American Made Advocacy: Success in Washington Requires Patience, Persistence, and Sustained Focus
The Government Circuit: News on Defense Electronics, Europe, and Sustainability
Defense Speak Interpreted: SWaPing Nanosatellites for Defense Systems
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
Share on:
Suggested Items
Amphenol Announces Q1 2025 Dividend
01/30/2025 | Amphenol CorporationAmphenol Corporation announced that its Board of Directors approved the first quarter 2025 dividend on its Common Stock in the amount of $0.165 per share at its meeting held on January 29, 2025.
Keysight, KD Partner to Advance Multigigabit Optical Automotive Ethernet Testing with New Signal Analysis Capability
01/30/2025 | Keysight TechnologiesKeysight Technologies, Inc. and KD, Inc., a fabless semiconductor company, have collaborated to create a comprehensive test for Multigigabit Optical Automotive Ethernet physical layer.
China’s Smartphone Market Rebounds with 5.6% Growth in 2024, Fueled by vivo and Huawei
01/30/2025 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China's smartphone market shipped 76.4 million units in 4Q24, a 3.9% year-on-year (YoY) increase.
Rising AI Infrastructure Demand Highlights Industry Shift Toward Cost-Effective Solutions as DeepSeek Gains Traction
01/30/2025 | TrendForceTrendForce’s latest investigations have revealed that the recent release of DeepSeek-V3 and DeepSeek-R1 underscores an industry-wide shift toward more cost-effective AI infrastructure.
Istvan Novak Looks Back on History of DesignCon
01/29/2025 | Andy Shaughnessy, Design007 MagazineMany of us have been attending DesignCon for a long time, but Samtec’s Istvan Novak has been attending DesignCon even before it was called DesignCon. A veteran signal and power integrity engineer, Istvan has been on the Technical Program Committee for over two decades, and he’s authored and co-authored a variety of award-winning conference papers. In honor of the show’s 30th anniversary, I asked Istvan to share a little about the early years of DesignCon, and how he got involved with the event.