ANSYS Q4 revenue up 4%, at low end of guidance

Feb 25, 2016 | Hot Topics

ANSYS just reported that Q4 revenue was $252 million, up 4% year/year, for a total of $943 million in 2015, up 8%.

CEO Jim Cashman said in prepared remarks that the “fourth quarter presented us with a combination of both challenges and opportunities … Q4 revenue came in at the low end of our expectations. Quarterly sales bookings showed strong improvement, exceeding the revenue growth rate, and contributed to a record total deferred revenue and backlog balance of $504 million.”

The company set targets for Q1 and 2016. Q1 revenue is forecast to be in the range of $224 million to $232 million, which would be up around 5% from Q1 2015. For 2016, the company sees total revenue of $995 million to $1,030 million, up around 8%. That 2016 number is a bit lower than the company’s November forecast of $1.01 billion to $1.05 billion, so it doesn’t look like Q4 revenue slipped into Q1 — but that $15 million difference could be due to currency assumptions, too.

We’ll know more about why Q4 revenue was at the low end of guidance and how ANSYS sees 2016 ramping up to hit that full-year target after the earnings call in a few hours.