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Ansys Inc - ANSS STOCK NEWS

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.

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ANSYS (NASDAQ: ANSS) announced that CEO Ajei Gopal will join a moderated discussion at the 45th Nasdaq Investor Conference on December 2, 2021, at 9:00 a.m. ET. A live webcast will be available for attendees, along with an archive post-event. The discussion may cover forward-looking statements about ANSYS's financial results and product development, with an acknowledgment of potential discrepancies in actual outcomes. Founded in 1970, ANSYS leads in engineering simulation, helping innovative companies create advanced products.

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Realtek has implemented Ansys’ RaptorH to enhance the design of complex radio frequency integrated circuits (RFIC). This advanced electromagnetic simulation workflow enables Realtek to tackle RFIC challenges more efficiently, boosting simulation speed by 3x to 10x while reducing silicon usage and EM crosstalk. The integration of RaptorH allows for more accurate EM modeling, helping Realtek to create high-performance chips for Internet of Things applications. This strategic collaboration is expected to improve product quality and reliability, exemplifying Ansys' leadership in engineering simulation.

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Ansys has received certification for its multiphysics solutions, Redhawk-SC and Totem, from Samsung Foundry for their advanced 3nm and 4nm process technologies. This certification will enhance design flow for customers involved in complex chip designs, meeting essential power and reliability standards for applications like AI, HPC, and 5G. Redhawk-SC’s capabilities include power integrity analysis and statistical EM budgeting, while Totem focuses on transistor-level design accuracy. Ansys and Samsung are committed to advancing silicon technology solutions.

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Ansys' AGI has been awarded the 2021 President's "E" Award for Exports, recognizing its significant contribution to the expansion of U.S. exports. This prestigious award is given to entities demonstrating sustained commitment to export growth, with AGI noted for its innovative product design and effective use of U.S. government advocacy services. The award ceremony honored 70 U.S. companies, highlighting their roles in enhancing the U.S. economy through exporting.

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On November 5, 2021, Ansys announced its collaboration with Panasonic Automotive, enabling the latter to achieve ISO 26262 ASIL-D process certification, a vital functional safety standard. The partnership established a systematic, model-based approach to streamline functional safety analysis in next-generation eCockpit development. This method utilizes Ansys® medini analyze, reducing development time and costs by integrating safety certification early in the design process. The collaboration aims to enhance the safety and performance of future automotive systems.

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ANSYS, Inc. (ANSS) reported strong Q3 2021 results with GAAP revenue of $441.2 million, a 20% increase from Q3 2020. Non-GAAP revenue reached $445.4 million, marking a 21% rise. Diluted EPS was $0.97 on a GAAP basis and $1.59 non-GAAP, reflecting respective growths of 11% and 17%. The company raised its FY 2021 guidance for revenue to between $1.860 billion and $1.900 billion, attributing growth to a robust sales pipeline and recent acquisition of Zemax, which is anticipated to positively impact future results.

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Ansys collaborates with Oculii to enhance automotive radar systems using AI. Their technology increases radar resolution up to 100X while reducing costs and complexity. Oculii's AI software, powered by Ansys HFSS, accelerates design cycles and improves predictive accuracy (80-90%). The global automotive radar market is projected to reach $12.5 billion by 2026, driven by self-driving technology demand. This partnership aims to address engineering challenges in autonomous vehicles, ensuring safety and advanced driver assistance systems.

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Seagate Technology has expanded its partnership with Ansys through a new three-year agreement, enhancing its use of Ansys' multiphysics simulation software for product innovation. This collaboration aims to improve data storage solutions' fidelity and speed, reducing late-stage redesigns and associated costs. Seagate is applying these tools in the development of its advanced Heat-Assisted Magnetic Recording technology, which promises significant increases in data bit density, leading to higher capacity drives. This strategic expansion reaffirms the effectiveness of simulation in modern engineering.

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Ansys and TSMC have collaborated to provide a sophisticated thermal analysis solution for multi-die designs utilizing TSMC's 3DFabric technologies. This solution includes the use of Ansys RedHawk-SC for power integrity signoff and Icepak for thermal analysis, which are critical for preventing overheating in electronic systems. The collaboration aims to enhance the reliability of complex chip-and-package systems. A paper detailing this solution was presented at the TSMC 2021 Open Innovation Platform Ecosystem Forum.

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Ansys has appointed Anil Chakravarthy to its Board of Directors, effective October 26, 2021. Chakravarthy, with extensive experience in digital transformation, SaaS, and cloud technologies, previously served as an executive at Adobe, CEO of Informatica, and held roles at Symantec and VeriSign. His appointment is viewed positively as he brings valuable insights for accelerating growth and innovation at Ansys, a leader in engineering simulation. His expertise in transforming businesses aligns with Ansys's vision of improving product delivery.

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FAQ

What is the current stock price of Ansys (ANSS)?

The current stock price of Ansys (ANSS) is $340.16 as of December 26, 2024.

What is the market cap of Ansys (ANSS)?

The market cap of Ansys (ANSS) is approximately 29.7B.

What does Ansys Inc. specialize in?

Ansys specializes in engineering simulation software, including finite element analysis, computational fluid dynamics, electronics, electromagnetics, and design optimization.

How many employees does Ansys have?

Ansys employs over 4,000 professionals, including a significant number of master’s and Ph.D.-level engineers.

Who are the primary customers of Ansys?

Ansys serves over 50,000 customers globally, including industries such as aerospace, defense, automotive, and semiconductors.

What recent partnerships has Ansys announced?

Ansys has recently formed partnerships with SynMatrix to improve RF filter design workflows and with BAE Systems to advance digital engineering for the U.S. Department of Defense.

What is AnsysGPT?

AnsysGPT is an AI-powered virtual assistant that provides rapid, 24/7 customer support by leveraging ChatGPT technology and Ansys’ knowledge base.

What were Ansys' financial results for Q1 2024?

Ansys reported first-quarter 2024 revenue of $466.6 million with a GAAP diluted earnings per share of $0.40.

What is the significance of Ansys' acquisition by Synopsys?

The acquisition, expected to close in the first half of 2025, aims to create a leader in silicon-to-systems design solutions by combining Synopsys' and Ansys' expertise.

How does Ansys contribute to innovation?

Ansys reinvests 15% of its revenues annually into R&D and partners with leading organizations to advance simulation technologies and digital engineering.

What is the Ansys Academic Program?

The Ansys Academic Program provides software access to students and educators to support engineering education and research.

Where can I find more information about Ansys' financials and latest news?

You can visit the investor section of the Ansys website or major financial news websites for the latest updates and detailed financial reports.

Ansys Inc

Nasdaq:ANSS

ANSS Rankings

ANSS Stock Data

29.73B
87.10M
0.41%
96.43%
1.26%
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