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 and Electro Magnetic Applications, Inc. have launched EMA3D Charge, a new simulation solution for predicting charging and discharging events in electronic components. This solution aims to enhance safety and design efficiency across industries such as aerospace, electronics, and automotive by allowing engineers to identify risks early in the design process. The intuitive interface and end-to-end workflow of EMA3D Charge could reduce late-phase redesign costs, thereby saving companies potentially millions of dollars.
On October 20, 2021, Ansys (NASDAQ: ANSS) announced a collaboration with Ford to advance predictive smart headlight technology. The partnership utilizes Ansys' AVxcelerate Headlamp solution to enhance headlight performance through virtual simulations, significantly reducing costs and time associated with physical testing. The new system uses real-time data to improve visibility and safety during night driving, enabling Ford to optimize designs before creating physical prototypes. This innovation represents a significant step in automotive safety, leveraging simulation technology to reduce accidents.
Ansys has announced that its LS-DYNA software is the first commercial CAE structural simulation solution to support Fujitsu's Arm-based PRIMEHPC supercomputers. This collaboration aims to lower computing costs and enhance sustainability by reducing energy consumption during simulations. Early tests indicate the single precision version of LS-DYNA runs over 2X faster on the PRIMEHPC FX1000 than on its predecessor. Ansys is set to release a double precision version in 2022, further expanding its HPC offerings for energy-efficient product development.
ANSYS (NASDAQ: ANSS) will release its third quarter earnings on November 3, 2021, after market close. A conference call led by CEO Ajei Gopal and CFO Nicole Anasenes will follow on November 4, 2021, at 8:30 a.m. ET to discuss the results and future outlook. Participants can pre-register for the call or join directly on the event day. The call will also be recorded and available for replay shortly after.
As a leader in engineering simulation, ANSYS aids companies in overcoming complex design challenges and enhancing product development.
Ansys (NASDAQ: ANSS) announced the upcoming launch of its first metal stamping simulation software, Ansys Forming, set for release in January. This all-in-one platform is designed to address various metal stamping needs, empowering engineers with early-stage design configurations and enhanced predictive accuracy using Ansys LS-DYNA as its solver. Ansys Forming allows users to optimize their workflows by eliminating physical testing, improving productivity, and driving cost savings. The software aims to deliver detailed insights into structural weaknesses and increase accessibility for users, streamlining the metal manufacturing process.
Ansys has partnered with Apple to introduce a cloud-based RF safety testing simulation solution for developers of MagSafe modules. This innovative offering aims to streamline the certification process for Specific Absorption Rate (SAR), significantly reducing costs by eliminating the need for physical prototypes and expensive RF safety certification software. The solution enhances efficiency, enabling developers to bring safer and reliable accessories to market more rapidly. Ansys leverages its advanced HFSS electromagnetic solver to provide an intuitive developer experience with automated results and standards-conforming data reports.
Ansys and Autodesk are collaborating to launch the Fusion 360 PCB extension, enhancing electromagnetic analysis for PCB design. This extension aims to improve design efficiency by enabling rapid exploration and validation of PCB designs, reducing costly prototyping. Key benefits include:
- Predictive accuracy in PCB design
- Increased accessibility for engineers
- Early simulation to speed up product development
This partnership strengthens Ansys's role in engineering simulation, providing significant advantages for consumer product designers.
On September 14, 2021, Ansys (NASDAQ: ANSS) announced an expansion of digital twin connectivity with Rockwell Automation's Studio 5000 Simulation Interface. This collaboration enables engineering teams to leverage simulation-based digital twins, enhancing system design, performance, and predictive maintenance. Users can optimize industrial operations through virtual testing, leading to cost savings and improved throughput. The integration supports both emulated and physical controllers, allowing for real-time performance optimization and predictive maintenance insights, reducing unplanned downtime.
Rockwell Automation (NYSE: ROK) and Ansys (NASDAQ: ANSS) have announced an enhanced connection between Rockwell's Studio 5000 Simulation Interface and Ansys's digital twin software, Twin Builder. This integration enables engineers to utilize simulation for designing and optimizing industrial operations. Key benefits include creating virtual equipment designs, virtually commissioning systems, and testing process changes in a simulated environment. This partnership aims to improve efficiency and reduce costs in the industrial automation sector, providing significant insights throughout the equipment lifecycle.
Ansys has entered into a value-added distributor agreement with SB C&S Corp. to enhance its product distribution across Japan. This partnership will allow SB C&S to offer Ansys's robust simulation solutions to small and medium-sized businesses (SMBs), significantly improving access to advanced engineering tools.
The collaboration aims to democratize simulation technology, allowing companies of all sizes to engage in digital transformation initiatives.
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