-
- News
- Books
Featured Books
- design007 Magazine
Latest Issues
Current IssueThe Designer of the Future
Our expert contributors peer into their crystal balls and offer their thoughts on the designers and design engineers of tomorrow, and what their jobs will look like.
Advanced Packaging and Stackup Design
This month, our expert contributors discuss the impact of advanced packaging on stackup design—from SI and DFM challenges through the variety of material tradeoffs that designers must contend with in HDI and UHDI.
Rules of Thumb
This month, we delve into rules of thumb—which ones work, which ones should be avoided. Rules of thumb are everywhere, but there may be hundreds of rules of thumb for PCB design. How do we separate the wheat from the chaff, so to speak?
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - design007 Magazine
Ansys Announces Q2 Financial Results
August 2, 2024 | ANSYSEstimated reading time: 1 minute
ANSYS, Inc. reported second quarter 2024 revenue of $594.1 million, an increase of 20% and 22% in reported and constant currency, respectively, when compared to the second quarter of 2023. For the second quarter of 2024, the Company reported diluted earnings per share of $1.48 and $2.50 on a GAAP and non-GAAP basis, respectively, compared to $0.80 and $1.60 on a GAAP and non-GAAP basis, respectively, for the second quarter of 2023. Additionally, the Company reported second quarter ACV growth of 7% in reported currency, or 9% in constant currency, when compared to the second quarter of 2023. We continue to expect double-digit ACV and revenue growth in the second half of the year, and expect FY 2024 ACV to grow double-digit.
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 contract value (ACV) of $520.5 million
- Deferred revenue and backlog of $1,394.0 million on June 30, 2024
On January 15, 2024, the Company entered into a definitive agreement with Synopsys, Inc. (Synopsys) under which Synopsys will acquire Ansys. The transaction is anticipated to close in the first half of 2025, subject to the receipt of required regulatory approvals and other customary closing conditions. During the quarter ended June 30, 2024, the transaction was approved by Ansys shareholders. As previously announced, in light of the pending transaction with Synopsys, Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance
Suggested Items
Bold Laser Automation Introduces the PS1016A Mechanical Probe Station: A Scalable Solution for Precision Testing
01/24/2025 | Bold Laser AutomationBold Laser Automation is proud to announce the launch of its latest innovation, the PS1016A Mechanical Probe Station, a system designed to improve precision testing in advanced manufacturing.
Plexus Announces Fiscal Q1 Financial Results
01/24/2025 | PlexusPlexus Corp. announced financial results for our fiscal first quarter ended December 28, 2024, and guidance for our fiscal second quarter ending March 29, 2025.
KYOCERA AVX Releases Two New Series of Small, High-Power, Thin-Film Band-Pass Filters
01/23/2025 | PRNewswireKYOCERA AVX, a leading global manufacturer of advanced electronic components engineered to accelerate technological innovation and build a better future, released two new series of compact, thin-film band-pass filters engineered to deliver excellent RF performance in a wide range of high-power applications with crowded PCBs.
Amphenol Reports Record Q4 and Full Year 2024 Results
01/23/2025 | Amphenol CorporationSales of $4.3 billion, up 30% in U.S. dollars and 20% organically compared to the fourth quarter of 2023
Gartner Forecasts Worldwide IT Spending to Grow 9.8% in 2025
01/23/2025 | Gartner, Inc.Worldwide IT spending is expected to total $5.61 trillion in 2025, an increase of 9.8% from 2024, according to the latest forecast by Gartner, Inc.