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Ansys Announces Financial Contribution in Support of Ukrainian Refugees After Previously Suspending Business Operations in Russia and Belarus

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On March 10, 2022, Ansys (NASDAQ: ANSS) announced a financial contribution to Doctors Without Borders to aid Ukrainian refugees, reflecting its stance against Russia's invasion of Ukraine. Previously, Ansys suspended all sales and consulting activities in Russia and Belarus as part of its response to the ongoing crisis. The company emphasizes its solidarity with the global community, condemning the invasion and supporting its employees affected by the turmoil. Ansys continues to monitor the situation, hoping for a swift resolution and return to peace.

Positive
  • Financial contribution to Doctors Without Borders for Ukrainian refugees highlights corporate social responsibility.
  • Suspension of business operations in Russia and Belarus may mitigate potential reputational risks.
Negative
  • Suspension of sales transactions in Russia and Belarus could impact revenue growth in those markets.

PITTSBURGH, March 10, 2022 /PRNewswire/ -- In response to Russia's invasion of Ukraine, Ansys (NASDAQ: ANSS) previously suspended all sales transactions and business development consulting activities in Russia and Belarus. Today, Ansys announced it will also make a financial contribution to Doctors Without Borders in support of Ukrainian refugees.

Ansys stands alongside the international community in condemning Russia's invasion of Ukraine and the horrific suffering and needless loss of life. Ansys continues to monitor the crisis and stands by employees who have family and friends affected by this tragedy.

Ansys remains committed to the actions of the global community in supporting an end to tragic events continuing to unfold in Ukraine. Ansys hopes for a rapid resolution to this crisis and a return to peace.

/ About Ansys

If you've ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge, or put on wearable technology, chances are you've used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world's most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

ANSS–G

/ Contacts




Media

Mary Kate Joyce


724.820.4368


marykate.joyce@ansys.com



Investors

Kelsey DeBriyn


724.820.3927


kelsey.debriyn@ansys.com

 

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SOURCE Ansys

FAQ

What financial contribution did Ansys announce on March 10, 2022?

Ansys announced a financial contribution to Doctors Without Borders to support Ukrainian refugees.

Why did Ansys suspend business operations in Russia and Belarus?

Ansys suspended operations in response to Russia's invasion of Ukraine.

How has Ansys responded to the conflict in Ukraine?

Ansys condemned the invasion and made a financial contribution to support affected individuals.

What is Ansys's stock symbol?

Ansys's stock symbol is ANSS.

Ansys Inc

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