ANSYS Reports Record Second Quarter Earnings for FY2023
August 14, 2023
🌥️Earnings Overview
On August 2 2023, ANSYS ($NASDAQ:ANSS) reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. Total revenue for the quarter increased by 4.8% year-over-year to USD 496.6 million, but net income was reported at USD 69.5 million, a decrease of 29.6% compared to the same period of the prior year.
Stock Price
At the start of the day, the company’s stock opened at $333.1, but closed at $325.4, which was down by 3.4% from its prior closing price of 336.7. Despite the drop in stock value, ANSYS reported impressive numbers for the quarter. The strong second quarter results demonstrate the company’s commitment to providing innovative products and services to its customers.
ANSYS is confident that it will continue to see growth in the coming quarters, as its solutions remain market leaders in engineering simulation software and services. Investors should take note of this strong performance and keep an eye on further developments at ANSYS. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ansys. ANSYS_Reports_Record_Second_Quarter_Earnings_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 2.17k | 524.07 | 24.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ansys. ANSYS_Reports_Record_Second_Quarter_Earnings_for_FY2023″>More…
| Operations | Investing | Financing |
| 624.75 | -375.39 | -281.93 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ansys. ANSYS_Reports_Record_Second_Quarter_Earnings_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.61k | 1.69k | 56.64 |
Key Ratios Snapshot
Some of the financial key ratios for Ansys are shown below. ANSYS_Reports_Record_Second_Quarter_Earnings_for_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% |
Analysis
At GoodWhale, we conducted an analysis of ANSYS‘s fundamentals and found that it is rated as a high risk investment in regards to both financial and business aspects. We have identified 3 risk warnings in the balance sheet, cashflow statement, and non financial areas. To help you assess the potential risks of investing in ANSYS, we encourage you to register on our website, goodwhale.com, where you can review our findings in more detail. Our analysis is designed to provide you with a comprehensive look at the various factors that could influence your decision to invest in ANSYS. With GoodWhale, you can rest assured that you have a thorough understanding of ANSYS’s fundamentals and the risks involved before making any financial decisions. More…
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
Investors in ANSYS had a tough day on August 2, 2023 as the company released their second quarter of FY2023 earnings results, which showed total revenue had increased 4.8% year-over-year but net income had decreased 29.6% compared to the same period of the prior year. Consequently, the stock price dropped the same day. Ultimately, investors need to weigh the overall performance of the company when making decisions on whether or not to invest in ANSYS. Analyzing current performance, potential future growth, and other metrics such as return on investment are all important considerations to make before making any investment decisions.
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