PITTSBURGH, PA, Nov 3, 2022 – Ansys announced financial results for the third quarter of 2022. Revenue for the third quarter of 2022 was $472.5M, flat at compared to $473.9M for the second quarter of 2022. GAAP net income was $95.9M.
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)
“Ansys delivered another outstanding quarter, exceeding our financial guidance across all key metrics. We once again had double-digit ACV and revenue growth in constant currency both in the quarter and year-to-date. Our strong Q3 ACV performance was broad based across customer types, geographies and industries in constant currency, which is further evidence of the essential nature of our market-leading simulation portfolio, multiphysics product leadership and deep customer relationships. Looking to the remainder of 2022 and beyond, I am confident in our ability to execute against our outlook,” said Ajei Gopal, Ansys president and CEO.
Nicole Anasenes, Ansys CFO, stated, “Our robust Q3 performance reflects the strength and resiliency of our core business and the sustained importance of simulation to our customers. During Q3, Ansys drove 20% constant currency ACV growth and constant currency revenue growth of 16% and 15% on a GAAP and non-GAAP basis, respectively. Both our Q3 and year-to-date results continue to deliver against our business model of double-digit growth with industry-leading margins. This consistent and strong operational performance bolsters our confidence in achieving our full-year financial guidance.”
A complete chart of the financial results is available here.
About Ansys
When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. Founded in 1970, Ansys is headquartered south of Pittsburgh, PA, USA. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.
Visit www.ansys.com for more information.