ANSYS, Inc. (NASDAQ: ANSS) stock rose over 0.2% on 28th Feb, 2019 (Source: Google finance) after the company posted mixed results for the fourth quarter of FY 18. ACV grew of 28% and 17% in constant currency for the fourth quarter 2018 and the year ended December 31, 2018, respectively. The company has posted the operating cash flows of $132.9 million and $486.4 million for Q4 2018 and FY 2018, respectively. Deferred revenue and backlog of $659.2 million at December 31, 2018 and $957.1 million at December 31, 2018, an increase of 24% over Q4 2017.

ANSS in the fourth quarter of FY 18 has reported the adjusted earnings per share of $1.39, missing the analysts’ estimates for the adjusted earnings per share of $1.49. The company had reported the adjusted revenue growth of 12 percent to $418 million in the fourth quarter of FY 18, beating the analysts’ estimates for revenue of $364.82 million.

ANSS has repurchased 0.5 million shares in the fourth quarter at an average price of $154.03 and 1.7 million shares during the year at an average price of $161.12

ANSS expects Q1 2019 earnings per share to be in the range of $0.98-$1.11, versus the consensus of $1.31. ANSYS expects Q1 2019 revenue of $290-310 million, versus the consensus of $315.29 million.

ANSS expects FY2019 earnings per share to be in the range of $5.55-$6.00, versus the consensus of $5.66. ANSYS expects FY2019 revenue of $1.41-1.47 billion, versus the consensus of $1.37 billion.

Meanwhile, through its recent acquisition of Granta Design, ANSYS is supporting educators in teaching vital topics relating to materials to the next generation of students with the newly released CES EduPack 2019. With the acquisition of Granta, ANSYS also has empowered educational institutions to lead Eco Design and Sustainable Development programs.

Additionally, ANSS has recently signed the acquisition of Granta, ANSYS also empowers educational institutions to lead Eco Design and Sustainable Development programs. The transaction is expected to close in the first quarter of 2019. Further, ANSS also has also recently signed the definitive agreement to acquire Granta Design, the premier provider of materials information technology. The acquisition expands ANSYS’ portfolio into this important area, giving ANSYS customers access to material intelligence, including data that is critical to successful simulations. The transaction is expected to close in the first quarter of 2019.