PITTSBURGH, PA, May 4, 2018 – ANSYS, Inc. announced its financial results for the first quarter of 2018. For the first quarter of 2018, the company reported six percent revenue down to $282.9M compared to $302.3M in the last quarter of the previous year. GAAP net loss for the quarter was $84.3M.
Comparative analysis based on ANSYS’s financial results in the last 12 quarters (Result source ANSYS website)
Comparative analysis based on ANSYS’s financial results in the last 12 quarters (Result source ANSYS website)
Ajei Gopal, ANSYS president and CEO, commented, “The ANSYS Pervasive Simulation strategy and the strength of our portfolio continue to drive strong demand for our products and solutions. Our focus on execution is also paying off, and we are off to a strong start in 2018, delivering record revenue and earnings per share, both of which were above the high end of our guidance. During Q1, we had 30 customers each with combined orders over $1 million, including the signing of the largest deal in the company’s history, a $50 million three-year contract. We continued to see improvement within our European operations, which grew 9% in constant currency, including double-digit revenue growth in Germany, France and the United Kingdom.”
Maria Shields, ANSYS CFO, stated, “The investments we are making in the business are yielding measurable results, with our deferred revenue and backlog reaching a record level of $841.7 million, a 29% increase over Q1 2017. Our annual contract value (ACV) grew 10% in constant currency in Q1 2018 as compared to Q1 2017 and we reported record cash flows from operations of $132.4 million for the quarter. Both of these metrics are indicative of the current and longer-term health of the business. We also continued to return capital to stockholders in the form of share repurchases during Q1, purchasing 0.8 million shares.”
A complete chart of the financial results is available here.
About ANSYS, Inc.
If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge, or put on wearable technology, chances are you’ve used a product where ANSYS software played a critical role in its creation. ANSYS is the global leader in Pervasive Engineering Simulation. They help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, ANSYS employs thousands of professionals, many of whom are expert M.S. and Ph.D.-level engineers in finite element analysis, computational fluid dynamics, electronics, semiconductors, embedded software and design optimization. Headquartered south of Pittsburgh, PA, USA, ANSYS has more than 75 strategic sales locations throughout the world with a network of channel partners in 40+ countries.
Visit www.ansys.com for more information.