Q3 2024 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
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. |