Ansys Inc - ANSS STOCK NEWS

Synopsys, Ansys, and Keysight Technologies announced the launch of a new 79GHz mmWave RF design reference flow for TSMC's 16nm FinFET technology, enhancing the development of integrated circuits (ICs) for autonomous systems. This reference flow is pivotal for applications requiring high reliability, including automotive radar and 5G connectivity. The collaboration aims to deliver optimal performance, security, and reliability, tackling challenges in RF design. Key elements include Synopsys Custom Design Family, Ansys's multiphysics signoff analysis, and Keysight's electromagnetic simulation tools, which together enhance the sensitivity and reliability of autonomous systems. The new design reference flow promises to push the boundaries of RF and mmWave technology, aligning with growing demands in next-gen autonomous applications.

Ansys has unveiled the Ansys Developer portal, a new platform aimed at enhancing the developer experience (DX) by centralizing access to documentation, collaboration, and tools for simulation technologies.

This all-in-one hub simplifies access to resources for engineers and developers, allowing them to create multiphysics solutions efficiently. The portal not only consolidates developer tools from Ansys' extensive portfolio but also features a community forum for collaboration and sharing ideas.

By streamlining these resources, Ansys aims to reduce task completion time, minimize errors, and enhance innovation across various industries. Companies like Danfoss have already recognized the benefits of these developer tools, indicating a significant step towards democratizing simulation.

ANSYS, Inc. (NASDAQ: ANSS) will release its first quarter earnings on May 3, 2023, following the market's close. A conference call is scheduled for 8:30 a.m. Eastern Time on May 4, 2023, led by CEO Ajei Gopal and CFO Nicole Anasenes. This call will provide insights into the company's first quarter results and future outlook. Participants may pre-register using the provided link to get immediate access and a unique PIN. Details about the event, including a webcast link, will be available on the company’s investor relations page. ANSYS leverages simulation software to facilitate innovation across various industries, aiming to enhance performance and efficiency.

Axelera AI has chosen Ansys simulation software to enhance the power integrity of its new Metis AI Processing Unit (AIPU). This collaboration aims to mitigate project risks and improve predictive accuracy in the development of Axelera AI's latest edge AI platform.

Utilizing a two-step workflow, the Ansys tools validated floorplan quality and IR drop issues in the AIPU, which houses around 100 million gates. This methodology allowed for swift detection of design flaws, crucial for maintaining chip reliability.

Additionally, the partnership is expected to accelerate development efforts, allowing Axelera AI to scale its initiatives effectively, adhering to the demands for advanced AI platforms that require vast data processing capabilities.

Ansys has joined the European research initiative PowerizeD, a €72 million project aimed at enhancing the sustainability and efficiency of power electronics. The endeavor focuses on utilizing digital twin technology to innovate workflows that improve energy efficiency, reduce development costs, and promote decarbonization. Initiated by Infineon Technologies, this three-year project aims to achieve several objectives, including reducing power loss by 25%, extending device lifespans by 30%, and shortening development times by 50%. Ansys's participation is expected to showcase how integrated simulation can streamline product development and support European decarbonization goals.

Ansys simulation technology is empowering Globe Fuel Cell Systems to develop innovative hydrogen fuel cell solutions efficiently. The collaboration has facilitated Globe's XLP80 hybrid fuel cell system, significantly contributing to a pro-hydrogen economy through enhanced energy output. Utilizing a triple-stage simulation, Globe saved over $150,000 in development costs by minimizing the need for physical testing. This advanced simulation also allows Globe to optimize cooling systems, ensuring reliable performance and faster market scalability, crucial for achieving carbon neutrality in various industries.

Ansys has announced a $250,000 investment in 2023 to support academic institutions that integrate its simulation tools into engineering curricula. The initiative aims to equip future engineers with essential simulation skills through two open calls for proposals. Educators can reshape existing courses or develop new curricula with Ansys tools, enhancing student learning and job readiness. The first submission deadline is March 31, with grant amounts reaching up to $25,000 per selected institution. This effort emphasizes the importance of simulation in engineering education, aiming to address industry needs for skilled professionals.

ANSYS reported Q4 2022 GAAP revenue of $694.1 million and non-GAAP revenue of $694.7 million, reflecting a 6% and 5% growth year-over-year, respectively. The diluted EPS was $2.95 GAAP and $3.09 non-GAAP, showing increases of 28% and 10%, respectively. For FY 2022, GAAP revenue reached $2.065 billion, up 8% from FY 2021. The company achieved annual contract value (ACV) exceeding $2.0 billion. Looking forward, ANSYS expects Q1 2023 revenue guidance of $482.5 million to $507.5 million and FY 2023 revenue of $2.242 billion to $2.322 billion. The outlook reflects continued strong demand despite macroeconomic challenges.

Ansys has announced an extension of its collaboration with Microsoft, enhancing the availability of its simulation solutions through Ansys Access on Microsoft Azure. This new offering aims to provide customers with cost-effective, cloud-based access to advanced engineering tools, improving productivity and collaboration. Key benefits include enhanced high-performance computing (HPC) capabilities, integration with Microsoft 365, and support for applications in various sectors such as electrification and sustainability. This initiative reflects Ansys' commitment to modernizing product design processes and optimizing cloud access for engineers globally.