Welcome to our dedicated page for Ansys news (Ticker: ANSS), a resource for investors and traders seeking the latest updates and insights on Ansys stock.
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 (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.
Ansys announced the achievement of two million downloads of its free student software, part of its Academic Program designed to bridge the engineering skills gap. This program provides universities with discounted software and free learning resources, enabling students to gain essential engineering skills. Key highlights include support from academic leaders and the availability of over 200 free Ansys Innovation Courses. The initiative aims to equip students for successful careers in engineering, with endorsements from institutions like UConn and UMass, highlighting the importance of simulation skills in the job market.
Ansys has partnered with Intel Foundry Services (IFS) as an inaugural member of the IFS Accelerator – EDA Alliance. This collaboration aims to enhance semiconductor technology by delivering bespoke silicon for customizable 3D integrated circuit designs. Ansys' advanced EDA tools and multiphysics simulation solutions will help reduce design barriers and accelerate time-to-market for mutual customers. The initiative represents a significant step for Intel's foundry ambitions and seeks to foster innovation in the semiconductor industry.
Ansys has announced a strategic collaboration with Amazon Web Services (AWS), naming it the preferred cloud service provider for Ansys Gateway powered by AWS. This partnership aims to enhance high-performance computing (HPC) for engineering simulations, making deployment easier and more scalable. Customers will benefit from reduced costs and quicker innovation by accessing Ansys products through the AWS Marketplace. The collaboration allows for location-independent solutions, enabling users to manage engineering simulations efficiently while maintaining data security.
Ansys (NASDAQ: ANSS) announced the release of its new product suite, Ansys 2022 R1, aimed at addressing complex engineering challenges across various industries. Key highlights include enhanced workflow automation, industry-specific solutions for aerospace and automotive sectors, and advanced simulation tools, such as Phi Plus meshing technology and Ansys Forming, which optimize design processes. The suite also supports high-performance computing, improving simulation efficiency significantly. This release is expected to bolster collaboration across teams and accelerate digital transformation initiatives for clients like Schneider Electric and BMW.
Ansys, the official simulation software partner of Air Race E, celebrated the successful first flight of an all-electric racing plane designed using Ansys multiphysics simulation solutions. This achievement represents a significant milestone in the aviation industry, showcasing advancements in electric propulsion technology. The Nordic Air Racing Team utilized Ansys to optimize their aircraft's aerodynamics, cooling systems, and battery performance, reducing project lead time by 40%. Air Race E aims to accelerate electric aviation development, crucial for reducing carbon emissions in air travel.
FAQ
What is the current stock price of Ansys (ANSS)?
What is the market cap of Ansys (ANSS)?
What does Ansys Inc. specialize in?
How many employees does Ansys have?
Who are the primary customers of Ansys?
What recent partnerships has Ansys announced?
What is AnsysGPT?
What were Ansys' financial results for Q1 2024?
What is the significance of Ansys' acquisition by Synopsys?
How does Ansys contribute to innovation?
What is the Ansys Academic Program?
Where can I find more information about Ansys' financials and latest news?
