ANSYS Reports Earnings Results for Q2 of FY2023

August 23, 2023

🌥️Earnings Overview

On August 2 2023, ANSYS ($NASDAQ:ANSS) reported revenue of USD 496.6 million for the second quarter of FY2023 (ending June 30 2023), representing a 4.8% year-on-year increase. However, reported net income declined by 29.6% to USD 69.5 million compared to the same period last year.

Stock Price

On Wednesday, ANSYS reported their financial results for Q2 of FY2023. ANSYS stock opened at $333.1 and closed at $325.4, down by 3.4% from the previous closing price of 336.7. The results exceeded analyst expectations and showed the company‚Äôs ability to continue to grow in the face of challenging market conditions. Live Quote…

About the Company

  • ANSYS_Reports_Earnings_Results_for_Q2_of_FY2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Ansys. ANSYS_Reports_Earnings_Results_for_Q2_of_FY2023″>More…

    Total Revenues Net Income Net Margin
    2.17k 524.07 24.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Ansys. ANSYS_Reports_Earnings_Results_for_Q2_of_FY2023″>More…

    Operations Investing Financing
    624.75 -375.39 -281.93
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Ansys. ANSYS_Reports_Earnings_Results_for_Q2_of_FY2023″>More…

    Total Assets Total Liabilities Book Value Per Share
    6.61k 1.69k 56.64
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Ansys are shown below. ANSYS_Reports_Earnings_Results_for_Q2_of_FY2023″>More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    12.6% 11.5% 28.4%
    FCF Margin ROE ROA
    27.5% 7.9% 5.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we’ve conducted an analysis of ANSYS‘s financials and have given them a Risk Rating. Based on our findings, we have determined that ANSYS is a high risk investment in terms of financial and business aspects. In fact, our analysis has uncovered 3 risk warnings in the balance sheet, cashflow statement, and non-financial areas. If you are interested in learning more about these warnings and discovering what solutions may be available to address them, become a registered user of GoodWhale today and check out our detailed report. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Ansys Inc is a publicly traded company on the Nasdaq Global Select Market under the ticker ANSS. It is headquartered in Canonsburg, Pennsylvania, United States. The company develops and markets engineering simulation software used by engineers, designers, and architects to visualize how a product behaves under real-world conditions. Customers include corporations in the aerospace, automotive, consumer goods, electronics, energy, heavy industry, and biomedical industries.

    Zwsoft Co Ltd (Guangzhou), Touchtech AB, System D Inc, are all companies that compete with Ansys Inc.

    – Zwsoft Co Ltd (Guangzhou) ($SHSE:688083)

    Zwsoft Co Ltd (Guangzhou) has a market cap of 16.94B as of 2022, a Return on Equity of 2.39%. The company is a software development company that focuses on providing design and drafting software solutions for the AEC industry. Its products include ZWCAD, ZW3D, and ZW CAD/CAM.

    – Touchtech AB ($LTS:0GIM)

    Touchtech AB’s market cap is 3.63M as of 2022. The company has a Return on Equity of -6.31%. Touchtech AB is a Swedish company that develops and sells touch screen technology. The company was founded in 2002 and is headquartered in Stockholm, Sweden.

    – System D Inc ($TSE:3804)

    System D Inc is a publicly traded company with a market capitalization of $9.15 billion as of 2022. The company’s return on equity is 16.51%. System D Inc is engaged in the business of providing information technology services. The company offers a range of services, including software development, application management, and infrastructure management.

    Summary

    ANSYS Inc. experienced mixed results for its second quarter of FY 2023, ending June 30 2023, as reported on August 2 2023. Total revenue for the quarter was USD 496.6 million, a 4.8% increase year-on-year, while reported net income was USD 69.5 million, a 29.6% decrease year-on-year. As such, investors did not respond favorably, with the stock price moving down the same day. Going forward, investors should carefully monitor ANSYS’ long-term performance and financials in order to gain an understanding of how this company’s business model is performing in light of the changing economic environment.

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