Ansys Announces Financial Results With Record Q3 Revenue and ACV


  GAAP  Non-GAAP
(in millions, except percentages and per share data) Q3 YTD 2020  Q3 YTD 2019  % Change  Q3 YTD 2020  Q3 YTD 2019  % Change
Revenue $ 1,057.6  $1,029.7  3%  $ 1,067.7  $1,035.9  3%
Net income $ 218.3  $285.4  (24)%  $ 324.9  $370.3  (12)%
Diluted earnings per share $ 2.50  $3.34  (25)%  $ 3.73  $4.33  (14)%
Operating profit margin 22.4 % 32.0%    37.9 % 44.0%  

The non-GAAP financial results highlighted above, and the non-GAAP financial outlook for 2020 discussed below, represent non-GAAP financial measures. Reconciliations of these measures to the appropriate GAAP measures, for the three and nine months ended September 30, 2020 and 2019, and for the 2020 financial outlook, can be found in the condensed financial information included in this release.

Other Financial Metrics

(in millions, except percentages) Q3 QTD 2020  Q3 QTD 2019   % Change   % Change in Constant Currency
Annual Contract Value (ACV) $ 305.3   $ 290.9   5%   3%
Operating cash flows $ 94.5   $ 120.4   (21)%    

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