Recap: Ansys Q1 Earnings - Ansys (NASDAQ:ANSS)

Ansys 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.

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.

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:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	2.80	1.63	1.60	1.14
EPS Actual	3.09	1.77	1.77	1.36
Revenue Estimate	647.41M	467.09M	467.12M	407.56M
Revenue Actual	694.69M	473.67M	475.89M	428.60M

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).

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.