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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 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.
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.
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