NASDAQ$ANSS

ANSYS · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

ANSYS met Q1 revenue and earnings guidance, initiated Q2 outlook, and revised FY 2020 outlook due to COVID-19 developments, also completed the acquisition of Lumerical Inc.

ANSYS, Inc. reported first quarter GAAP revenue of $305.0 million and non-GAAP revenue of $308.9 million. The company reported earnings per share of $0.53 and $0.83 on a GAAP and non-GAAP basis, respectively. Despite a challenging global environment due to COVID-19, the company's revenue, earnings, and operating margin were near the middle of the guidance ranges.

  • GAAP revenue of $305.0 million and non-GAAP revenue of $308.9 million.
  • GAAP diluted earnings per share of $0.53 and non-GAAP diluted earnings per share of $0.83.
  • GAAP operating profit margin of 11.2% and non-GAAP operating profit margin of 29.3%.
  • Deferred revenue and backlog of $835.0 million at March 31, 2020, which is an increase of 24% over the year-ago period.

Headline financials

Total Revenue

$309M

Previous: $320M-3.4%
EPS (adj)

$0.83

Previous: $1.29-35.7%
Annual Contract Value

$301M

No prior period
Net Income

$46.1M

Previous: $86.2M-46.6%
Operating Income

$34.1M

Previous: $95.6M-64.4%
Gross Profit

$255M

Previous: $282M-9.7%
Cash & Equivalents

$718M

Previous: $607M+18.2%
Total Assets

$4.53B

Previous: $3.37B+34.2%
Stock-Based Comp

$30.9M

Previous: $23.8M+30.0%

Revenue & EPS history

ANSYS · Revenue · Quarterly

$309M

Q1 2020-3.4%vs Q1 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

ANSYS · $232M total across 1 segment · Q2 2021

  • Maintenance
    $232M

Forward guidance

The Company's second quarter and fiscal year 2020 revenue and diluted earnings per share guidance is provided below. The Company is also providing its fiscal year 2020 guidance for ACV and operating cash flows.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports

Historical avg

+0.3%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.4%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+13.0%

Q2 2012

Best reaction

-9.9%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2025-0.7%+0.3%+2.8%
Q4 2025+1.1%-1.9%-3.7%
Q3 2025+9.6%+6.8%+6.3%
Q2 2024+1.8%-2.5%+5.6%
Q1 2024-3.2%-1.1%-2.4%
Q4 2023+2.5%+1.3%+5.2%
Q3 2023-1.9%+1.0%+5.5%
Q2 2023-9.3%-8.9%-5.2%
Q1 2023-1.9%-4.7%+5.2%
Q4 2022+10.9%+11.2%+18.8%
Q3 2022-3.3%+1.0%+17.0%
Q2 2022+6.0%+2.3%-11.5%
Q1 2022-2.6%-11.0%-7.4%
Q4 2021+4.5%+7.0%+1.9%
Q3 2021+6.7%+5.7%+0.3%
Q2 2021+0.7%+0.3%-0.6%
Q1 2021-5.1%
Q4 2020-9.9%
Q3 2020+3.9%
Q2 2020+2.1%
Q1 2020-0.6%
Q4 2019-8.4%
Q3 2019+3.3%
Q2 2019+1.5%
Q1 2019-2.3%
Q4 2018+1.4%
Q3 2018+11.0%
Q2 2018-0.3%
Q1 2018-0.1%
Q4 2017-4.1%
Q3 2017+8.8%
Q2 2017-5.3%
Q1 2017+7.8%
Q4 2016+2.5%
Q3 2016-6.6%
Q2 2016+5.0%
Q1 2016-5.9%
Q4 2015-2.9%
Q3 2015-4.3%
Q2 2015-2.4%
Q1 2015-1.2%
Q4 2014-0.4%
Q3 2014+1.2%
Q2 2014+2.7%
Q1 2014-3.0%
Q4 2013-1.1%
Q3 2013-5.2%
Q2 2013+12.0%
Q1 2013-6.7%
Q4 2012+2.0%
Q3 2012-3.6%
Q2 2012+13.0%
Q1 2012+2.2%
Q4 2011-3.3%
Q3 2011+6.7%
Q2 2011-0.9%
Q1 2010-0.7%
Q1 2011-0.5%
Q4 2008+4.1%
Q4 2010+4.1%
Q3 2010+1.4%
Q3 2009+1.4%
Q2 2010-5.1%
Q2 2009-5.1%
Q4 2009-5.1%

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