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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 announced the launch of two innovative semiconductor products, Totem-SC™ and PathFinder-SC™, designed to enhance power integrity and reliability for automotive, 5G, and high-performance compute semiconductors. Integrating with the SeaScape™ platform, these products offer significantly improved speed and capacity, achieving up to 10x faster performance for analyzing dynamic voltage drops and electrostatic discharge signoffs. This release reinforces Ansys' commitment to open, customizable design platforms in multiphysics engineering simulations.
Ansys announces a successful deployment of its software platform by Juniper Networks to enhance high-speed networking chip design. The SeaScape platform's elastic compute architecture reduces reliance on costly machinery, while the Ansys Chip Power Model ensures accurate hierarchical power analysis. Juniper faced challenges with the latest 7nm chip design, including over 60 billion transistors and reliable voltage coverage. Ansys RedHawk-SC significantly sped up power integrity signoff, aiding Juniper's goal to deliver advanced networking products faster and more reliably.
ANSYS, a leader in engineering simulation, announced that Ajei Gopal, CEO, will participate in a moderated discussion at Bernstein's 38th Annual Strategic Decisions Conference on June 2, 2022, at 2:30 p.m. ET. A live webcast will be available for attendees and archived for future access. During the event, Gopal may discuss forward-looking statements regarding the company's financial outlook and product developments. Investors can access further details on their official site for more information.
ANSYS reported Q1 2022 revenues of $425.1 million, a 17% increase YoY, with GAAP earnings per share (EPS) at $0.81 and non-GAAP EPS at $1.36, marking a 21% increase. ACV grew 8% to $344.1 million, with a 19.1% GAAP operating profit margin. The company raised its FY 2022 outlook, expecting revenues between $1,997.6 million and $2,057.6 million and diluted EPS between $5.00 and $5.54. This reflects robust performance despite geopolitical challenges and currency headwinds.
Ansys announced the acquisition of Motor Design Limited (MDL), enhancing its electric machine design capabilities. This move builds on a two-year collaboration, enabling the incorporation of Motor-CAD into Ansys' product suite. The acquisition is aimed at addressing the increasing global demand for efficient electric machines and sustainability initiatives. MDL's technology will provide advanced multiphysics workflows, improving design efficiency across various applications. The financial impact for Ansys in 2022 is not expected to be material.
BMW Group and Ansys enhance collaboration to develop a cutting-edge simulation tool chain aimed at improving safety in automated and autonomous vehicle technology. This effort focuses on advanced driver-assistance systems (ADAS) and aims to facilitate the mass generation of critical safety scenarios. Leveraging Ansys' software, BMW plans to achieve Level 3 highly automated driving capabilities, accelerating development timelines while addressing industry challenges such as data handling and cyber security.
Safran Aircraft Engines will utilize Ansys' simulation solutions to enhance structural and thermal simulation workflows in new aircraft engine programs. This partnership aims to support sustainability efforts while reducing development time and costs. Key features include advanced open fan architecture and hybrid electrification to decrease fuel consumption and CO2 emissions by over 20%. Ansys' tools are expected to streamline the workflow, improving usability and scalability in engine design.
Ansys will collaborate with the University of Colorado Boulder to launch a master's degree program in High-Speed Digital Engineering. This initiative aims to equip future electronics engineers with essential simulation skills using Ansys' leading software. Key features include hands-on experience with four major simulation applications and industry insights to enhance the curriculum. The program is set to begin in spring 2023, potentially expanding to online offerings. Ansys’ involvement will help prepare students for immediate contributions in the engineering workforce.
ANSYS (NASDAQ: ANSS) will announce its Q1 2022 earnings on May 4, 2022, post-market close. A conference call hosted by CEO Ajei Gopal and CFO Nicole Anasenes is scheduled for 8:30 a.m. ET on May 5, 2022, to discuss the results and future outlook. Participants can pre-register and gain immediate access via a unique PIN. The webcast and earnings release will be available on the corporate website. Ansys is recognized as a leader in engineering simulation software, aiding companies in delivering superior products.
Ansys (NASDAQ:ANSS) is collaborating with Northrop Grumman to develop the Deep-Space Advanced Radar Capability (DARC) for the U.S. Space Force. This initiative involves Ansys' simulation and digital mission engineering solutions to create a digital twin prototype for radar systems aimed at enhancing space domain awareness. The initial contract focuses on designing a Site 1 system, expected to be completed by 2025, with plans for additional radar sites globally. This partnership underlines Ansys' commitment to advancing national security through innovative engineering solutions.
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