ANSYS reports solid second quarter results
ANSYS Inc. Thursday reported revenue of $246.1 million on earnings of $69.6 million, or 78 cents per share.
The Southpointe-based provider of simulated engineering software said its earnings were 12 percent higher than the $62.3 million it posted for the comparable quarter of 2015.
For the most recent quarter, the company also reported record high deferred revenue and a backlog of $523.6 million at June 30.
“Q2 was a very solid quarter for ANSYS on many fronts, including revenues in the upper half of our guidance range, and earnings above the high end of our range, even in light of the ongoing evolution to time-based licenses, cloud and enterprise agreements,” said CEO Jim Cashman.
During the quarter, the company released ANSYS 17.1 and introduced the ANSYS seaScape platform and SeaHawk solution.
“Based on big data architecture with scalable server computation, solutions times are reduced from weeks to hours, while increasing accuracy,” Cashman said of the latest releases.