PITTSBURGH – Ansys reported third quarter revenue of $441.2 million, growth of 20% year-over-year.

Net income was $85.3 million, an increase of 13% compared to the same quarter in 2020.

"Ansys recorded excellent third quarter results, in which we exceeded our financial guidance across all key metrics,” said Ajei Gopal, Ansys president and CEO. “Our double-digit growth thus far in 2021 is further evidence of our multiphysics product leadership and strong customer relationships, which are furthering our strategy of making simulation pervasive across the product lifecycle. In October, we added to our market-leading portfolio with the acquisition of Zemax, expanding the scope of Ansys’ solution offering. With the addition of Zemax technologies, the industry-leading Ansys product portfolio will offer customers comprehensive, end-to-end solutions for simulating next-generation optical and photonics products.”

“Our strong third quarter performance reflects the strength of our core business and continued momentum across our enterprise and small- and medium-sized customers,” said Nicole Anasenes, CFO, Ansys. "Our year-to-date results indicate we are tracking to our business model of double-digit growth with industry-leading margins. Looking toward the end of the year, we continue to see a robust deal pipeline and momentum in the business, bolstering our confidence to raise full-year financial guidance above and beyond the impact of our strong third quarter top-line performance."

For the first nine months of 2021, revenue was $1.25 billion, up 18% year-over-year. Net income was $251.5 million, an increase of 15%.

For the fourth quarter, Ansys expects revenue between $609.3 million and $649.3 million.

For full-year 2021, the company expects revenue of $1.86 billion to $1.9 billion.

Financial guidance reflects the company's current estimates of the impacts of the global pandemic and trade restrictions.

Full-year 2021 revenue guidance assumes approximately $6 million to $8 million of contribution from Zemax.

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