Earnings per share growth 3% on generally accepted accounting principles and 6% on non-GAAP.

ANSYS announced its second-quarter 2017 earnings. ANSYS reported GAAP revenue of $263.9 million and non-GAAP revenue of $264.3 million, representing an 8% increase compared to the same period last year.

Circulating profit, consisting of lease licenses and annual maintenance revenue, grew by double digits on both generally accepted and non-GAAP basis, accounting for 76% of total revenue in the second quarter. Additionally, Ansys reported earnings per share (EPS) growth rates of 3% and 6% on both GAAP and non-GAAP basis, and recorded operating cash flow up 57% year-over-year.

Ansys cited "7% revenue growth in the North American market and 13% in the Asian market" and "a strong product portfolio and the establishment of solid customer relationships" as factors for the expansion of performance this quarter. In addition, they stated that they will solidify their position in the relatively low-revenue European market by establishing organizational changes and robust market entry strategies, which are key to future performance.

In addition, during the quarter, Ansys solidified its position as a publicly traded company by being listed on the S&P 500, and exceeded targets for both operating margins and earnings performance, driven by better-than-expected revenue.

Ansys CEO Ajei Gopal stated, “The number of companies utilizing simulation is gradually increasing compared to the past. While simulation was previously used only by engineering professionals and large-scale projects, its utilization has now expanded across various fields and has established itself as an essential element. Therefore, Ansys will continue to drive sustained performance growth.”