q4 Earnings & Revenues Beat Estimates, Increase Y/Y, Stock Up

Core Points - ANSYS, Inc. reported fourth-quarter 2024 earnings of $4.44 per share, exceeding the Zacks Consensus Estimate by 11% and reflecting a year-over-year increase of 12.7% [1] - Revenues reached$ 882.2 million, surpassing the Zacks Consensus Estimate by 1%, with a year-over-year growth of 9.6% on a reported basis and 11% on a constant currency basis [2] - The company announced a $35 billion acquisition deal with Synopsys, with shareholders receiving$ 197 in cash and 0.3450 Synopsys shares per ANSS share, which has received regulatory approvals in several jurisdictions [3][4] Financial Performance - Subscription lease revenues, accounting for 50% of total revenues, increased by 12.1% year over year to $441.1 million, while perpetual licenses revenues rose 1.7% to$ 102.3 million [6] - Maintenance revenues climbed 13.8% year over year to $319.4 million, while service revenues decreased by 1.2% to$ 19.4 million [6] - Total deferred revenues and backlog amounted to $1,718.3 million, reflecting a year-over-year increase of 16.7% [8] Operational Metrics - The Americas contributed 51.9% to total revenues, with a year-over-year increase of 11.5% to$ 457.8 million, while EMEA revenues grew 16.3% to $269.1 million [8] - Non-GAAP gross margin improved by 30 basis points to 94.6%, and non-GAAP operating margin increased to 53.3% from 53% in the prior-year quarter [10] - Cash from operations rose by 10.9% to$ 258 million compared to $232.7 million in the prior-year quarter [11] Market Performance - ANSS shares increased by 2.3% in after-market trading on February 19, 2025, with a 5.6% gain over the past year, compared to the Zacks Computer - Software industry's growth of 9.5% [5]