Welcome to our dedicated page for Ansys news (Ticker: ANSS), a resource for investors and traders seeking the latest updates and insights on Ansys stock.
Ansys Inc. (NASDAQ: ANSS) is a global leader in engineering simulation software, enabling innovators across various industries to push boundaries by predicting how their designs will perform in the real world. Founded in 1970, Ansys employs over 4,000 professionals, including many master’s and Ph.D.-level engineers, making it the largest simulation provider with such expertise. The company's core competencies include finite element analysis, computational fluid dynamics, electronics, electromagnetics, and design optimization.
Ansys serves over 50,000 customers globally, including those in aerospace, defense, automotive, semiconductor, and more. Known for its steady growth and financial strength, Ansys reinvests 15% of its revenues annually into research and development to maintain its innovative edge. This dedication has earned the company recognition as one of the world's most innovative and fastest-growing companies by prestigious organizations such as BusinessWeek and Fortune magazines.
Recently, Ansys has expanded its electronics portfolio by integrating SynMatrix with Ansys HFSS™ to streamline RF filter design workflows, particularly for 5G, aerospace, defense, satellite communications, and radar applications. This integration reduces design time by over 50%, leveraging AI-driven optimization for enhanced design and modeling.
Ansys is also collaborating with BAE Systems, Inc. to accelerate the adoption of digital engineering and model-based systems engineering across the U.S. Department of Defense. This partnership aims to modernize system design, delivery, and operation, enhancing decision-making for critical programs.
In the realm of AI, Ansys has launched AnsysGPT™, an AI-powered virtual assistant that offers rapid, 24/7 customer support by merging ChatGPT technology with Ansys’ extensive knowledge base. AnsysGPT is designed to assist engineers with real-time responses, streamlining simulation setup and related queries.
Financially, Ansys reported first-quarter 2024 revenue of $466.6 million, with a GAAP diluted earnings per share of $0.40. Despite a slight decline compared to the previous year, Ansys continues to anticipate double-digit annual contract value and revenue growth in the remaining quarters of 2024.
Looking ahead, Ansys is set to be acquired by Synopsys, Inc. in a transaction expected to close in the first half of 2025. This acquisition aims to create a leader in silicon-to-systems design solutions, combining Synopsys' semiconductor electronic design automation with Ansys’ comprehensive simulation and analysis portfolio.
Ansys (NASDAQ: ANSS) has secured a contract to provide digital engineering solutions to the Microelectronics Commons for national security advancement. The company will supply nearly 90% of its simulation suite to six of eight regional technology hubs through the Cross Hub Enablement Solution program. The initiative, funded by the CHIPS Act, focuses on domestic semiconductor manufacturing innovation in areas including 5G/6G, AI, and quantum technology.
Ansys will provide the Ansys Learning Hub to participating technology hubs and their members, supporting education and workforce development in semiconductor technology. The project aims to bridge the gap between research and practice while strengthening U.S. intellectual property and market influence in the semiconductor industry.
Ansys (NASDAQ: ANSS) announces integration of NVIDIA Modulus AI framework into its semiconductor simulation products to accelerate design optimization. The integration with Ansys SeaScape platform will enable engineers to create customized AI models for faster design iterations. The technology has demonstrated over 100x speed-up for thermal simulations and will enhance product development for GPUs, HPC chips, AI chips, and smartphone processors. The integration will be implemented across Ansys' semiconductor solutions including RedHawk-SC, Totem-SC, PathFinder-SC, and RedHawk-SC Electrothermal.
Ansys (NASDAQ: ANSS) has achieved a breakthrough in computational fluid dynamics (CFD) simulation using NVIDIA GH200 Grace Hopper Superchips. The company successfully ran its largest-ever Fluent CFD simulation, achieving a 110x speed acceleration that reduced runtime from four weeks to just six hours. The test, conducted at the Texas Advanced Computing Center, used 320 GH200 Superchips to solve a 2.4-billion-cell automotive aerodynamics simulation. This performance is equivalent to approximately 225,390 CPU cores, with a single GH200 chip matching nearly 1,408 CPU cores when scaled to 32 GPUs. The advancement enables faster, higher-fidelity simulations while maintaining predictive accuracy, benefiting industries like automotive, aerospace, and semiconductor manufacturing.
Vertiv (NYSE: VRT) is partnering with Ansys (NASDAQ: ANSS) to transform their data center cooling systems design process. The collaboration leverages Ansys' digital engineering technology, specifically the optiSLang optimization framework and Minerva simulation management system, to accelerate development and delivery of customized heat exchanger coils. This technology enables both experts and non-experts to access automated simulations, reducing development time and eliminating designer-to-engineer handoffs. The implementation aims to improve scalability, enable faster decision-making, and reduce go-to-market timelines for Vertiv's cooling solutions, particularly for AI-enabled infrastructure.
WEG has developed the revolutionary W80 AXgen industrial electric motor using Ansys (NASDAQ: ANSS) simulation solutions. The motor achieves significant weight reduction, from 1,498 kg to 51 kg for a 220 kW power output model, while maintaining performance. WEG utilized multiple Ansys tools including Mechanical, Fluent, Granta, and Electronics for development.
The W80 AXgen features axial flux technology, offering higher power density and specific torque compared to traditional radial flux motors. Available in 5.5 kW to 220 kW single configuration and up to 440 kW in stackable configuration, it's designed for industrial applications like air compressors, water pump systems, and generators.
Ansys (NASDAQ: ANSS) reported strong Q3 2024 financial results with revenue of $601.9 million, up 31% year-over-year. The company achieved GAAP earnings per share of $1.46 and non-GAAP EPS of $2.58, with operating profit margins of 26.8% (GAAP) and 45.8% (non-GAAP). Annual Contract Value (ACV) grew 18% to $540.5 million. The company closed an $88 million contract in the high-tech industry. The pending acquisition by Synopsys is expected to close in first half 2025, subject to regulatory approvals. Due to this transaction, Ansys has suspended quarterly earnings calls and guidance.
IonQ (NYSE: IONQ) and Ansys (Nasdaq: ANSS) have announced a strategic partnership to integrate quantum computing into the $10B computer-aided engineering (CAE) industry. The collaboration aims to accelerate simulation processes, expand design exploration, and reduce product development timelines. Ansys will gain access to quantum infrastructure for testing, while IonQ will utilize Ansys' multiphysics technology to design next-generation quantum computers. The partnership focuses on making quantum simulation accessible to both expert and non-expert users, potentially revolutionizing the CAE market through enhanced computational capabilities.
Ansys (NASDAQ: ANSS) received four TSMC 2024 OIP Partner of the Year awards for excellence in design enablement. The recognition highlights Ansys' achievements in multiphysics analysis solutions for advanced silicon processes and 3D-IC technologies. The awards specifically acknowledge joint development in: multiphysics analysis incorporating mechanical stress analysis, power integrity solutions for N2P and A16 processes, COUPE enablement for multi-die systems, and RF design migration automation. The collaboration between TSMC and Ansys aims to address complex design challenges in AI, HPC, and photonics silicon systems.
ANSYS, Inc. (NASDAQ: ANSS) has announced that it will release its third quarter 2024 earnings on Wednesday, November 6, 2024, after market close. Due to the pending acquisition by Synopsys, Inc., Ansys has suspended quarterly earnings calls and no longer provides quarterly or annual guidance. The earnings press release and 10-Q filing will be available on the investor section of the Ansys website.
The Synopsys acquisition of Ansys, announced on January 15, 2024, is expected to close in the first half of 2025, subject to regulatory approvals and closing conditions. This merger aims to create a leader in silicon to systems design solutions by combining Synopsys' semiconductor electronic design automation with Ansys' simulation and analysis portfolio.
Faraday Technology is expanding its use of Ansys technology to enhance its capabilities in developing advanced designs for multi-die 2.5D/3D-ICs, critical for AI, IoT, and 5G applications. Faraday will use Ansys RaptorX™ on-chip electromagnetic modeling solution to optimize interposer and multi-die designs, supporting better memory bandwidth, signal integrity, and performance of end applications.
The addition of RaptorX into Faraday's design flow will increase precision and efficiency in the development process, enabling predictively accurate EM modeling and analysis for advanced 3D-IC products. This will improve design fidelity, enhance performance and reliability, and accelerate time-to-market. Faraday's expanded use of Ansys technology aims to empower customers to explore more robust design options for innovative products.
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