ANSYS (ANSS) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue reached $882.2M, up 10% year-over-year (11% in constant currency); FY 2024 revenue was $2.54B, up 12% (13% in constant currency).

• GAAP diluted EPS for Q4 2024 was $3.21 (up from $3.14); non-GAAP diluted EPS was $4.44 (up from $3.94).

• FY 2024 GAAP diluted EPS was $6.55 (up from $5.73); non-GAAP diluted EPS was $10.91 (up from $8.80).

• Annual contract value (ACV) for Q4 2024 was $1.09B, up 15% year-over-year (16% in constant currency); FY 2024 ACV was $2.56B, up 11% (13% in constant currency).

• Synopsys acquisition is pending, with regulatory reviews ongoing and closure expected in H1 2025.

Financial highlights

• Q4 2024 GAAP operating margin was 40.3%; non-GAAP operating margin was 53.3%.

• FY 2024 GAAP operating margin was 28.2%; non-GAAP operating margin was 45.7%.

• Q4 2024 operating cash flow was $258M; FY 2024 operating cash flow was $796M.

• Q4 2024 unlevered operating cash flow was $267M; FY 2024 unlevered operating cash flow was $835M.

• Deferred revenue and backlog at year-end totaled $1.72B.

Outlook and guidance

• Double-digit ACV growth expected for FY 2025.

• No formal quarterly or annual guidance provided due to pending Synopsys transaction.