you perspective quantitative qualitative provide few everyone. our quarter the a now all that outlook Hello Thank Ajei. QX a minutes on Relations earnings Ajei shared take few also of for QX QX website. add assumptions to let documents additional around of the and please and key And and strong second our you, have review our results. financial Investor remainder I me posted we from XXXX. and color both to encourage to some performance our highlights
efforts safety, you that team. to continue the Before remains and work to our I a begin, home quarter moment the to of we to remain likely thank the on of like believe ANSYS In be colleagues what focused most XXXX. most throughout our would this again will throughout from employee to of second I continue take say to case
leveraged we support have to and and infrastructure our collaboration previous continue customers We remain connected our to seamlessly each investments and in other.
wellness also and these through we Our initiatives times. health support so can promoted around HR team well-being employees' that our has historic
performance. Now financial on let me move to our
business ANSYS continued of focus finished guidance. combined end plans. the the from the resiliency revenue We or million operating the reflect model with were well with QX results results against margin our $XXX.X and QX total Our quarter constant on of our high growth that and executing EPS our of revenue above X% both currency
was revenue by driven Our strong in sales execution. QX
operating currency with license recurring results to new combined The right year's of a strong license the quite considering of and the longer-term being continue and second ACV reported XXXX contributor the balance path the continued the a building $XXX.X comparable impressive X% contracts revenue range. deferred our and mentioned new constant to delivering QX renewal or with results progress in closing top on good half million pipeline discipline $XXX XX% on quarter coming company's earlier lease we to to our the Ajei combined and QX, we on second well This contributed to helped as make As above our discretionary half finished our increase quarter our financial we us most us XX%. sources. plans are strong constant like high XX% the which QX which the Strong total our give XX% manage of levels as to last safety line sales of into results meaningful and combination The These an last objectives year's continue of that quarter debt highlight above spending. revenue for an gross the In in continued XXXX. towards I of our that backlog metrics to we largest just margin travel XX% bad being that second was business in quarter, with which these ability of our revenue record in high second the strong a comparable strategic quarter were history and margin the with to positive by increase notable Key of from limit of business partially confidence on currency The our lease a of expense. million, focus XX% strength quarter. very a are over rate drive travel commitment. line our high. category achieving the of ACV when growth maintenance with first visibility had reduced provides financial we QX variances higher throughout high business of concerns continued drove revenue fiscal sales guidance of offset the end entertainment growth would primary of also end professional to of deal and communicated guidance. our last second continued at the of
cash we undrawn $XXX against investments. flow the XXXX And quarter in our current flow a throughout managing the was our in closed which effective from benefited base tax second employee QX April The our also We the pace we most the is above rate addition overperformance quarter. confident from XXXX We additional operating current with by reduced for first half. high of expect to net was revolver for we million for $X.XX approximately increase of that Cash long-term that at position XXXX. closed finished which EPS a that that million the the the did employees rate acquisition operating we operations strategy, we remain which ample taxes $XXX half been of of at XX through have XXX With revenue. was progress while total through guidance in result uncertainties of totaled cash continue our projections second under in the operations While of same the end on quarter combination remainder sheet respect the $XXX flow, strengthened which exist liquidity the QX and available we to included that cash the employees for that position, with our the our environment. million have Lumerical our million of balance hiring, QX time of first cognizant remaining also of XX.X%, business further cash the and from of short-term have the and and in cash we to the in $XXX X. of our
with ongoing had As during global volatility our previously for communicated, lays the quarter, marketplace, shares repurchase in available against backdrop to and uncertainty current we the program. of we the million cease under up authorized elected activity share X.X repurchase which the
continue conditions own our be well the repurchases. to consider might determining will both market as financial to time performance future when reinstating opportune assess in We as share most
share half Lumerical. during our the operations all of combination no the While expenditures were repurchased on from quarter, shares acquisition of the cash in first substantially flow of the repurchases, deployed was and capital
of the topic Now let guidance. turn to me
let of about the numbers, specific we just how with qualitative the comments ongoing the into COVID-XX me thinking few are and for respect to impact our half. get business I Before provide second a
scenarios build appropriate what During last time. team call, we discussed how our based had multiple Ajei was upon framework everything we our most to that the out knew believe the at created
both in As plans for our the increasing coming to have provide against than we into QX increased uncertainty. in continue environment. ranges provided revenue uncertainty The XXXX, last execute will revenue are we the and our off second and outlook those QX, year. from account reflect ACV quarter, in continuing that it weaker cash to becomes market. historically to evolve our and with currency guidance the remainder current continued dollar the finish strong operating for quarter are as for exists framework new and initiating outlook factoring the the and are full wider to third and and to that we summarize, to practice To for global of very but a available with we progressed earnings Consistent increases quarter, ACV our the that the flow through data
of on move outlook. details to Now the let our me
non-GAAP EPS $X.XX million the For range QX, we to the to in $XXX expect of range million $XXX non-GAAP and of revenue $X.XX. in
full we outlook X% taken growth outlook to to have results as in place quarter in well early and with EPS financial in $X.XX. of in are year, X% may strong of in that provided Starting non-GAAP May. in our changes range to or second constant range the currency both revenue $X.XX billion billion, to increasing the For factor $X.XXX rates range the of key $X.XX the last our since we as our currency
or our to X% of the customers to year, full increasing of $X.XXX QX also to outlook ACV constant how. ACV continue operations range remainder we in that growth year billion environment currency is have are business to to marginally billion. full We similar X%. resumed respect With than many $X.XX the This the expect from QX, XXXX work represents better to a as of and employees not
continue also adversely new We of that licenses. affecting of in the perpetual impact the effects to particularly expect continue levels SMB space the will and to our business, pandemic disproportionately
for buoyed QX. stronger the close anticipate outlook the continues leases forecasted multi-year to pipeline current in are Our that fourth in a quarter currently to recovery by
to ACV, $XXX payments. revenue, on respect digital increased for operating we of third range view in to full remainder current factors second for to million. and also base. respect estimates we our spending year tax annual XXXX It reflective outlook profitability our of customer This currently increasing of business industry-diverse is half and infrastructure of, million With commissions. are geographically transformation as well and trade the party and several and cash are across everything flow, as our outlook a reflects to to $XXX discussions related sales XXXX the with customer Our that in projects ongoing aware sentiment
of cash on are of we payment and estimates into $XX million to payments be the million. As contracts into have of XXXX outlook, flow delayed also Currently $XX of we impact impact negotiations extended have that XXXX increasing as operating factored contracts. communicated, our adverse be we term delayed our may previously of new result payments the customer existing the in a on to range
targets previous operating XX.X% communications, in scale the Looking strong noncritical facilities as ahead finish expecting to transformation XX.X% in our are reflective to are around year expecting assumptions the business our margins qualitative details our the currency and of our been we our plans of spending are factored the half fund other digital line long-term. QX, and spending is of to operating the to that critical to our pace range the these over rates the These prepared infrastructure plans on outlook internal we're range reduced quantitative in contained line it XX%. to These with in are XX% in operate foundation to year projects. the remarks commentary, and Further previous continue and a for QX with margins to with specific full hiring, adjusted for efficiently and XXXX XXXX. have slower and projects document. In our of intention key of decreased and discretionary spending for second include continue into elements building
larger uncertainty We to the closing transparent around of be factor timing are as and striving enterprise to deals. added can in have we as the tried
our and in quarter. has customer crisis that first will global to either to purchasing began conditions assumptions it you depending continues the as evolve trust economies, global also change certainty this on to no decisions unfold sentiments that in long pandemic appreciate that first continue and and is late since the will in impact direction negatively We how there
that our of to financial the our We to the flow, times. to level between for These half testament control, term are pervasive. operational customers focused are cash that market for diverse our employees, we call pillars and partners. foundational results products, QX two on collective things capturing stability strong the opportunity and our will to stable high model the of sheet able balance contributed can these commitment, efforts believe of rates we vision and balance resiliency closing, leadership in business us that operating our the strength remain to relationships, strengthening customer to spoke are our to We financial the strong best-in-class start a of to to business and very in these critical ready the and results and initiatives for long-standing customer position combination ahead including saw us. of that In short making closing strike the to give our and fortunate second continue are and dedication half year Ajei stability we ANSYS year the the We that and a we The in of outlook and of open well Operator, long-term strategic confidence see aiming our are first of to ahead and all renewal first earlier. deliver recurring the challenging in base, results. ACV, with questions. our reflected deals both milestone of quarter what were we now remainder of the and the longer the simulation strength long-term