04:42 PM EDT, 05/01/2024 (MT Newswires) -- Ansys ( ANSS ) reported Q1 non-GAAP earnings late Wednesday of $1.39 per diluted share, down from $1.85 a year earlier.

Analysts polled by Capital IQ expected $1.98.

Revenue for the quarter was $466.6 million, down from $509.4 million a year earlier.

Analysts surveyed by Capital IQ expected $555 million.

Shares were nearly 4% down in after-hours activity.

Price: 310.00, Change: -11.48, Percent Change: -3.57