STOCK TITAN

Ansys Inc - ANSS STOCK NEWS

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.

Rhea-AI Summary

Ansys (NASDAQ: ANSS) announces collaboration with Sony Semiconductor Solutions to enhance perception system validation in autonomous vehicles (AV) and advanced driver assistance systems (ADAS). The partnership combines Ansys AVxcelerate Sensors™ software with Sony's HDR Image Sensor Model to enable comprehensive testing of AV functions in diverse conditions including low light, nighttime, rain, snow, and fog.

The collaboration allows OEMs and Tier 1 suppliers to expedite thousands of on-road driving hours through virtual testing, significantly reducing development costs while improving safety validation. The AVxcelerate platform simulates how light travels through various environments and camera systems, reproducing pixel characteristics and signal processing functions with high accuracy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
none
-
Rhea-AI Summary

Ansys (NASDAQ: ANSS) has released a report introducing a new methodology for measuring sustainability impact through simulation during product design and life cycle. The report, supported by McKinsey & Co, showcases successful implementations at Danfoss Drives, Infineon, and Mars, demonstrating GHG emissions reductions of at least 10% using Ansys solutions.

The methodology focuses on four sustainability pillars: clean environment, materials and circularity, energy solutions, and manufacturing efficiency. Notable success stories include Danfoss Drives achieving 45% reduction in lifetime energy consumption, Infineon cutting electrical losses by 50% in EV inverter design, and Mars reducing plastic use by 246 tons in 2024 through packaging redesign.

The four-step methodology helps companies: 1) Identify key metrics, 2) Evaluate initiatives, 3) Assess simulation's contributions, and 4) Quantify impact.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
none
-
Rhea-AI Summary

Ansys (NASDAQ: ANSS) and Cummins have extended their collaboration agreement, building on previous successes where Ansys' simulation solutions helped Cummins achieve significant cost savings and faster product development. The partnership will focus on enhancing Ansys' simulation capabilities and developing new workflows to support Cummins' Destination Zero strategy, which aims for carbon neutrality through advancing core business and zero-emissions solutions.

The extended collaboration will incorporate artificial intelligence into product development processes and create new tools to address complex engineering challenges. This partnership aligns with both companies' commitment to sustainable engineering and technological innovation in power solutions development.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.72%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
Tags
AI
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.11%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
-
News
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.58%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.58%
Tags
none

FAQ

What is the current stock price of Ansys (ANSS)?

The current stock price of Ansys (ANSS) is $338.38 as of December 20, 2024.

What is the market cap of Ansys (ANSS)?

The market cap of Ansys (ANSS) is approximately 29.1B.

What does Ansys Inc. specialize in?

Ansys specializes in engineering simulation software, including finite element analysis, computational fluid dynamics, electronics, electromagnetics, and design optimization.

How many employees does Ansys have?

Ansys employs over 4,000 professionals, including a significant number of master’s and Ph.D.-level engineers.

Who are the primary customers of Ansys?

Ansys serves over 50,000 customers globally, including industries such as aerospace, defense, automotive, and semiconductors.

What recent partnerships has Ansys announced?

Ansys has recently formed partnerships with SynMatrix to improve RF filter design workflows and with BAE Systems to advance digital engineering for the U.S. Department of Defense.

What is AnsysGPT?

AnsysGPT is an AI-powered virtual assistant that provides rapid, 24/7 customer support by leveraging ChatGPT technology and Ansys’ knowledge base.

What were Ansys' financial results for Q1 2024?

Ansys reported first-quarter 2024 revenue of $466.6 million with a GAAP diluted earnings per share of $0.40.

What is the significance of Ansys' acquisition by Synopsys?

The acquisition, expected to close in the first half of 2025, aims to create a leader in silicon-to-systems design solutions by combining Synopsys' and Ansys' expertise.

How does Ansys contribute to innovation?

Ansys reinvests 15% of its revenues annually into R&D and partners with leading organizations to advance simulation technologies and digital engineering.

What is the Ansys Academic Program?

The Ansys Academic Program provides software access to students and educators to support engineering education and research.

Where can I find more information about Ansys' financials and latest news?

You can visit the investor section of the Ansys website or major financial news websites for the latest updates and detailed financial reports.

Ansys Inc

Nasdaq:ANSS

ANSS Rankings

ANSS Stock Data

29.15B
87.10M
0.41%
96.42%
1.52%
Software - Application
Services-prepackaged Software
Link
United States of America
CANONSBURG