ANSYS (ANSS) Misses Q4 EPS by 10c, Revenues Beat; Offers Q1 EPS/Revenue Guidance Below Consensus, FY19 EPS Mid-Point Guidance Above Consensus, FY19 Revenue Views Above Outlook

ANSYS (NASDAQ: ANSS) reported Q4 EPS of $1.39, $0.10 worse than the analyst estimate of $1.49. Revenue for the quarter came in at $418 million versus the consensus estimate of $364.82 million.

Ajei Gopal, ANSYS President and CEO, commented, “Q4 was an outstanding quarter capping a stellar 2018. We grew double-digits across all key financial metrics for the quarter and the year. I am confident we are tracking towards our 2020 objective of sustained, double-digit revenue growth at industry leading margins.”

In addition, Gopal stated, “I am looking forward to 2019. Our vision of making simulation pervasive across the product lifecycle is resonating with customers and partners. With a product portfolio that is stronger than ever, I am proud that we can solve many of the challenging problems faced by our customers as they bring next-generation products to market. With our continued focus on transforming our go-to-market, and with new partnerships with leading companies who are licensing ANSYS technology, we are unlocking future opportunities. I am excited about our growth prospects in 2019 and beyond.”

Maria Shields, ANSYS CFO, stated, “Our outstanding financial performance reflects the strength of our core business and our continued dedication and focus on execution, both during the fourth quarter and for the entire year. We set new company records across all key financial metrics including our Q4 and full year 2018 revenue, ACV, earnings and operating cash flows. To achieve both our near-term and longer-term growth objectives, we will move forward with investments in our core products, high-growth adjacent markets and our business infrastructure to continue building the platform to scale our business.”

GUIDANCE:

ANSYS sees Q1 2019 EPS of $0.98-$1.11, versus the consensus of $1.31. ANSYS sees Q1 2019 revenue of $290-310 million, versus the consensus of $315.29 million.

ANSYS sees FY2019 EPS of $5.55-$6.00, versus the consensus of $5.66. ANSYS sees FY2019 revenue of $1.41-1.47 billion, versus the consensus of $1.37 billion.

For earnings history and earnings-related data on ANSYS (ANSS) click here.

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