quarter record earnings operating Annette, exceptional the yet a and year. another quarter delivered cash and for QX revenue, fourth capping you, good stellar was share flow. Thank ANSYS In per everyone. morning, we
gratifying currency, best to the constant a first billion of on ACV, our value, or time the indicator our in set ACV represented particularly health in dollars at the which focus XXXX. of half in we strong QX be believe considering me baseline the which XX% in for over was QX business. of contract quarter history, of well annual underlying Let growth the
a grew XX% For the constant currency. robust in XXXX full ACV year
guiding in achieve XX% gives while billion of provide growth look in we margins goal confidence in by will in in range. we of our leading to currency XX% XXXX, we're ACV the will As $X maintaining our details constant Maria to midpoint that range. our This a us just at over XX% further more ACV few the industry to minutes. XXXX,
of the Now as XXXX. for all we into quarter in fourth some the provide and drivers insight of growth
commitments. nearly deals During QX, three from XX figure And dollars X the over all a product of include long offerings of million standing made customers least our lines. at
XX% perspective, XX% grew our a geographic we QX, strength Europe year, led delighted major while XX% that revenue in I'm currency. in territories revenue North saw in growth in both XXXX, for all America year. the From last and constant with in
continues For revenue currency, portfolio. our XX% we the growth X% to sector, an by electronics be multi full despite standpoint, fueled and industry variations attributable deal Japan, grew XX% in tech constant in our in semiconductor grew QX, by year, From to Asia solution was Pac modest In physics QX. and revenue in high which supported timings. revenue our a largest
product this key will to in new innovation we're can you add capabilities our our shortly, as And, hear customers driving continuing to so keep industry. offerings
focus inability weakness their programs signaled the in on of or to perhaps customer automotive. to Moving Other their pivot requirements. to emerging legacy sector, because vendors have
successfully offerings growth electric have automotive however, broadened of part, vehicles. an area solutions key we address in ANSYS, drivers, namely because and to our for is For strength, autonomous
have with previously which now success we electric in first Volkswagen, that seen with We have repeated and evidence discussed, of vehicles; Porsche.
on itself its Motorsport announced Porsche electric electric a create for expects in the electric an era powertrain usher ANSYS we Porsche to emobility advanced of use the After commercial is new using QX, vehicles. that race track, to powertrain cars proving In to car.
to industries. Moving other
through collaboration Hughes. Although going technology transition, are leading energy company, that in extended with an is we energy demand a Baker including sector, seeing increased
This to use and down including innovation. new QX ANSYS sparking customer manufacturing, design agreement a simulation signed in drive long-time while additive costs, to development
in continue North defense, We to customer success America. see driven aerospace by increased and investment in
multi responsible defense our part and the organizations deals including facing next for electromagnetic, materials. solutions fluids fact, a aerospace and physics for challenges generation QX. in aerospace In and The require industry of top complex is true defense approach, four
shorten more preparation deal a time deploying example, design and results and figure For and minutes, North Mosaic industry from faster, QX getting our cycles combustion signed to its eight this reduced an By to meshing accurate consistent hours as enhanced robust more in twice reliable while American leading leader using manufacturer workflows gas turbine simulations. fast.
millions expect using solutions, year By leader a ANSYS dollars of we global to labor this and related save costs. reduce and
comprehensive physics multi Another also is our from large portfolio. aerospace company benefiting
made as year's a that faced potential reliability designs improve and to simulation challenge. class It possible DFR company best acquisition electronics using mechanical identifying of and from our a as conditions of operating products mechanisms solution set well complex thermal is to This in our mitigate failures. failure electrical, last
ability to in This new into motion. integrate and our figure resulted demonstrates deal eight efficiently in an selling it QX, technologies our
the across can physics. combination you customers are of our from benefiting formidable ANSYS see, solutions As
is the of it match. portfolio and endorsement strength believe cannot powerful of a the that we one vendors full is This other
entire We XXXX recently with RX. across continue the extend leadership launched to our ANSYS product portfolio our
of focus interfaces, the the accelerates particular tech interest of the industry. of time, RX to but functionality, by and includes areas scalability enhancing products. digital high workflows and our RX company's on in products multiple I'll advances, transformation interest technology
wave those and such industry make for that a XG XXGHz. ANSYS make frequency impediments, our technologies develop flagship investments reality, To product simulating beam new steering high designing To millimeter overcome major at products. must challenges, array to signal continue as propagation the we HFSS and in electronic overcome
prohibitive. task designers antenna model XG in Developing realizing antennas a challenge that antenna XG systems. modern technology one enables is complete only computationally groundbreaking new to arrays, includes RX previously was phased array that
not electromagnetic topology Chip ANSYS architecture the that solve collocate to Edge crosstalk which challenges the to We Raptor product [ph] and develop challenges. designers must announced chip new previously new did recently and the exist. a constraints antenna, introduces
With flow for accuracy and unmatched its design flows. system believe advanced integrated an is unparalleled integration feature design. electromagnetic tool nanometer the We circuit for smooth market rich most and capacity speed on chip Edge the Raptor on
engines ANSYS which teams into year's R&D a ANSYS new shows portfolio. product packet XXXX Raptor best in acquisition system acquired last which Edge we and in our design into the incorporate this gained class single marries QX technologies from Helic ANSYS can Helic and HFSS was environment. in RaptorX, the speed at chip
since created Our is and with neutral empowers platform in data based and works both of amount to this architecture, XG enormous architecture systems on the on on such an strategy based dealing the is of and simulations cloud. solve seemingly problem complex extensible, of And premises by the companies equipment. vendor intractable components multiphysics Minerva that as
scalable management of data reliability lifecycle system insights Minerva's and silos. to product across ensures configuration RX, drive versioning simulation connectivity and and departmental In traceability, and across collaboration the
to empowering to manufacturing of problems. innovations that when designing customers using to Eaton companies experience the our is and manufacturing critical additive Corporation, solve are Minerva traceability most and the some part on user rely processes. challenging That like other streamline These product
is dynamic gap best competitors. fluid and steady widening a broadened based the capabilities ANSYS computational Discovery evident gap we class state cases where between us have significantly while use further improving solutions solver. to our Our in structural generative GPU our design and That ongoing technology with certainly Live, commitment expanded adding is
than This breakthrough two enabled three air less component us removal design within previous customer than times solver Live. engineers flow faster predict and weeks. heat Discovery to that the they reduced XXX months rates One GPU time from to at design told
recent the partner Creo marks Simulation product, we And that was announced earnings adopters adoption deal Discovery. see with for business. On seeing the in its Live of to ramp renewals Live. to its first large QX call, expand strategic our size a which it up happy commitment average are Discovery PTC our also Discovery early incorporates the most
financial Discovery impact to of expect As I a be Live previously, modest, near strong term mentioned we but we the see long opportunity. term
our Over industry the expanded Automation. Microsoft, we Rockwell also and QX relationships course with Autodesk of leaders,
solutions automotive we Autodesk [indiscernible] announced our between lighting our and ANSYS Revit. previously Autodesk simulation With built workflow
design market. connection Autodesk and will Mechanical Our ANSYS to for Fusion agility revolutionary engineering our products between and drive new them expedite helping customers,
expanded, also Microsoft on demand with collaboration Azure. where customers to which beyond partnership our Microsoft empowered we performance high growing Cloud, runs on Our initial via computing access ANSYS
high speed, for and Twin connect products Digital users to customers assets to that manufacturers we deploy Builder. market. Digital product our Twins. costs expanded ANSYS maintenance model to using production enables and grew adopt and our slash QX, to optimize Twins can operations it using make In partnership, and Azure easier ANSYS That collaboration Through quality
virtual digital Similarly agility twin minimize by we're companies customers doing if manufacturing to with to enabling and so risk. demands market benefit a of full industrial adapt their with to test more scenarios. what and process In can Automation, Rockwell creating create
We're Hall. who including the universities also at opened simulations ANSYS X,XXX own use and our by future research Over continuing the students technology expand testing University of and to users. Mellon their in simulation newly reaching market teaching, for are Carnegie building
our course we downloads than X XXX,XXX pleased University's More ANSYS. have in have and over And enrolled based seen simulations of massive online that to people Cornell products. announce on I'm million student
recognize to at ANSYS. a take to like my I'd now colleagues moment
rapidly a situation. As you virus the is evolving know, corona
one they for and I in number the priority And in the to that remains, well-being and showing our China world. continue of humbled of drive their and Our am the as commitment and circumstances. business safety families the execution colleagues our course, difficult are around elsewhere employees grateful
for Board for America's Switching that I'm with I'm environmental, on Newsweek responsible companies. to Women social moment. XXXX recently on XXXX recognize XXXX to XX% that the Board ANSYS our least its governance List of us Women named delighted initiatives Directors. to And is of winning Company W a our and the proud commitment most just
building digit us market products XXXX XXXX. in XXXX confidence that achieve summarize, ACV growth digit in in give growth XXXX, was $X on our our forecast ACV investment double double and with of of will for combined billion record ANSYS. our further we To year a results breaking by These ACV our leading goal continued
So, why for XXXX you can beyond. excited understand and I'm
future than brighter told is ANSYS you before, I've the for ever. As
to that, with Maria? And to I'd Maria. the turn call like over
