CAE giant ANSYS has announced its profits for Q2 2017, and the company is looking fairly healthy indeed, with revenue increasing to $263.9 million, an increase of 4.1 percent for the quarter, up from $253.4 million in Q1 2017. The net profit for the company for Q2 2017 was $69.7 million.
“I am delighted to see our focus on sales execution has resulted in another quarter of excellent financial performance that surpassed the high end of our expectations for both revenue and earnings,” said Ajei Gopal, ANSYS president and CEO. “Our second quarter success was led by 13 percent revenue growth in our business in North America and 7 percent growth in Asia, and is a testament to the strength of our product portfolio and our strong customer relationships. Europe continues to lag, but we are making good progress in addressing the organizational and go-to-market issues that will be key to future performance.”
Gopal added, “With the acquisition of Computational Engineering International, we have added industry-leading visualization and post-processing capabilities to our broad portfolio. Our expanded capabilities will enable our customers to gain new insight as they increasingly rely on our simulation capabilities to drive innovation and develop the products of tomorrow.”
Maria Shields, ANSYS CFO, attributed the good financial news to a couple of main factors: the over performance in revenues and a slower pace of hiring than the company had planned.