Quickie: ANSYS’ Q3 well ahead of expectations
We’re on day 4 of no power here in our little slice of (New England) paradise, so this must be short, if there’s any hope of uploading it. More after the earnings call and once Net access is back to normal.
ANSYS reported a Q3 that basically blew past its forecast and also set solid guidance for Q4, so expect investors to be pleased. The highlights:
- Total revenue was $276 million, up 12% (as reported and in constant currencies). The company had guided to $257 million to $266 million, so one good question for the earnings call is: why so much upside?
- Software revenue was $157 million, up 12%, while maintenance revenue was $112 million, also up 12%. Services revenue was $7 million, up 11%
- Within the software category, revenue from leases was $94 million, up 9%, while perpetual revenue was $63 million, up 17%
CEO Ajei Gopal sai din prepared remarks that ANSYS closed 25 seven-figure deals, including a three-year deal of over $45 million, the largest in the Company’s history .. Our third quarter success was led by double-digit revenue growth in both North America and Asia-Pacific. We also saw improved performance in Europe, which rose 5% in constant currency. Overall, our results demonstrate the continued progress we are making toward achieving our goal of sustainable, double-digit top line growth by 2020.”
More later. Shout out to the power crews working so hard to restore power — thank you!