Ansys reported first-quarter 2025 revenue of $504.9 million, an increase of 8% in reported currency and 10% in constant currency compared to Q1 2024, which was below Wall Street estimates. The company's diluted earnings per share for the quarter were $0.59 on a GAAP basis and $1.64 on a non-GAAP basis, compared to $0.40 GAAP and $1.39 non-GAAP diluted EPS in the prior year's first quarter. The results were impacted by weak enterprise spending for its simulation software amid an uncertain economy.
Annual Contract Value (ACV) growth for the first quarter was 1% in reported currency and 2% in constant currency compared to Q1 2024. Despite these figures, the company stated that the results met its internal expectations and it continues to expect double-digit ACV growth for the full fiscal year 2025. Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance due to the pending transaction with Synopsys.
Regarding the Synopsys acquisition, Ansys confirmed that the U.K. Competition and Markets Authority formally cleared the transaction in Phase 1, subject to previously announced divestitures. Additionally, Ansys and Synopsys have received clearances from the Turkey Competition Authority, Japan Fair Trade Commission, Korea Fair Trade Commission, and Taiwan Fair Trade Commission. The transaction is anticipated to close in the first half of 2025, subject to the receipt of required regulatory approvals and other customary closing conditions.
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