Ansys Inc ( (ANSS) ) has released its Q4 earnings. Here is a breakdown of the information Ansys Inc presented to its investors.
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Ansys Inc., a leader in engineering simulation software, operates in the technology sector, offering solutions that span industries from aerospace to electronics, enabling companies to predict the performance of their products efficiently.
In its latest earnings report for the fourth quarter and full year of 2024, Ansys Inc. recorded robust financial performance with notable increases in revenue and earnings per share. The company reported a 10% increase in quarterly revenue and a 12% increase for the full fiscal year, reflecting strong demand for its simulation solutions.
Key financial highlights for the quarter included a revenue of $882.2 million, with GAAP and non-GAAP diluted earnings per share reaching $3.21 and $4.44, respectively. For the full fiscal year, the company achieved a revenue of $2.54 billion, with GAAP diluted earnings per share at $6.55 and non-GAAP at $10.91. Ansys also reported impressive growth in its annual contract value (ACV), which rose by 11% year-over-year.
In addition to financial achievements, Ansys is undergoing a significant strategic shift with its pending acquisition by Synopsys, Inc. The transaction, which has received conditional clearance from the European Commission, is expected to close in the first half of 2025, pending regulatory approvals.
Looking forward, Ansys management remains optimistic, forecasting double-digit ACV growth for fiscal year 2025. Despite the strategic changes ahead, the company continues to emphasize its commitment to innovation and customer-centric solutions, positioning itself for sustained growth in the engineering simulation market.
