ANSYS, Inc. reported a significant increase in its financial performance for the first quarter of 2025, with total revenue reaching $504.9 million, an 8.2% increase from $466.6 million in the same period last year. The growth was primarily driven by a 12.1% rise in maintenance and service revenue, which totaled $344.9 million, compared to $306.3 million in the prior year. The company's net income also saw a substantial increase, rising to $51.9 million, or $0.59 per diluted share, up from $34.8 million, or $0.40 per diluted share, in the first quarter of 2024.
In terms of operational metrics, ANSYS experienced a notable shift in its customer engagement, with a reported increase in annual contract value (ACV) to $410.1 million, reflecting a 0.7% increase year-over-year. The company’s cash and cash equivalents, along with short-term investments, rose to $1.8 billion, a 22.1% increase from the previous quarter. The employee headcount also grew slightly, from 6,500 at the end of 2024 to 6,600 by March 31, 2025, indicating a focus on expanding its workforce to support growth initiatives.
Strategically, ANSYS is navigating a significant merger agreement with Synopsys, Inc., which was announced on January 15, 2024. This merger is expected to close in the first half of 2025, pending regulatory approvals. As part of this process, ANSYS has agreed to divest its PowerArtist RTL business to facilitate the merger. The company has also been investing in its product offerings, focusing on enhancing its simulation software capabilities, particularly in areas such as artificial intelligence and machine learning, to meet the evolving needs of its customers.
The company’s geographic revenue distribution showed growth across various regions, with the Americas contributing $220.1 million, up from $199.9 million, and Asia-Pacific revenues increasing by 11.7%. However, the EMEA region saw only a slight increase of 0.2%. The fluctuations in foreign currency exchange rates had a negative impact on revenue, with a stronger U.S. dollar affecting international sales. Looking ahead, ANSYS anticipates continued growth driven by its strategic initiatives and the expected benefits from the merger with Synopsys, despite potential challenges from market conditions and currency fluctuations.
About ANSYS INC
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