Reports Q1 revenue $509.4M, consensus $492.57M. Reports annual contract value of $399.4M and deferred revenue and backlog of $1.3B on March 31. CEO Ajei Gopal said, "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. 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."
Published first on TheFly
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