Ansys (NASDAQ:ANSS) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:30 PM.

Here's what investors need to know about the announcement.

Earnings

Ansys beat estimated earnings by 14.91%, reporting an EPS of $1.85 versus an estimate of $1.61.

Revenue was up $80.85 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.29 which was followed by a 10.48% increase in the share price the next day.

Here's a look at Ansys's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Ansys management provided guidance for FY 2023, expecting earnings between $8.39 and $8.91 per share.

To track all earnings releases for Ansys visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.