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 ....
09 Sep 2021
Ansys Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
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Ansys Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
- Published:
09 Sep 2021 -
Author:
Ishan Majumdar -
Pages:
14
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 ....