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Ansys (NASDAQ:ANSS) Inc’s stock reached a notable milestone, hitting a 52-week high at 366.08 USD, with the $31.05 billion market cap company demonstrating impressive financial metrics. According to InvestingPro data, the company maintains exceptional gross profit margins of 92.48%. This achievement marks a significant point for the engineering simulation software company as it reflects a positive trajectory in its market performance. Over the past year, Ansys has experienced a 1-year change of 8.03%, while delivering strong revenue growth of 15.98%. InvestingPro subscribers have access to 13 additional key insights about Ansys’s performance and valuation. The company’s ability to reach this peak highlights its resilience and the confidence investors have in its future prospects. With a strong Altman Z-Score of 14.87 indicating solid financial health, and seven analysts revising earnings upward for the upcoming period, Ansys continues to demonstrate its strength in the competitive tech industry.
In other recent news, Ansys reported first-quarter 2025 results that did not meet analyst expectations. The company posted revenue of $504.9 million, which was an 8.2% increase year-over-year but fell short of the consensus estimate of $528.28 million. Adjusted earnings per share were $1.64, missing projections of $1.76. Ansys also announced an annual contract value of $410.1 million, showing a modest 0.7% growth compared to the previous year, though it increased by 2.3% on a constant currency basis. Despite these misses, Ansys expressed confidence in achieving double-digit annual contract value growth for the full fiscal year 2025.
Additionally, Ansys is in the advanced stages of a proposed merger with Synopsys (NASDAQ:SNPS), pending final approval from Chinese regulators. The $35 billion acquisition has received clearance in all other jurisdictions, but China’s market regulator has postponed its decision amid geopolitical tensions. In corporate governance news, Ansys shareholders elected all seven director nominees and ratified Deloitte & Touche LLP as the independent accounting firm for fiscal year 2025. Shareholders also approved the executive compensation plan, although a proposal for shareholder rights to act by written consent was rejected.
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