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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 appointed Claire Bramley to its Board of Directors effective December 15, 2022. With extensive experience in financial leadership, including roles at Teradata and HP, Bramley brings a wealth of knowledge in strategic planning and mergers & acquisitions. Her appointment aims to enhance Ansys' operational excellence and growth potential. Ansys' chairman and CEO expressed confidence that Bramley's expertise will complement their ongoing business momentum.
Ansys (NASDAQ: ANSS) has announced certification of its semiconductor tools—RedHawk-SC, RaptorH, and HFSS—by GlobalFoundries (GF) for use on the 22FDX platform. This certification allows chip designers to utilize Ansys' predictive tools to enhance performance and reduce costs by eliminating unnecessary safety margins while ensuring reliability. The 22FDX platform is widely used in IoT, mobile, and automotive applications. Ansys emphasizes the importance of this collaboration, promising predictive accuracy in validating chip designs critical for high-speed and ultra-low power performance.
ANSYS reported Q3 2022 revenue of $472.5 million, a 7% increase from Q3 2021, with GAAP diluted EPS of $1.10 and non-GAAP EPS of $1.77, up 13% and 11%, respectively. Annual Contract Value (ACV) grew 12% to $409.3 million, with a strong 20% rise in constant currency. Operating cash flows were $127.2 million, down 19%. Looking ahead, the company raised its FY 2022 outlook for revenue and ACV amidst currency challenges, anticipating GAAP revenue between $1.9927 and $2.0277 billion. The overall performance reflects strong demand for simulation solutions across industries.
Ansys has launched Ansys Gateway powered by AWS, facilitating access to simulation software through Amazon Web Services. This platform enables developers and engineers to manage their simulation projects online with high performance and scalability. Customers can utilize Ansys applications on a pay-for-use basis, reducing costs and time to market. The Gateway offers a unified workspace for various applications, enhancing innovation and efficiency. Ansys aims to make simulation software more accessible to startups and businesses of all sizes, leveraging AWS to overcome traditional hardware limitations.
Ansys has received certification for its power integrity software, Redhawk-SC and Totem, for TSMC's FINFLEX architecture built on N3E and N4 process technologies. This certification enables customers to optimize performance and power efficiency in chip designs, critical for applications in machine learning, 5G, and high-performance computing. The collaboration promotes sustainable semiconductor technology, allowing designers to select configurations that balance performance and power consumption effectively.
Ansys announced a new multiyear agreement with Murata to enhance the development of their wireless connectivity products. This collaboration leverages Ansys' extensive simulation portfolio, aimed at improving efficiency, performance, and quality of electronic components, such as RF modules and multilayer ceramic capacitors.
The partnership builds on existing relations and promises to support Murata's sustainability initiatives and market expansion, especially in light of increasing demands for high-frequency communication technologies.
Ansys has announced that its RedHawk-SC and RedHawk-SC Electrothermal platforms have been certified for compliance with TSMC's 3Dblox standard. This certification simplifies 3D-IC design and enhances interoperability between tools in TSMC's 3DFabric ecosystem. As part of TSMC's Reference Flow, these solutions address power integrity and thermal reliability in advanced semiconductor designs, contributing to efficient chiplet reuse and modular design.
Synopsys, Ansys, and Keysight Technologies have launched a new mmWave radio frequency (RF) design flow optimized for TSMC's 16nm FinFET technology. This collaboration aims to meet the power and performance demands of 5G/6G system-on-chips (SoCs). The flow integrates advanced tools to enhance design efficiency, focusing on scalability, power integrity, and electromagnetic analysis. The strong market demand for mmWave technology is anticipated to drive growth as 5G adoption increases. The partnership underlines the importance of ecosystem collaboration in achieving silicon success for complex RF designs.
Ansys congratulates Oracle Red Bull Racing for winning the 2022 Constructors' Championship and Drivers' Championship, marking their first double win since 2013.
The team utilized Ansys simulation software for aerodynamics and material management to enhance performance under new regulations. Ansys has been an innovation partner since 2008, providing tools crucial for the team's competitive edge. Notably, driver Max Verstappen secured his title on October 9, 2022, contributing to a successful season that showcased the effectiveness of Ansys' solutions in adapting to changes in vehicle design.
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