ANSYS’s Q4 2024 and FY 2024 Financial Results: A Detailed Analysis
ANSYS, Inc., a leading provider of engineering simulation software and services, recently reported its financial results for the fourth quarter and fiscal year ended December 31, 2024. Here’s a closer look at the key financial metrics:
Q4 2024 Results
Revenue for the quarter came in at $882.2 million, representing a 10% increase in reported currency or an 11% growth in constant currency, compared to the same period last year. GAAP diluted earnings per share were $3.21, while non-GAAP diluted earnings per share stood at $4.44.
Operating profit margin was reported at 40.3% on a GAAP basis and 53.3% on a non-GAAP basis. Operating cash flows amounted to $258.0 million, and unlevered operating cash flows reached $266.8 million.
FY 2024 Results
ANSYS reported full-year revenue of $2,544.8 million, representing a 12% increase in reported currency or a 13% growth in constant currency, compared to the previous fiscal year. GAAP diluted earnings per share were $6.55, and non-GAAP diluted earnings per share were $10.91.
GAAP operating profit margin was 28.2%, while non-GAAP operating profit margin was 45.7%. Operating cash flows for the year totaled $795.7 million, and unlevered operating cash flows amounted to $834.6 million.
Annual Contract Value (ACV)
ANSYS’s ACV for the fiscal year 2024 was $1,094.6 million, and $2,563.0 million for the full year 2024.
Deferred Revenue and Backlog
As of December 31, 2024, ANSYS had deferred revenue and backlog of $1,718.3 million.
Impact on Individuals
ANSYS’s strong financial performance can positively affect individuals in various ways. For instance:
- Shareholders and investors: The impressive financial results could lead to increased share prices and higher returns on investment.
- Employees: ANSYS’s continued growth and profitability may result in job security and potential salary increases.
- Customers: The company’s strong financial position could mean continued innovation and better support for its customers.
Impact on the World
ANSYS’s financial success can have a ripple effect on the world:
- Innovation: ANSYS’s engineering simulation software and services help businesses and organizations create better products and solutions, contributing to advancements in various industries.
- Economy: ANSYS’s financial success and continued growth can contribute to a stronger economy by creating jobs and generating revenue.
- Technology: ANSYS’s financial performance highlights the growing importance of simulation technology and its role in addressing complex engineering challenges.
Conclusion
ANSYS’s strong Q4 2024 and FY 2024 financial results demonstrate the company’s continued growth and profitability, which can have positive implications for shareholders, employees, customers, and the world at large. The company’s commitment to innovation and technological advancements in engineering simulation software and services will undoubtedly contribute to its ongoing success.
As we look to the future, ANSYS’s financial performance and continued innovation are poised to have a significant impact on individuals and the world, driving advancements in various industries and contributing to a stronger economy.
