Some better-ranked stocks in the broader technology sector include HP Inc HPQ, Synaptics Incorporated SYNA and Etsy ETSY. Zacks Rank & Stocks to ConsiderĪNSYS currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for earnings is at $7.04 per share.ĪCV is now anticipated between $1.825 billion and $1.86 billion, while operating cash flow is projected between $505 million and $535 million for 2021. Non-GAAP earnings are now envisioned in the range of $7.05-$7.38 per share compared with the previous guidance of $6.85-$7.15. Management expects non-GAAP operating margin in the range of 40.5-41.5% for 2021 compared with 40-41% guided earlier. The Zacks Consensus Estimate is pegged at $1.87 billion. Management projects non-GAAP operating margin in the range of 44.5-47%.įor 2021, ANSYS now expects non-GAAP revenues of $1.885-$1.925 billion compared with the previous guidance of $1.84-$1.89 billion. The Zacks Consensus Estimate is pegged at $629.5 million.
Non-GAAP revenues are anticipated between $614.9 million and $654.9 million. The Zacks Consensus Estimate is currently pegged at $2.74 per share. Guidanceįor fourth-quarter 2021, ANSYS expects non-GAAP earnings in the range of $2.48-$2.81. In October 2021, the company concluded the acquisition of Zemax for $411.5 million paid in cash net of cash acquired from Zemax, bringing the actual cash payment to $399.1 million. As of Sep 30, 2021, it had 2.7 million shares remaining under the share buyback program. The company repurchased 0.1 million shares worth $36 million in the third quarter. The company generated cash from operations of $157.8 million in the third quarter compared with $118.9 million in the prior quarter. Story continues Balance Sheet & Cash FlowĪs of Sep 30, 2021, cash and short-term investments amounted to $1.081 billion (the United States contributed 69%) compared with $958.2 million (the United States contributed 66%) as of Jun 30, 2021.Īs of Sep 30, 2021, the company’s long-term debt stood at $753.5 million. Non-GAAP operating margin contracted 10 bps on a year-over-year basis to 39.7%. Total operating expenses increased 21.2% year over year to $270.8 million, due to higher research and development as well as selling, general and administrative expenses. Non-GAAP gross margin expanded 70 basis points (bps) on a year-over-year basis to 89.9%. Strength in the aerospace and defense, high-tech, automotive and semiconductor sectors led to increases in overall revenues. Revenues from Asia-Pacific increased 21.1% to $120 million.
Revenues from EMEA declined 6.1% to $102 million.
Non-GAAP revenues from Americas rallied 37.3% to $223.4 million at cc. and other EMEA) and the Asia-Pacific (Japan and Other Asia-Pacific) contributed 50.2%, 22.9% and 26.9% to non-GAAP revenues, respectively. On a geographic basis, non-GAAP revenues from Americas, EMEA (comprising Germany, the U.K. Service revenues (3.8%) increased 25.9% year over year to $16.9 million.ĭirect and indirect channels contributed 74.4% and 25.6%, respectively, to non-GAAP revenues.Īnnual contract value or ACV increased 19.7% year over year (up 19.3% at cc) to $365.4 million. Maintenance revenues (51.2%) increased 6.3% at cc to $228 million. Perpetual licenses revenues (18%) rose 27.2% year over year at cc to $79.9 million. Lease licenses revenues (27.1% of non-GAAP revenues) increased 52% at cc to $120.5 million.