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Stock impact report

Q3 Earnings Recap: ANSYS (NASDAQ:ANSS) Tops Design Software Stocks [Yahoo! Finance]

ANSYS, Inc. (ANSS) 
Last ansys, inc. earnings: 2/26 04:09 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ansys.com
Company Research Source: Yahoo! Finance
The demand for rich, interactive 2D, 3D, VR and AR experiences is growing, and while the ubiquitous metaverse might still be more of a buzzword than a real thing, what is real is the demand for the tools to create these experiences, whether they are games, 3D tours or interactive movies. The 6 design software stocks we track reported a strong Q3. As a group, revenues beat analysts' consensus estimates by 4.4% while next quarter's revenue guidance was 2.9% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Used to help design the Mars Rover, Ansys (NASDAQ:ANSS) offers a software-as-a-service platform that enables simulation for engineering and design. ANSYS reported revenues of $601.9 million, up 31.2% year on year. This print exceeded analysts' expectations by 14.9%. Overall, it was a stunning quarter for the company with an impressive beat of analysts' EBITDA and average c Show less Read more
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