PITTSBURGH – Ansys reported first quarter revenue of $363.2 million, up 19% year-over-year.

Net income was $72.4 million, an increase of 57% compared to the first quarter of 2020.

“Ansys achieved excellent results for the first quarter, delivering double-digit revenue and earnings growth,” said Ajei Gopal, president and CEO, Ansys. “The underlying strength in our business, coupled with the strategic role we play in enabling and advancing our customers’ digital transformation, gives us continued confidence in our ability to execute against our goals.”

“Our first quarter results represent a strong start to the year, continuing the outstanding performance from the fourth quarter of last year,” said Nicole Anasenes, Ansys CFO. “We saw strong channel and small- and medium-sized account performance for the second quarter in a row, contributing to both ACV and revenue growth. We are optimistic about the positive indicators we saw in the first quarter and the strength of our current pipeline. We are raising our full year 2021 guidance across all guidance metrics: ACV, revenue, EPS and operating cash flow.”

The company currently expects second quarter revenue between $409.7 million and $439.7 million. For 2021, Ansys expects revenue of $1.79 billion to $1.86 billion.

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