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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 has signed a definitive agreement to acquire OnScale, enhancing its cloud portfolio with a cloud-native, web-based user interface. This integration aims to provide device-independent access to Ansys' simulation technologies through both traditional and new UI formats. The deal will not materially impact Ansys' financial performance in 2022. OnScale's technology is expected to support Ansys' strategy of offering flexible simulation solutions to various customer needs, from large enterprises to startups.
Vestas, a leading renewable energy company, has extended its use of Ansys SCADE to develop advanced wind turbine controllers, enhancing safety and sustainability in power management solutions.
This collaboration aims to integrate complex safety capabilities and improve system performance within wind turbine designs. Ansys SCADE supports Vestas in meeting rigorous certification standards while driving down costs. With the growing emphasis on net-zero energy solutions, this partnership underlines the strategic importance of innovative safety systems in the renewable energy sector.
Ansys (NASDAQ: ANSS) announces the automatic upgrade of Ansys Cloud to include the 3rd Gen AMD EPYC processors with AMD 3D V-Cache technology, available on Microsoft Azure HBv3 virtual machines. This upgrade enhances performance for technical computing workloads, achieving up to an 80% improvement in computational fluid dynamics (CFD) simulations and a 50% boost in finite element analysis (FEA) crash tests. The integration allows customers to solve challenges faster, streamlining design decisions. The collaboration aims to meet the rising demand for high-performance computing.
On March 10, 2022, Ansys (NASDAQ: ANSS) announced a financial contribution to Doctors Without Borders to aid Ukrainian refugees, reflecting its stance against Russia's invasion of Ukraine. Previously, Ansys suspended all sales and consulting activities in Russia and Belarus as part of its response to the ongoing crisis. The company emphasizes its solidarity with the global community, condemning the invasion and supporting its employees affected by the turmoil. Ansys continues to monitor the situation, hoping for a swift resolution and return to peace.
Ansys collaborates with GlobalFoundries (GF) to enhance photonic design capabilities addressing the challenges of modern data centers. The GF Fotonix platform, notable for its integration of 300mm photonics and RF-CMOS on silicon wafers, aims to improve performance and energy efficiency in data transmission. Both companies aim to streamline custom SiPh chip design workflows, combining advanced photonics simulation tools with GF's innovative solutions. The partnership positions GF as a leader in optical networking, with the first process file supporting GF Fotonix set for release in April 2022.
Ansys (NASDAQ: ANSS) has been selected by SiPearl to utilize its Redhawk-SC semiconductor software for developing the Rhea microprocessor family, aimed at powering Europe’s exascale supercomputing initiative. This collaboration focuses on achieving stringent low-power and high-performance goals while minimizing power consumption and enhancing operational reliability. Rhea is expected to perform at 1 quintillion calculations per second, asserting Europe’s leadership in critical semiconductor technology.
ANSYS, Inc. (NASDAQ: ANSS) reported Q4 2021 revenue of $655.7 million, a 5% increase YoY, and a FY 2021 revenue of $1,906.7 million, growing 13%. Q4 diluted EPS stood at $2.30 GAAP and $2.81 non-GAAP. The company achieved an annual contract value (ACV) of $755.4 million in Q4 and $1,870.7 million for FY 2021, marking 16% growth. Management expects Q1 2022 revenue guidance of $391.6 million to $416.6 million, with ACV growth projected at 2.7% - 9.0%. Operating cash flows for FY 2022 are anticipated between $580 million and $620 million.
Porsche Motorsport's 99X Electric Formula E race car, powered by Ansys solutions, achieved a historic one-two victory at the Mexico City E-Prix, marking a significant achievement in electric vehicle racing. The TAG Heuer Porsche Formula E Team, with driver Pascal Wehrlein finishing first and teammate André Lotterer second, showcased enhanced energy management and a customized powertrain designed with Ansys technology. This win underscores the potential of e-mobility and the importance of simulation solutions in optimizing performance and efficiency.
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