Ansys Announces Q2 Financial Results With Q2 Record Revenue, ACV and Operating Cash Flow

Fiscal Year 2020 Guidance

The Company currently expects the following for the fiscal year ending December 31, 2020:

(in millions, except per share data) GAAP  Non-GAAP
Revenue$1,558.7 - $1,633.7 $1,570.0 - $1,645.0
Diluted earnings per share$4.01 - $4.70 $5.75 - $6.35

In the third quarter and fiscal year 2020 guidance reflected above, the expected impacts of non-GAAP adjustments associated with the acquisition accounting for deferred revenue are $2.1 million and $11.3 million, respectively.

(in millions) Other Financial
Metrics
ACV$1,520.0 - $1,585.0
Operating cash flows$435.0 - $475.0
  

Conference Call Information

Ansys will hold a conference call at 8:30 a.m. Eastern Time on August 6, 2020 to discuss second quarter results. The Company will provide its prepared remarks on the Company’s investor relations homepage and as an exhibit in its Form 8-K in advance of the call to provide stockholders and analysts with additional time and detail for analyzing its results in preparation for the conference call. The prepared remarks will not be read on the call, and only brief remarks will be made prior to the Q&A session. The Company will also post a complementary investor presentation titled "Q2 2020 Investor Presentation" that can be accessed by clicking Events & Presentations, then Presentations at https://investors.ansys.com.

To participate in the live conference call, dial 855-239-2942 (US) or 412-542-4124 (Canada & Int’l). The call will be recorded and a replay will be available within two hours after the call. The replay will be available by dialing (877) 344-7529 (US), (855) 669-9658 (Canada) or (412) 317-0088 (Int’l) and entering the passcode 10146121. The archived webcast can be accessed, along with other financial information, on Ansys' website at https://investors.ansys.com/events-and-presentations/events-calendar.

 
ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)
(in thousands) June 30, 2020  December 31, 2019
ASSETS:   
Cash & short-term investments $ 744,979  $872,382 
Accounts receivable, net 343,247  433,479 
Goodwill 2,474,299  2,413,280 
Other intangibles, net 481,694  476,711 
Other assets 627,647  643,035 
Total assets $ 4,671,866  $4,838,887 
LIABILITIES & STOCKHOLDERS' EQUITY:   
Current deferred revenue $ 325,098  $351,353 
Long-term debt 423,683  423,531 
Other liabilities 485,037   610,624  
Stockholders' equity 3,438,048     3,453,379  
Total liabilities & stockholders' equity $ 4,671,866     $ 4,838,887  
               

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