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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 2023 R1 enhances engineering simulation capabilities, enabling faster, more complex product simulations through optimized cloud options and multi-GPU uses. Key features include improved collaborative workflows in model-based systems engineering (MBSE), integration of AI/ML, and advanced performance improvements for high-fidelity simulations. The release includes new tools for managing projects via AWS, enhancing material selection for sustainability, and facilitating optimization in semiconductor design. Ansys aims to support engineers in making swift, informed decisions, significantly reducing development costs, and driving innovation across industries.
ANSYS, Inc. (NASDAQ: ANSS) has announced the release date for its fourth quarter and full-year 2022 earnings, set for February 22, 2023, after market closure. A conference call will follow on February 23, 2023, at 8:30 a.m. Eastern Time, featuring CEO Ajei Gopal and CFO Nicole Anasenes to discuss financial results and future outlook. Participants can pre-register for immediate access to the call or join by dial-in. The earnings press release and call audio will be available on the company’s investor website.
Ansys technology is pivotal for Turntide in advancing zero-emissions electric powertrains for industrial vehicles. Utilizing Ansys simulation tools, Turntide enhances the design of electrification solutions, achieving a 25% reduction in development costs. The focus is on heavy-duty vehicles that face unique sustainability challenges. Ansys simulations ensure product reliability by testing under harsh conditions, providing critical performance data. This collaboration supports global net-zero goals through cleaner commercial transportation.
Ansys has signed a multiyear agreement with Sub-Zero Group to enhance simulation-driven product development. By integrating Ansys simulation solutions in early R&D stages, Sub-Zero aims to optimize designs and improve efficiency while reducing physical prototypes by up to 50% and accelerating development timelines by nearly 20%. This shift to virtual prototyping not only boosts productivity but also enhances sustainability by minimizing material use. The partnership emphasizes the importance of simulation in creating high-quality kitchen appliances.
Praan, Inc., a technology startup, has leveraged Ansys' simulation solutions to develop innovative filterless air purifiers aimed at improving air quality. The new MK One, MK Two, and HIVE models offer low maintenance costs and faster development times—reducing prototyping from 4.5 years to just 45 days. Notably, Praan's air purification technology aims to combat air pollution in large spaces while ensuring net-zero emissions through sustainable practices. The products are showcased at CES 2023, highlighting their commitment to affordable, effective clean air solutions.
Ansys (NASDAQ: ANSS) supports Halodi Robotics in developing humanoid robots through its simulation software, reducing development time significantly. The robots aim to assist in various tasks, including healthcare logistics, thus addressing labor shortages. Halodi's engineers utilized Ansys tools to create high-torque motors that are both powerful and safe, mimicking human muscle behavior. The initiative enhances the interaction between robots and humans in real-world settings, showcasing advancements in robotics technology.
Bianchi, an Italian bicycle manufacturer, utilized Ansys simulation software to achieve a 70% reduction in physical bike frame prototyping. This innovation enables faster time-to-market and reduced development costs while satisfying safety and performance requirements. Supported by channel partner EnginSoft, the company’s E-Omnia e-bike has been showcased at CES 2023, highlighting a shift towards green mobility. Ansys solutions allowed Bianchi to optimize frame geometry and design verification, improving overall performance and meeting market demand for lighter, stiffer, and faster bicycles.
Ansys announces its collaboration with Atomberg, an innovator in energy-efficient appliances, to develop a new electric fan motor that utilizes a simulation-driven design. This technology allows the fan to consume 65% less electricity compared to traditional models, running on only 28 watts instead of 70-80 watts. With the support of CADFEM India, Ansys simulation tools have been integral in optimizing performance and ensuring sustainability through reduced energy consumption. This move aligns with both companies' commitment to sustainability and innovation in home appliances.
Ansys has announced the acquisition of Rocky DEM, a leader in discrete element method (DEM) simulation software, to enhance its particle mechanics offerings. This strategic move aims to bolster Ansys' presence in South America and integrate Rocky's technology across various industries. The acquisition is expected to provide users with advanced modeling tools to optimize solid handling processes and improve product quality. Ansys does not anticipate any significant impact on its financials for 2023 as a result of this transaction.
Ansys will showcase its simulation solutions at CES 2023, highlighting advancements in sustainable mobility. Key exhibits include collaborations with AWS, Microsoft, and Bianchi, focused on electric vehicles and autonomous systems. Ansys aims to enhance product development through digital transformation, reducing costs and emissions. The company positions itself as a leader in simulation technologies, vital for accelerating innovation in the mobility sector. Key partnerships emphasize the importance of simulation in achieving a connected and sustainable future for transportation.
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