PITTSBURGH, PA, Nov 8, 2018 – ANSYS, Inc. has announced its financial results for the third quarter of 2018. Total revenue was $289.4M for the third quarter and net income was $89.3M.
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, “Q3 was a record-breaking quarter for ANSYS as we delivered double-digit growth across revenue, EPS and ACV. The digital revolution is driving customers to transform their product development processes to achieve greater agility, innovation and cost synergies, and ANSYS’ simulation solutions are enabling customers to achieve these seemingly divergent objectives with increased functionality and usability across our entire product portfolio. Our strategy of Pervasive Simulation is working.”
Gopal added, “We continue to invest to deliver advanced capabilities, such as our newly available, patent-pending Mosaic meshing technology designed to provide a significant improvement in our fluids workflow and user experience. In the third quarter, we extended our technology leadership with the release of ANSYS 19.2, which incorporates the technology from our recent OPTIS acquisition and reflects the integration of ANSYS VRXPERIENCE and ANSYS SPEOS into our portfolio. Importantly, in an ever-evolving industry, we remain committed to improving the way customers experience our technology by providing them with new, modern workflow advancements that enhance the quality and speed of their simulations.”
Maria Shields, ANSYS CFO, stated, “Our continued focus on execution and disciplined approach to investment drove another quarter of record financial results across all key financial metrics. We are pleased with our strong performance through the first nine months of 2018 and, looking ahead, remain confident in our ability to continue driving momentum in our business. This is evidenced by our increased outlook for full year 2018 revenue (ASC 606), EPS and operating cash flow.”
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 Visit www.ansys.com for more information.