Ansys Beats Earnings

After the closing bell, Ansys (ANSS) reported Q4 earnings of $2.24 per share. Wall Street had been expecting $1.98 per share. For the year, Ansys made $6.58 per share.

Ajei Gopal, Ansys President & CEO, said, “Q4 was an outstanding quarter concluding a stellar 2019. We grew double digits across revenue and ACV for the quarter and the year, and I am confident we are tracking towards our 2022 objective of $2 billion in ACV.”

For Q1, Ansys sees revenues ranging between $300 million and $320 million and earnings between 75 and 88 cents per share.

That’s well below consensus. Wall Street had been expecting $360 million and earnings of $1.36 per share.

For the year, Ansys sees revenues between $1.64 billion and $1.70 billion, and EPS between $6.19 and $6.71.

For the year, Wall Street had been expecting $1.68 billion and earnings of $6.76 per share.

The stock was up 1.4% today. The stock is currently down about 6% in the after-hours market.

Posted by on February 26th, 2020 at 4:21 pm


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