Ansys Announces Q1 Financial Results
| |
Non-GAAP |
|
(in thousands, except per share data and percentages) |
Q1 2024 | |
Q1 2023 | |
% Change |
| Net income |
$ |
121,996 | | | $ | 161,763 | | | (24.6)% |
| Diluted earnings per share |
$ |
1.39 | | | $ | 1.85 | | | (24.9)% |
| Gross margin | |
90.9 |
% | | | 91.2 | % | | |
| Operating profit margin | |
32.2 |
% | | | 39.8 | % | | |
| Effective tax rate | |
17.5 |
% | | | 17.5 | % | | |
| |
Other Metrics |
|
(in thousands, except percentages) |
Q1 2024 | |
Q1 2023 | |
% Change |
| ACV |
$ |
407,405 | | $ | 399,407 | | 2.0 | % |
| Operating cash flows |
$ |
282,817 | | $ | 260,766 | | 8.5 | % |
| Unlevered operating cash flows |
$ |
292,667 | | $ | 269,516 | | 8.6 | % |
