Ansys (ANSS - Free Report) reported $496.6 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.4%. EPS of $1.60 for the same period compares to $1.77 a year ago.
The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $491.09 million. With the consensus EPS estimate being $1.49, the EPS surprise was +7.38%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ansys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual Contract Value (ACV): $488.35 million versus $473.70 million estimated by six analysts on average.
- Revenue- Software licenses: $204.90 million versus $214.72 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
- Revenue- Maintenance and service: $291.70 million versus $275.23 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
- Non-GAAP Revenue- Service: $18.01 million versus the four-analyst average estimate of $17.63 million. The reported number represents a year-over-year change of +4.5%.
- Revenue- Subscription Lease: $135 million compared to the $142.91 million average estimate based on four analysts.
- Non-GAAP Revenue- Subscription Lease: $135 million versus the four-analyst average estimate of $142.84 million. The reported number represents a year-over-year change of 0%.
- Non-GAAP Revenue- Perpetual: $69.90 million versus $71.99 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.
- Non-GAAP Revenue- Maintenance: $273.69 million versus the four-analyst average estimate of $257.97 million. The reported number represents a year-over-year change of +9.6%.
- Revenue- Maintenance: $273.69 million versus the four-analyst average estimate of $257.86 million.
- Revenue- Service: $18.01 million compared to the $17.64 million average estimate based on four analysts.
- Revenue- Perpetual: $69.90 million versus $72.03 million estimated by four analysts on average.
View all Key Company Metrics for Ansys here>>>Shares of Ansys have returned +3% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Ansys (ANSS - Free Report) reported $496.6 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.4%. EPS of $1.60 for the same period compares to $1.77 a year ago.
The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $491.09 million. With the consensus EPS estimate being $1.49, the EPS surprise was +7.38%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ansys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual Contract Value (ACV): $488.35 million versus $473.70 million estimated by six analysts on average.
- Revenue- Software licenses: $204.90 million versus $214.72 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
- Revenue- Maintenance and service: $291.70 million versus $275.23 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
- Non-GAAP Revenue- Service: $18.01 million versus the four-analyst average estimate of $17.63 million. The reported number represents a year-over-year change of +4.5%.
- Revenue- Subscription Lease: $135 million compared to the $142.91 million average estimate based on four analysts.
- Non-GAAP Revenue- Subscription Lease: $135 million versus the four-analyst average estimate of $142.84 million. The reported number represents a year-over-year change of 0%.
- Non-GAAP Revenue- Perpetual: $69.90 million versus $71.99 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.
- Non-GAAP Revenue- Maintenance: $273.69 million versus the four-analyst average estimate of $257.97 million. The reported number represents a year-over-year change of +9.6%.
- Revenue- Maintenance: $273.69 million versus the four-analyst average estimate of $257.86 million.
- Revenue- Service: $18.01 million compared to the $17.64 million average estimate based on four analysts.
- Revenue- Perpetual: $69.90 million versus $72.03 million estimated by four analysts on average.
View all Key Company Metrics for Ansys here>>>Shares of Ansys have returned +3% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on ANSS - FREE