Ajei Gopal, ANSYS President and CEO, commented, “The ANSYS Pervasive Simulation strategy and the strength of our portfolio continue to drive strong demand for our products and solutions. Our focus on execution is also paying off, and we are off to a strong start in 2018, delivering record revenue and earnings per share, both of which were above the high end of our guidance. During Q1, we had 30 customers each with combined orders over $1 million, including the signing of the largest deal in the Company’s history, a $50 million three-year contract. We continued to see improvement within our European operations, which grew 9% in constant currency, including double-digit revenue growth in Germany, France and the United Kingdom. We also announced the acquisition of OPTIS, a leader in optical simulation. The transaction will add another physics to our multi-physics portfolio, and enhance our product offerings for autonomous vehicles."
Maria Shields, ANSYS CFO, stated, “The investments we are making in the business are yielding measurable results, with our deferred revenue and backlog reaching a record level of $841.7 million, a 29% increase over Q1 2017. Our annual contract value (ACV) grew 10% in constant currency in Q1 2018 as compared to Q1 2017 and we reported record cash flows from operations of $132.4 million for the quarter. Both of these metrics are indicative of the current and longer-term health of the business. We also continued to return capital to stockholders in the form of share repurchases during Q1, purchasing 0.8 million shares.”
ANSYS Announces Q1 2018 Financial Results: a Strong Start Reflecting Record First Quarter Revenue, EPS and Operating Cash Flows Nasdaq:ANSS
