ANSYS' Q3 Earnings & Revenues Surpass Estimates, Rise Y/Y
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ANSYS reported Q3 earnings and revenues that surpassed estimates, with a year-over-year increase. The growth was driven by strong multi-year lease growth, and the company expects double-digit growth in 2024 ACV.
November 07, 2024 | 3:15 pm
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ANSYS reported better-than-expected Q3 earnings and revenues, with significant growth in multi-year leases. The company projects double-digit growth in 2024 ACV.
The positive earnings and revenue results, along with the strong growth in multi-year leases, indicate a robust financial performance for ANSYS. The expectation of double-digit ACV growth in 2024 further supports a positive outlook, likely boosting investor confidence and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100