Ansys Announces Financial Results With Record Q2 ACV and Revenue

/ Other Performance Metrics

(in millions, except percentages) Q2 QTD 2021  Q2 QTD 2020  % Change  % Change in Constant Currency
ACV $ 430.5  $344.4  25 % 23%
Operating cash flows $ 118.9  $131.6  (10)%  


(in millions, except percentages) Q2 YTD 2021  Q2 YTD 2020  % Change  % Change in Constant Currency
ACV $ 749.9  $645.5  16% 14%
Operating cash flows $ 290.0  $279.0  4%  

ACV is a metric the Company uses to better understand the business. There is no GAAP measure comparable to ACV. ACV is composed of the following:

  • the annualized value of maintenance and lease contracts with start dates or anniversary dates during the period, plus
  • the value of perpetual license contracts with start dates during the period, plus
  • the annualized value of fixed-term services contracts with start dates or anniversary dates during the period, plus
  • the value of work performed during the period on fixed-deliverable services contracts.

/ Management's 2021 Financial Outlook

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