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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.
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.
Ansys (NASDAQ: ANSS) has established the Prithviraj and Swati Banerjee Chair Professorship at IIT Kharagpur, aimed at enhancing research in electronics and communication engineering. This endowment will provide students with access to Ansys simulation solutions, promoting industrial collaboration and addressing the skills gap in engineering. Prith Banerjee, Ansys CTO and IIT Kharagpur alumnus, emphasized the importance of preparing students for technology challenges through this initiative. This effort aligns with IIT Kharagpur's vision to become a top ten global university by 2030.
On July 20, 2021, Ansys (NASDAQ: ANSS) announced the launch of Ansys 2021 R2, enhancing engineering simulation tools to optimize product development across industries. Key features include accelerated simulation speed, with optical meshing up to 20X faster and multistage structural analysis reducing run times by up to 50X. The release also emphasizes data visibility and compliance, enabling engineers to integrate multiple workflows efficiently. Ansys 2021 R2 aims to transform product design through advanced simulation capabilities, fostering innovation in various sectors, including aerospace and electronics.
Ansys has introduced its Power Library (APL) semiconductor simulation solution tailored for the Arm Neoverse architecture, enhancing support for Amazon Web Services (AWS) Graviton2 processors. This partnership enables more efficient design processes and reduces costs for engineering teams by offering access to advanced simulation tools on the cloud. The APL will help customers optimize chip performance while benefiting from AWS's pricing advantages. Graviton2 provides up to 40% better price performance compared to similar current generation instances, which is crucial for budget-sensitive cloud computing.
ANSYS announced its second quarter earnings release date as August 4, 2021, after market close. A conference call will follow on August 5, 2021, at 8:30 a.m. ET, led by CEO Ajei Gopal and CFO Nicole Anasenes. Investors can pre-register for immediate access. The earnings call will cover Q2 results and future outlook, with a replay available shortly after the call. The company's commitment to engineering simulation remains strong, supporting innovation across various industries.
Ansys has launched a free Electronics Desktop product for students, designed to lower barriers to electronics simulation software. This initiative empowers students to develop skills in electronics design, aligning with industry demand for simulation-trained engineers. The software is part of Ansys' Academic Program, which supports over 2,750 universities globally, providing various simulation software and educational resources. The release aims to enhance students' competitive edge and support self-paced learning, reflecting Ansys' commitment to fostering innovation and skills development.
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