Ansys Inc.


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SKU: ANSS Category:


Ansys has reached the target price from our last report as the company was comfortably able to beat its financial guidance across all its key metrics in the recent Q2 result. Its total revenue for Q2 rose by nearly 16% in constant currency and a major green flag was the ACV (Average Contract Value) of $430.5 million increased year-over-year by a staggering 25% (and 23% in constant currency). The company currently has a balance of GAAP deferred revenue and backlog of $927.1 million, a 10% increase over Q2 last year, rendering a strong foreseeability for the rest of the year. Despite the uncertainties of the Delta variant, Ansys’s customers continue to invest in innovation, product design, and R&D to drive their future successes. Furthermore, the management increased their full-year ACV outlook to be in the range of $1,800 million to $1,845 million, representing growth of 11.4% to 14.1%, a highly positive sign for investors. Given their strong result, we are optimistic about Ansys and and give it a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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