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Here's What Key Metrics Tell Us About Ansys (ANSS) Q4 Earnings
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Ansys (ANSS - Free Report) reported $805.11 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.9%. EPS of $3.94 for the same period compares to $3.09 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $791.61 million, representing a surprise of +1.71%. The company delivered an EPS surprise of +6.49%, with the consensus EPS estimate being $3.70.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ansys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annual Contract Value (ACV): $955.16 million versus $922.71 million estimated by six analysts on average.
Revenue- Maintenance and service: $302.83 million versus $330.17 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
Revenue- Software licenses: $502.28 million versus $461.14 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +21.4% change.
Non-GAAP Revenue- Maintenance: $283.13 million compared to the $311.22 million average estimate based on five analysts. The reported number represents a change of +8% year over year.
Non-GAAP Revenue- Perpetual: $102.72 million versus $94.25 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.
Non-GAAP Revenue- Subscription Lease: $399.56 million versus the five-analyst average estimate of $362.48 million. The reported number represents a year-over-year change of +23.1%.
Non-GAAP Revenue- Service: $19.70 million versus $22.15 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
Revenue- Subscription Lease: $399.56 million compared to the $352.86 million average estimate based on four analysts.
Revenue- Maintenance: $283.13 million versus the four-analyst average estimate of $316.87 million. The reported number represents a year-over-year change of +8.2%.
Revenue- Service: $19.70 million compared to the $22.54 million average estimate based on four analysts. The reported number represents a change of +4.9% year over year.
Revenue- Perpetual: $102.72 million compared to the $96.70 million average estimate based on four analysts.
Shares of Ansys have returned -2.8% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Ansys (ANSS) Q4 Earnings
Ansys (ANSS - Free Report) reported $805.11 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.9%. EPS of $3.94 for the same period compares to $3.09 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $791.61 million, representing a surprise of +1.71%. The company delivered an EPS surprise of +6.49%, with the consensus EPS estimate being $3.70.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ansys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual Contract Value (ACV): $955.16 million versus $922.71 million estimated by six analysts on average.
- Revenue- Maintenance and service: $302.83 million versus $330.17 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
- Revenue- Software licenses: $502.28 million versus $461.14 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +21.4% change.
- Non-GAAP Revenue- Maintenance: $283.13 million compared to the $311.22 million average estimate based on five analysts. The reported number represents a change of +8% year over year.
- Non-GAAP Revenue- Perpetual: $102.72 million versus $94.25 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.
- Non-GAAP Revenue- Subscription Lease: $399.56 million versus the five-analyst average estimate of $362.48 million. The reported number represents a year-over-year change of +23.1%.
- Non-GAAP Revenue- Service: $19.70 million versus $22.15 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
- Revenue- Subscription Lease: $399.56 million compared to the $352.86 million average estimate based on four analysts.
- Revenue- Maintenance: $283.13 million versus the four-analyst average estimate of $316.87 million. The reported number represents a year-over-year change of +8.2%.
- Revenue- Service: $19.70 million compared to the $22.54 million average estimate based on four analysts. The reported number represents a change of +4.9% year over year.
- Revenue- Perpetual: $102.72 million compared to the $96.70 million average estimate based on four analysts.
View all Key Company Metrics for Ansys here>>>Shares of Ansys have returned -2.8% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.