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Canonsburg, Pennsylvania-based ANSYS, Inc. (ANSS) develops and markets engineering simulation software and services for engineers, designers, researchers, and students. With a market cap of $27.9 billion, ANSYS’ operations span various countries in the Americas, Europe, the Middle East, Asia-Pacific, and Africa. It is expected to announce its Q2 earnings after the market closes on Wednesday, Jul. 31.
Ahead of the event, analysts expect ANSYS to report a profit of $1.42 per share, up 34% from $1.06 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in three of the past four quarters while missing on one occasion. Its EPS for the last reported quarter missed the consensus estimates by 45.2%.