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ANSYS, Inc. ANSS reported fourth-quarter 2024 earnings of $4.44 per share, which beat the Zacks Consensus Estimate by 11%. The bottom line also increased 12.7% year over year.
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Revenues of $882.2 million surpassed the Zacks Consensus Estimate by 1%. The top line rose 9.6% year over year on a reported basis and 11% on a constant currency (cc) basis. This revenue growth was driven by solid growth in maintenance and subscription lease revenues.
In January 2024, Ansys and Synopsys announced a $35 billion acquisition deal, under which Ansys shareholders will receive $197 in cash and 0.3450 Synopsys shares per ANSS share. On Oct. 9, 2024, the Israeli Competition Authority granted unconditional clearance.
The deal has received conditional approval from the European Commission, with the U.K. Competition and Markets Authority provisionally accepting proposed remedies. China’s State Administration for Market Regulation is reviewing the filing, and regulatory approvals in other jurisdictions are in progress. The transaction is expected to close in the first half of 2025, pending regulatory clearance and customary conditions. Due to the pending acquisition, Ansys has suspended earnings calls and stopped providing financial guidance.
Shares of ANSS are up 2.3% in the after-market trading on Feb. 19, 2025. In the past year, shares have gained 5.6% compared with the Zacks Computer - Software industry's growth of 9.5%.
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ANSS’ Quarter in Detail
Subscription lease revenues (50% of total revenues) were up 12.1% year over year at cc to $441.1 million. Perpetual licenses revenues (11.6%) were up 1.7% at cc to $102.3 million.
Maintenance revenues (36.2%) climbed 13.8% year over year at cc to $319.4 million. Service revenues (2.2%) were down 1.2% at cc to $19.4 million.
Direct and indirect channels contributed 79.7% and 20.3%, respectively, to total revenues. ACV grew 14.6% year over year to $1.1 billion. The figure was up 16.3% at cc. In the fourth quarter of 2024, Ansys’ ACV accounted for 43% of the of the full-year 2024 ACV. Contributions from the first, second and third quarters were 16%, 20% and 21%, respectively. The company anticipates double-digit ACV growth in 2025.
ANSYS, Inc. Price, Consensus and EPS Surprise
ANSYS, Inc. price-consensus-eps-surprise-chart | ANSYS, Inc. Quote
On a regional basis, the Americas, EMEA (comprising Germany, the U.K. and other EMEA) and the Asia-Pacific (Japan and Other Asia-Pacific) contributed 51.9%, 30.5% and 17.6% to revenues, respectively. Revenues from the Americas were up 11.5% year over year at cc to $457.8 million. EMEA revenues were up 16.3% at cc to $269.1 million. Revenues from the Asia-Pacific increased 1.8% at cc to $155.4 million.