secwatch.observer — SEC 8-K summary
======================================

Issuer:     ANSYS INC (—)
CIK:        0001013462
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001013462-24-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ANSYS Q1 revenue $466.6M (-8% YoY); GAAP EPS $0.40 vs $1.15; non-GAAP EPS $1.39 vs $1.85
--------------------------------------------------------------------------------

- GAAP diluted EPS $0.40, down 65% from $1.15 in Q1 2023; non-GAAP EPS $1.39 vs $1.85.
- Revenue of $466.6M, down 8% reported and constant currency year-over-year.
- Annual Contract Value (ACV) $407.4M, up 2% reported / 3% constant currency.
- Company reiterates expectation of double-digit ACV and revenue growth for remaining 2024 quarters.
- Earnings conference calls and quarterly/annual guidance suspended due to pending Synopsys acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013462/000101346224000014/0001013462-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013462/000101346224000014/anss-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001013462-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer