PITTSBURGH – Ansys saw revenue of $509.4 million for the first quarter, an increase of 20% from the first quarter of 2022's revenue of $425.1 million.

For the second quarter, the company forecasts revenue between $473 million and $498 million, and for the full year 2023, the company forecasts $2.24 billion to $2.32 billion in revenue.

"Ansys achieved outstanding results for the first quarter, giving us a strong start to 2023. We again delivered robust double-digit ACV and revenue growth in the quarter and exceeded our financial guidance across all key metrics," said Ajei Gopal, Ansys president and CEO. "Our performance was broad-based across geographies, customer types, and industries, again demonstrating the essential nature of simulation as well as our multiphysics product leadership. Given the strength of our results and the immense opportunity that lies ahead, I remain confident in our ability to deliver on our commitments in 2023 and beyond."

"Our robust first-quarter results build off the momentum of our outstanding performance in 2022," said CFO Nicole Anasenes. "During Q1, Ansys recorded ACV growth of 19% in constant currency, and GAAP and non-GAAP revenue growth of 23% and 22% in constant currency, respectively. Given the strength of demand for simulation and the momentum we see in our pipeline, we are operationally raising our full-year ACV, revenue and EPS. The operational improvement in our full-year ACV outlook is above and beyond our Q1 outperformance."