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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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Ansys (NASDAQ:ANSS) has entered into a multi-year agreement with Liebherr Group to implement an enterprise simulation strategy and model-based engineering approach. This collaboration aims to maximize simulation value through software democratization across Liebherr's sites, driving better product design strategies, reducing overall testing, and speeding up time-to-market.

The partnership extends Liebherr's 35-year engagement with Ansys across its product portfolio, strengthening the digital thread. Ansys simulation enables detailed virtual models describing all physical and functional aspects of Liebherr products, covering various domains including mechanical, fluid dynamics, electronics, and safety analysis. CADFEM Germany GmbH, an Ansys Apex Channel Partner, provides support through training, user support, and consulting services.

This initiative is particularly significant for Liebherr-Aerospace and Transportation SAS, one of Liebherr's largest divisions, which has launched a digital transformation program to implement a model-based enterprise approach and achieve digital continuity across the entire product lifecycle.

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Ansys (NASDAQ: ANSS) and TSMC have expanded their collaboration to leverage AI for advancing 3D-IC design and develop next-generation multiphysics solutions for advanced semiconductor technologies. The partnership aims to enhance productivity in designing 3D integrated circuits through AI-driven solutions and automation. Key developments include:

1. Integration of Ansys optiSLang and RaptorX for optimized channel design, reducing EM simulations.
2. Collaboration with Synopsys on an AI-assisted RF migration flow.
3. Expansion of RedHawk-SC Electrothermal platform for 3D-IC thermal and stress analysis.
4. Joint support for the latest version of 3Dblox.
5. Development of a comprehensive workflow for TSMC's COUPE (Compact Universal Photonics Engine).
6. Enablement of RedHawk-SC Electrothermal for TSMC's new A16 silicon process.

These advancements aim to improve design productivity, reduce costs, and accelerate time-to-market for semiconductor products in AI, HPC, and high-speed data communication.

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Ansys (NASDAQ: ANSS), TSMC, and Microsoft have collaborated to achieve a 10X speed-up in the simulation and analysis of silicon photonic components. This breakthrough was accomplished using Ansys Lumerical FDTD 3D electromagnetic simulation software on Microsoft Azure NC A100v4-series virtual machines powered by NVIDIA GPUs.

The collaboration aims to accelerate the development of Photonic Integrated Circuits (PICs) for applications in data communications, biomedical tools, automotive LiDAR systems, and artificial intelligence. By leveraging Azure's cloud infrastructure, the partnership enables seamless deployment, graphical interface access, scaling of distributed simulations, and post-processing for large datasets.

This advancement is important for addressing challenges in combining photonic and electronic circuits, potentially reducing costs and timeline setbacks in chip design. The collaboration demonstrates Ansys's ability to harness cloud infrastructure to deliver powerful, predictively accurate solutions for complex multiphysics silicon designs.

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FAQ

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

The current stock price of Ansys (ANSS) is $332.38 as of November 15, 2024.

What is the market cap of Ansys (ANSS)?

The market cap of Ansys (ANSS) is approximately 29.2B.

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

29.17B
87.30M
0.41%
96.88%
1.54%
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