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Ansys Contact : Investors : . Media : ● Kelsey DeBriyn 724.820.3927 kelsey.debriyn@ansys.com Mary Kate Joyce 724.820.4368 Initiates Q2 2021 Outlook and Increases FY 2021 Outlook on ACV , Revenue , EPS and Cash Flow marykate.joyce@ansys.com Details related to our financial guidance , including assumptions and economic impacts of COVID - 19 , are detailed in our prepared remarks document . Ansys Announces Financial Results With Record Q1 ACV , Revenue and Operating Cash Flow / Key Highlights - Q1 2021 GAAP revenue of $ 363.2 million and non - GAAP revenue of $ 372.1 million GAAP diluted earnings per share of $ 0.82 and non - GAAP diluted earnings per share of $ 1.12 Ansys GAAP operating profit margin of 13.8 % and non - GAAP operating profit margin of 33.5 % Operating cash flows of $ 171.1 million Annual contract value ( ACV ) of $ 319.4 million Deferred revenue and backlog of $ 936.5 million at March 31 , 2021 PITTSBURGH , PA , May 5 , 2021 / Globe Newswire / -- ANSYS , Inc. ( NASDAQ : ANSS ) , today reported first quarter 2021 GAAP and non - GAAP revenue growth of 19 % and 20 % in reported currency , respectively , or 16 % and 17 % in constant currency , respectively , when compared to the first quarter of 2020. For the first quarter of 2021 , the Company reported diluted earnings per share of $ 0.82 and $ 1.12 on a GAAP and non - GAAP basis , respectively , compared to $ 0.53 and $ 0.83 on a GAAP and non - GAAP basis , respectively , for the first quarter of 2020 . " Ansys achieved excellent results for the first quarter , delivering double - digit revenue and earnings growth . The underlying strength in our business , coupled with the strategic role we play in enabling and advancing our customers ' digital transformation , gives us continued confidence in our ability to execute against our goals , " said Ajei Gopal , Ansys president and CEO . Q1 2021 Financial Results // 1