Caesars Entertainment misses Q2 earnings expectations, shares edge lower
Investing.com -- ANSYS , Inc. (NASDAQ:ANSS) reported first quarter 2025 results that fell short of analyst expectations, sending shares down 3.4% in after-hours trading.
The engineering simulation software company posted revenue of $504.9 million, up 8.2% YoY but below the consensus estimate of $528.28 million. Adjusted earnings per share came in at $1.64, missing analyst projections of $1.76.
ANSYS reported annual contract value (ACV) of $410.1 million, representing just 0.7% growth compared to Q1 2024. However, on a constant currency basis, ACV increased 2.3% YoY.
"The results for the first quarter met the Company’s expectations and it continues to expect double-digit FY 2025 ACV growth," said ANSYS in its earnings release.
Revenue growth was driven by a 12.1% increase in maintenance revenue to $324.4 million. Subscription lease revenue rose 2.2% to $96.9 million, while perpetual license revenue declined 3.8% to $63 million.
By geography, Americas revenue grew 10.4% YoY to $230.4 million. Asia-Pacific revenue increased 11.7% to $155.7 million, while EMEA revenue was relatively flat at $118.9 million.
ANSYS ended the quarter with $1.83 billion in cash and short-term investments. The company generated operating cash flow of $398.9 million, up 41.1% compared to Q1 2024.
As previously announced, ANSYS has entered into an agreement to be acquired by Synopsys (NASDAQ:SNPS), with the deal expected to close in the first half of 2025 pending regulatory approvals.
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