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    ANSYS Inc (ANSS)

    Q3 2024 Earnings Summary

    Reported on Jan 1, 1970 (After Market Close)
    Pre-Earnings Price$333.62Last close (Nov 6, 2024)
    Post-Earnings Price$345.00Open (Nov 7, 2024)
    Price Change
    $11.38(+3.41%)
    MetricYoY ChangeReason

    Total Revenue

    +31%

    Multi-year subscription deals and a continued shift to time-based licensing drove significant revenue gains, while robust demand in core industries (e.g., automotive, high-tech) accelerated top-line growth.

    Software Licenses

    +71%

    Increased adoption of subscription leases with larger contract values fueled the jump in license revenue, contrasting with prior reliance on perpetual licenses.

    Subscription Lease Licenses

    +88%

    Large multi-year agreements and broader product use in established markets supported this surge, reflecting customers’ preference for longer-term, higher-value deals.

    Maintenance & Service

    +10%

    Growth stems from renewals linked to prior license sales and steady service demand, balancing shifts from perpetual to subscription maintenance.

    United States

    +43%

    Two major multi-year contracts in the automotive and high-tech sectors drove much of the increase, alongside strong general demand for advanced simulation solutions.

    China & Hong Kong

    +77%

    Improved access to markets and growing enterprise investments in simulation contributed to the rebound, despite prior challenges including export controls and macroeconomic uncertainties.

    Net Income

    +131%

    Higher operating margins from revenue leverage, improved expense management, and increased interest income drove the significant net income jump compared to subdued profits in the previous period.

    EPS (Diluted)

    +132%

    Fueled by substantial net income growth and margin expansion, resulting in a sharp year-over-year rise when compared against the lower earnings base in the prior year.