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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 is aiding ZeroAvia in developing a hydrogen-electric powertrain aimed at reducing aircraft emissions. By utilizing Ansys simulations throughout the design and certification phases, ZeroAvia is tackling challenges related to safety and thermal management. The hydrogen-electric technology is projected to produce 90% less lifecycle emissions compared to traditional jet fuel. ZeroAvia plans to commercialize a 600kW powertrain for 9-19 seat aircraft by 2024, followed by a larger 2-5MW system for 40-80 seat aircraft by 2026, leveraging Ansys solutions to enhance efficiency and safety.
ANSYS, Inc. (NASDAQ: ANSS) will release its third quarter earnings on November 2, 2022, after market close. A conference call, led by CEO Ajei Gopal and CFO Nicole Anasenes, will follow on November 3, 2022, at 8:30 a.m. Eastern Time to discuss the results and future outlook. Participants are encouraged to pre-register for easier access to the call. The earnings press release and details will be available on the company's investor website.
Ansys (NASDAQ: ANSS) has signed a definitive agreement to acquire C&R Technologies, a leader in thermal analysis for space applications, enhancing Ansys' simulation capabilities. The integration of Thermal Desktop will allow for improved design and optimization of thermal systems, particularly in aerospace and defense sectors. This acquisition is expected to complement Ansys' existing offerings without a material impact on its 2022 financial statements. The deal aligns with Ansys' strategy to strengthen its position in the growing NewSpace market.
Ansys announced its collaboration with AMD to support AMD Instinct™ accelerators in Ansys® Mechanical™, enhancing finite element analysis capabilities. This integration allows for 3 to 6 times faster simulation of complex structural models, significantly improving performance in data centers and supercomputers. Ansys aims to leverage cutting-edge GPU technology for better design efficiency in industries like automotive and aerospace. This partnership aligns with Ansys’ strategy to invest in sustainable, high-performance computing technologies.
ANSYS reported Q2 2022 GAAP revenue of $473.9 million, a 6% increase year-over-year, while non-GAAP revenue rose 5% to $475.9 million. The company also achieved a GAAP diluted EPS of $1.13 and non-GAAP EPS of $1.77. ACV grew 7% to $460.3 million in reported currency, or 13% in constant currency. ANSYS raised its full-year 2022 guidance for ACV and revenue in constant currency due to strong demand and business momentum, despite challenges posed by currency fluctuations. The outlook anticipates GAAP revenue between $1.997 billion and $2.048 billion.
Ansys (NASDAQ: ANSS) has announced a goal to reduce its scope 1 and scope 2 emissions by 15% by 2027, based on a 2019 baseline. The company is focusing on sustainability through advanced simulation technology that helps clients minimize waste and improve circularity. Ansys is implementing projects from energy audits, including on-site renewable energy initiatives. Their ESG program aims to generate long-term value by collaborating with stakeholders and driving positive change.
Ansys has launched its latest software release, Ansys 2022 R2, enhancing product design capabilities with advanced simulation technologies. Key features include AI-driven insights, open workflows for improved collaboration, and significant performance boosts with GPU solvers, achieving up to 4x power savings. The software supports complex product development across various industries, facilitating sustainability in material selection and optimizing electric vehicle design. Ansys aims to redefine engineering innovation, enabling teams to tackle demanding design challenges efficiently.
ANSYS (NASDAQ: ANSS) will host a virtual Investor Update on August 9, 2022, from 8:30 a.m. to 10:30 a.m. ET. The event will feature key insights into the company's long-term strategy and financial outlook from Ajei Gopal, CEO, and Nicole Anasenes, CFO. Participants can register online and join via live video webcast or telephone. A replay will be available shortly after the event. ANSYS continues to lead in simulation technology, enabling companies to innovate across various industries.
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