ANSYS Q2 2024 Earnings Report

ANSYS EPS Results

• Actual EPS: $2.50
• Consensus EPS: $1.92
• Beat/Miss: Beat by +$0.58
• One Year Ago EPS: $1.06

ANSYS Revenue Results

• Actual Revenue: $594.14 million
• Expected Revenue: $550.30 million
• Beat/Miss: Beat by +$43.84 million
• YoY Revenue Growth: +19.60%

ANSYS Announcement Details

• Quarter: Q2 2024
• Date: 7/31/2024
• Time: After Market Closes

ANSYS (NASDAQ:ANSS) develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite. The company also offers electronics product suite that provides electromagnetic field simulation software for designing electronic and electromechanical products; Ansys High Frequency Structure Simulator product for radio frequency and microwave design; SCADE product suite, a solution for embedded software simulation, code production, and automated certification; fluids product suite that enables modeling of fluid flow and other related physical phenomena; Ansys Fluent computational fluid dynamics software package; Ansys RedHawk-SC for electronic design automation; Ansys Optics software; and mission-simulation, modeling, testing, and analysis software. In addition, it offers Ansys Granta MI system for materials information management; Ansys Granta Selector technology for materials selection and graphical analysis; CES EduPack product, a set of teaching resources; Granta Materials Data for Simulation; Ansys Lumerical product, a photonics simulation software solution; safety-certified embedded software solutions; Discovery product family for use in the simulation of product design; academic product suite for research and teaching settings. ANSYS, Inc. was founded in 1970 and is headquartered in Canonsburg, Pennsylvania.