ANSYS(ANSS)2025-02-19 21:34Revenue and Financial Performance - No single customer accounted for more than 5% of the company's revenue in 2024, 2023, or 2022[74]. - As of December 31, 2024, deferred revenue was 479.8 million in 2023, while backlog rose to 992.8 million[92]. - The impacts from currency fluctuations resulted in a decreased operating income of 105.3 million and operating income by 51.1 million, while interest expense was 755.0 million as of December 31, 2024[311]. - A hypothetical increase of 100 basis points in interest rates would result in an increase in interest expense of $7.7 million over the next twelve months[313]. Workforce and Employee Engagement - The company employed 6,500 people as of December 31, 2024, with 43% located in the Americas, 29% in EMEA, and 28% in APAC[95]. - As of December 31, 2024, the company's self-identified gender diversity was 74% male and 23% female among global employees[97]. - The company is committed to attracting and retaining talent through various recruitment and development strategies, including partnerships with universities and engineering societies[98]. - For the year ended December 31, 2024, the annual turnover rate was 6%, with a voluntary turnover rate of 5%[101]. - The compensation program includes competitive annual salaries, annual cash incentives, and long-term equity incentives, with over half of employees receiving equity grants each year[102]. - Health and welfare benefit programs include a mix of company-provided benefits, focusing on providing choice and value to employees[103]. - Employee feedback mechanisms include leadership roundtable events and new employee surveys to improve the employee experience[105]. Strategic Partnerships and Collaborations - The company has established over 350 technology partnerships to enhance its software solutions across various simulation areas[81]. - Strategic alliances with Microsoft and AWS have been formed to enhance cloud-based engineering simulations, including offerings like Ansys Access powered by Azure and Ansys Gateway powered by AWS[77][78]. - The company collaborates with leading CAD and EDA software companies to facilitate data transfer between systems, enhancing product integration[76]. - The company has expanded its collaboration with NVIDIA to advance AI-infused simulation solutions and 6G communication systems[80]. Seasonal Revenue Patterns - The company reported that subscription lease and maintenance contract renewals are typically highest in the fourth quarter, indicating seasonal revenue patterns[91]. Skill Development and Training - The company expanded its Ansys digital academy to support emerging skills such as AI and ML[100].