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ANSYS (ANSS)

Q3 2024 Earnings Summary

Reported on Nov 6, 2024 (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.

Research analysts covering ANSYS.