PITTSBURGH – ANSYS reported fourth quarter revenue of $623.7 million, growth of 28% compared to the same period in 2019.

Net income for the quarter was $215.6 million, an increase of 30% year-over-year.

For 2020, revenue was $1.68 billion, up 11% compared to 2019.

Net income for the year was $433.9 million, down 4% year-over-year.

“The fourth quarter was an outstanding quarter, concluding an excellent finish to fiscal year 2020. We delivered double-digit revenue growth, while maintaining industry-leading margins, despite the global disruptions caused by the Covid-19 pandemic,” said Ajei Gopal, Ansys president and CEO. “I am proud of our many accomplishments in 2020, in particular, maintaining our focus on customer success. That focus throughout the year resulted in our closing of the three largest license deals in our company history. We added to our market-leading portfolio with the acquisitions of two industry pioneers: Lumerical and Analytical Graphics (AGI). And we recently released the latest version of our product portfolio, Ansys 2021 R1, making it faster and easier than ever for our customers to innovate.

“The pandemic has reinforced Ansys’ core value proposition of cost savings and improved time to market. It has fast-tracked product roadmaps requiring more simulation, and it has accelerated corporate digital transformations as more engineers work from home for the long term. As we look ahead, these represent tailwinds to our total addressable market. I remain confident in our ability to drive strong and profitable growth.”

“We closed out 2020 with the strongest quarterly and annual financial results in the company's history, with our fourth quarter results exceeding the high end of guidance across all key metrics,” said CFO Maria Shields. “Highlights include record quarterly and annual revenue, with the operating leverage of our business model driving strong margins and earnings. ACV, which grew 20% and 9% in constant currency for the quarter and the year, reached record levels of recurring sources at 83% for the quarter and 82% for the year. Additional notable highlights include both record operating cash flow of $547 million and deferred revenue and backlog of $967 million. These results reflect the resiliency of our business model and the incredible efforts and dedication of the Ansys employees during unprecedented times. Given the prolonged state of the global pandemic, while we remain cautiously optimistic as we look into the first half of 2021, we remain confident in our ability to continue to execute on our strategy and continue to create long-term value for all of our key stakeholders.”

Ansys expects first quarter revenue of $326 million to $351 million and 2021 total revenue of $1.77 billion to $1.86 billion.

PCB EAST: The original East Coast technical conference and exhibition! Returning to the Boston suburbs in June 2021! 

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