ANSYS Announces Q4 Results: Record Finish Reflects Double-Digit Growth in Revenue, ACV, EPS and Operating Cash Flow

GAAP and non-GAAP results under ASC 605:

  GAAP  Non-GAAP
(in millions, except percentages and per share data) Q4 2018  Q4 2017  % Change  Q4 2018  Q4 2017  % Change
Revenue $ 335.9  $302.3  11%  $ 340.1  $303.4  12%
Net income $ 88.6  $52.6  68%  $ 118.6  $92.8  28%
Diluted earnings per share $ 1.04  $0.61  70%  $ 1.39  $1.07  30%
Operating profit margin 29.9 % 33.3%    40.5 % 42.6%  


  GAAP  Non-GAAP
(in millions, except percentages and per share data) FY 2018  FY 2017  % Change  FY 2018  FY 2017  % Change
Revenue $ 1,216.5  $1,095.3  11%  $ 1,232.1  $1,098.1  12%
Net income $ 356.9  $259.3  38%  $ 455.7  $347.9  31%
Diluted earnings per share $ 4.15  $2.98  39%  $ 5.30  $4.01  32%
Operating profit margin 32.8 % 35.7%    44.4 % 46.4%  
                               

The non-GAAP financial results highlighted above, and the non-GAAP financial outlook for 2019 discussed below, represent non-GAAP financial measures. Reconciliations of these measures to the appropriate GAAP measures, for the three and twelve months ended December 31, 2018 and 2017, and for the 2019 financial outlook, are included in the condensed financial information included in this release.

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