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 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.
Ansys has announced its definitive agreement to acquire Zemax, a leader in optical imaging system simulation. This acquisition will enhance Ansys' portfolio by providing comprehensive solutions for simulating advanced optical and photonics products. The deal is expected to close in Q4 2021, pending regulatory approval. Zemax, with over 30 years of experience, specializes in precision optical ray tracing and lens design, vital for industries such as healthcare and autonomous vehicles. The acquisition aims to streamline product development and expand Ansys’ customer reach.
On August 12, 2021, Ansys and IPG Automotive announced a strategic partnership to enhance the development of advanced driver-assistance systems (ADAS) and autonomous vehicles (AVs). This collaboration combines Ansys' high-fidelity physics simulation with IPG's CarMaker, aiming to streamline the verification and validation process of AV technology. By utilizing simulation, the partnership helps automotive OEMs reduce the time and cost associated with physical road testing, significantly improving safety measures for AVs and ADAS.
ANSYS reported Q2 2021 GAAP revenue of $446.7 million, a 16% increase from Q2 2020. Non-GAAP earnings per share rose to $1.85, up 19% year-over-year. The company achieved an annual contract value (ACV) of $430.5 million, marking a 25% growth. Operating cash flows were $118.9 million, though down 10% compared to the previous year. ANSYS raised its full-year guidance for revenue and EPS due to strong business momentum despite ongoing COVID-19 impacts. The Q3 revenue forecast ranges from $395.8 million to $420.8 million.
Ansys employees Sujata Bandyopadhyay, Terri Washington, Vidyu Challa, Eunhee Kim, and Lakshana Mohee have been honored with awards at the Women of Color STEM Conference for their contributions in science, technology, engineering, and mathematics (STEM). These awards recognize outstanding achievements while emphasizing the ongoing challenges women face in these fields. Ansys, committed to diversity and inclusion, has a significant representation of women in leadership and offers robust support for women's career advancement. The company encourages an inclusive workplace culture.
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