PITTSBURGH, PA, Aug 6, 2019 – ANSYS, Inc., has announced its financial results for the second quarter of 2019. Total revenue was $368.6M for the second quarter and net income was $109.8M.
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 & CEO, commented, “Our focus on sales execution, coupled with our world-class products, has resulted in another quarter of excellent financial performance. We surpassed the high end of our expectations for both revenue and earnings, driven by double-digit revenue growth across each of our three major geographies. We also closed the largest single-physics deal in our company history, a $49 million, multi-year lease deal in the high-tech space. In May, we released ANSYS® R2, which builds upon our industry-leading product portfolio, empowering customers to do more with multiphysics in less time, automating simulation and making it easier to use. We also expanded our partner ecosystem during Q2 – a key part of our pervasive simulation strategy – announcing new agreements with BMW and Airbus. Our results are a testament to the strength of our product portfolio and our deep customer relationships.”
Maria Shields, ANSYS CFO, stated, “Consistent execution across the board led to another quarter of excellent performance, with double-digit earnings growth and operating profit margin exceeding the high end of our guidance. Our results demonstrate that the investments we are making, combined with our operational focus, are continuing to pay off. More importantly, we have been able to achieve these results while strategically investing in our business for the long term. We remain confident in our ability to meet our targets and drive long-term growth.”
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 engineering simulation. Through their strategy of 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, they help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, ANSYS is headquartered south of Pittsburgh, PA, USA.
