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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.
Wistron Corporation has adopted Ansys software to enhance its 5G cell phone antenna applications, automating analysis and significantly reducing design cycles. The Ansys HFSS software provides high-fidelity results for antenna performance verification, leading to cost and time savings. Traditional testing methods can be lengthy, making Ansys's simulation solutions essential for optimizing antenna performance and ensuring compliance with FCC standards. Wistron anticipates further collaboration with Ansys to improve its manufacturing processes in the growing 5G market.
ANSYS, Inc. (NASDAQ: ANSS) will release its fourth quarter and FY 2021 earnings on February 23, 2022, after market close. Following this, a conference call led by CEO Ajei Gopal and CFO Nicole Anasenes is scheduled for February 24, 2022, at 8:30 a.m. ET. Participants can pre-register for the call to receive a unique PIN for immediate access. The call will be accessible via a live audio webcast, available on the corporate website, along with the earnings press release.
On January 5, 2022, Ansys (NASDAQ: ANSS) announced its collaboration with EasyMile to enhance the safety of their autonomous vehicles using Ansys software. This partnership aims to streamline the development process by meeting customer and regulatory demands through functional safety analysis. EasyMile's driverless shuttles and tow tractors operate at Level 4 autonomy and utilize Ansys' medini analyze for comprehensive safety assessments. The software enables a unified approach to managing complex vehicle systems, thus reducing development time and operational costs while ensuring compliance with safety standards.
Ansys (ANSS) announced a collaboration with Innoviz Technologies to streamline the development of advanced LiDAR systems for autonomous vehicles. Using Ansys' simulation tools, Innoviz cut product development time by two design cycles and significantly reduced costs, enhancing the reliability and affordability of its automotive-grade LiDAR sensor. The partnership aims to address performance challenges in the sensor market, crucial for achieving higher safety standards in autonomous driving.
Ansys has announced its participation at CES 2022 in Las Vegas, showcasing innovative simulation solutions that drive sustainable mobility. Key highlights include collaborations with industry leaders like EasyMile and NXP Semiconductors, focusing on electric vehicles, autonomous systems, and advanced safety technologies. Ansys aims to demonstrate how these solutions can accelerate market readiness while ensuring safety compliance. During the event, Ansys will also host discussions on the future of simulation technology in transportation.
Ansys has partnered with Synhelion to develop solar fuels, aiming to reduce CO2 emissions and replace fossil fuels. Utilizing Ansys' advanced simulation tools, Synhelion plans to build the world's first industrial-scale solar fuel plant in 2022. The company raised 16 million Swiss francs (approximately $17.5 million) for this initiative. Ansys' technology enables efficient design and production processes, enhancing the sustainability of transportation and industrial applications, including cleaner cement production through solar heat.
Ansys congratulates Red Bull Racing Honda and Max Verstappen on winning the Formula One Drivers' World Championship title for the 2021 season. Their partnership, which began in 2008, has focused on leveraging Ansys' advanced simulation solutions, including Computational Fluid Dynamics, materials data management, and virtual testing. Ansys emphasizes that their technology enhances Red Bull Racing's design processes, allowing for faster iterations and competitive advantage. This collaboration is pivotal for performance in high-stakes racing environments.
Ansys (NASDAQ: ANSS) collaborates with SPEC Innovations to develop a digital twin of a lunar rover aimed at improving Moon excavation efforts in response to NASA's Break the Ice Lunar Challenge. By utilizing Ansys simulation solutions and the cloud-based tool Innoslate, SPEC Innovations significantly reduces design time and costs. The initiative aims to support the establishment of a human presence on the Moon by 2030. Notably, Ansys SpaceClaim technology allowed for a 1,000% reduction in costs and time for modifications.
Ansys has received two 2021 OIP Partner of the Year awards from TSMC for Joint Development of 4nm Design Infrastructure and 3DFabric™ Design Solution. These recognitions underscore Ansys' significant contributions to TSMC's advanced technologies, including power integrity and thermal solutions critical for semiconductor manufacturing. The awards were announced at the TSMC 2021 OIP Ecosystem Forum, emphasizing Ansys' collaborative efforts in innovation across HPC, mobile, automotive, and IoT sectors. The partnership enhances Ansys' capabilities in addressing complex design challenges in the semiconductor industry.
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