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Ansys ended 2022 on a positive note after delivering an all-around beat and surpassed its financial guidance across all key metrics, including earnings per share, operating margin, revenue, and ACV. Operating margin was impacted positively by outperforming revenue. Each of the company's go-to-market customer segments, enterprise volume, and strategic accounts grew by double-digits. The top contributors were automotive, ground transportation, defense, aerospace, semiconductor, and Hi-tech. ACV is
Companies: ANSYS, Inc. (ANSS:NAS)ANSYS (ANSS:NYSE)
Baptista Research
Ansys delivered a positive quarterly result with a strong performance on most key metrics, including revenues, earnings per share, operating margins, and ACV. The company surpassed market expectations on each of these metrics. Semiconductor and high-tech, automotive and ground transportation, and aerospace and defense were again the largest contributors in this quarter. From the geographic perspective, Ansys saw quite a strong growth from EMEA and Asia Pacific. The startup program of the company
This was an excellent quarter for Ansys, where the company managed to surpass Wall Street expectations in terms of revenues as well as earnings. It performed reasonable well on all key metrics including operating margin, ACV, and revenue. Ansys recently onboarded another international OEM through a multimillion-dollar agreement where its solutions would be used for autonomous driving, electromagnetic interference, and enterprise-level materials intelligence. From the geographical perspective, th
Companies: ANSYS, Inc. (ANSS:NAS)ANSYS, Inc. (0HG3:LON)
Ansys witnessed a strong ACV growth in the recent quarterly result and its performance was good. The company’s strategy to make simulation pervasive all over the life cycle of a product, its multi-physics product leadership, and its robust customer relationships, combined with continued investment in R&D of consumers, are driving demand for the multi-physics solution of Ansys. Ground and automotive transportation sectors, defense, aerospace, semiconductor, and high-tech are the largest contribut
Engineering and software provider, Ansys delivered another decent result with a 21% increase in the top-line, driven by sturdy performance in the semiconductor and high tech verticals. The backlog and deferred revenues of the company have grown 2.2% to $899.5 million, rendering foreseeability to its future. The company has seen a strong growth in revenues over the past five years with a consistently high operating margin, often above the 40% threshold. It is worth highlighting that Ansys has a s
In the new metaverse era, there is a definite scope for software companies that have the ability to bridge the gap between the digital and the real world. This presents an excellent macro-economic scenario for computer aided design and simulation companies like Ansys and Cadence. Both these players have progressed leaps and bounds from a technological standpoint and have given rival, Autodesk a run for its money. It will be interesting to compare their financial metrics side by side in order to
Companies: ANSS 0HG3 0HS2 CDNS
Engineering software provider, Ansys delivered a decent result with a 21% increase in the top-line driven by a strong performance in the high tech and semiconductor verticals. The company has a particularly strong base of small and medium-sized customers which has revived post the impact of the Covid-19 and this economic revival is a tailwind for Ansys. The company also saw its deferred revenues and backlog grow 2.2% to $899.5 million rendering a foreseeability to its future. Apart from technolo
Ansys has reached the target price from our last report as the company was comfortably able to beat its financial guidance across all its key metrics in the recent Q2 result. Its total revenue for Q2 rose by nearly 16% in constant currency and a major green flag was the ACV (Average Contract Value) of $430.5 million increased year-over-year by a staggering 25% (and 23% in constant currency). The company currently has a balance of GAAP deferred revenue and backlog of $927.1 million, a 10% increas
Research Tree provides access to ongoing research coverage, media content and regulatory news on ANSYS, Inc.. We currently have 0 research reports from 3 professional analysts.
Journeo has confirmed record results for FY23A, in-line with recent upgraded expectations across the board. FY23A revenue increased significantly by 118% to £46.1m (including 20% organic growth) and Adj PBT increased 270% to £4m, representing a near doubling of the Adj PBT margin. Journeo has positioned itself for a period of sustained growth following the transformational Infotec acquisition, the bolt-on MultiQ acquisition and ongoing R&D in the existing business. Journeo looks compelling on an
Companies: Journeo plc
Cavendish
Craneware is the market leader in value cycle SaaS provision in the US with a 40% market penetration and the ambition to become ubiquitous in US hospitals. The shackles of Covid disruption, digestion of the Sentry acquisition, and the transitioning of its customers to the fully cloud based Trisus platform, have fallen away and opened up new sales opportunities for the group. While the shares have out-performed strongly, multiples look reasonable compared with peers. We calculate a DCF based fair
Companies: Craneware plc
Capital Access Group
In 2023, the company delivered strong 13% organic constant currency revenue growth and Adjusted EBITDA in line with expectations, even after including one-off inventory provisions.
Companies: Big Technologies PLC
Zeus Capital
Companies: CML Microsystems Plc
Shore Capital
Companies: FOG PEB KBT EMR TIME GETB JNEO
The trading update confirms revenues in line with our expectations. Excess inventory flow through and market softness in China have impacted CML’s core business, but Microwave Technologies Inc (MwT) is performing ahead of expectations. The net effect, along with MwT acquisition related costs, is that Reported PBT and EBITDA are to be lower than expectations, but not substantially so. The long-term investment case is founded upon the opportunity in next-generation wireless and, with £18m cash and
Progressive Equity Research
Companies: Nanoco Group PLC
Turner Pope Investments
Nanoco, the world-leading provider of cadmium-free Quantum Dot technology, has reported positive 1H24 results, and stated that FY24 performance is expected to be in-line with market expectations. We reiterate our FY24E forecasts. Operationally, the company has achieved strong progress over the past six months, and the interims statement includes further progress on the company’s next-generation revenue programmes being implemented post period end. We maintain our 60.2p price target.
GetBusy’s FY23 results show organic revenue growth of +10% to £21.1m, FY23 adjusted EBITDA +£0.1m ahead of our +£0.3m upgrade at the January trading update, and a promising outlook that leads us to reiterate our FY24E forecasts. At constant currency, ARR grew +10% yoy to £20.5m, recurring revenue grew +12% to £20.3m, and net revenue retention of 100.0% per month reflects upselling and price increases, with gross monthly churn of 0.8% per month vs 0.9% in FY22. Within SmartVault, the July 2023 la
Companies: GetBusy Plc
Companies: PMG DUKE CMCL BOOM
Companies: FOG TND BVXP ACC HDD
Broadcast playout automation solutions provider Pebble Beach has reported confident FY23 results to Dec 2023 in line with updated January trading update expectations, and has announced the much-anticipated Project Oceans will launch as PRIMA (Platform for Real-time Integrated Media Applications) in April 2024. This underpins a mid-term 80% recurring revenue ambition and expansion in addressable market. FY23 delivered +11% revenue growth to £12.4m, which benefitted from the unwind of defensive in
Companies: Pebble Beach Systems Group PLC
Companies: LPA SOLI NANO QTX
Sondrel has announced it has secured an additional £2m convertible loan note with ROX Equity Partners to fund near-term payroll and working capital needs. The terms are similar to the ones agreed for £0.9m CLN in Feb 2024 with a 15% interest rate, a three-year repayment term, and is expected to convert into ordinary shares at 10 pence each. The proposed fundraise that is open to existing shareholders has now increased from £6.5m to £8.5m (including the proceeds from the CLNs), with a subsequent
Companies: Sondrel (Holdings) Ltd.
Companies: BILN IGP RBN SBTX
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