Ansys Announces Q1 Financial Results


  Non-GAAP
(in thousands, except per share data and percentages) Q1 2024  Q1 2023  % Change
Net income $ 121,996  $161,763          (24.6)%
Diluted earnings per share $ 1.39  $1.85          (24.9)%
Gross margin  90.9 %  91.2%  
Operating profit margin  32.2 %  39.8%  
Effective tax rate  17.5 %  17.5%  


  Other Metrics
(in thousands, except percentages) Q1 2024  Q1 2023  % Change
ACV $         407,405 $        399,407 2.0%
Operating cash flows $          282,817   $         260,766   8.5 %
Unlevered operating cash flows $          292,667   $         269,516   8.6 %

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