PITTSBURGH – Ansys reported second quarter revenue of $446.7 million, up 16% year-over-year.

Net income was $93.7 million, down 3% compared to the same quarter in 2020.

"Ansys delivered exceptionally strong results for the second quarter and significantly beat our financial guidance across our key metrics,” said Ajei Gopal, Ansys president and CEO. “Our broad-based growth validates our strategy of pervasive simulation, and our product leadership and ongoing go-to-market momentum gives us increased confidence in our business and ability to execute against our goals. In July, we extended our technology leadership with Ansys 2021 R2, which introduced breakthrough technologies and innovative capabilities across our product portfolio. These enhancements are bolstering the value of Ansys simulation for our customers by providing them greater engineering insight with enhanced speed and scalability.”

“Our outstanding performance was highlighted by 25% ACV growth in the second quarter, driving our first half 2021 ACV growth to 16%,” said Nicole Anasenes, CFO, Ansys. “Given the strength and momentum in our core business year-to-date, coupled with our sales pipeline, I am confident in our ability to achieve our increased full-year 2021 guidance.”

Year to date, revenue was $809.9 million, up 17% year-over-year. Net income for the first six months of 2021 was $166.1 million, an increase of 16%.

The company expects third quarter revenue of $395.8 million to $420.8 million.