Ansys Inc - ANSS STOCK NEWS

ANSYS reported strong Q1 2021 results, with GAAP revenue increasing to $363.2 million, a 19% growth year-over-year. Non-GAAP revenue reached $372.1 million, up 20%. Diluted EPS rose to $0.82 (GAAP) and $1.12 (non-GAAP), reflecting a 55% and 35% increase respectively. The company has raised its guidance for Q2 and full-year 2021 in terms of revenue, EPS, and cash flow. The annual contract value (ACV) stood at $319.4 million, with a deferred revenue backlog of $936.5 million.

Ansys has been recognized as a finalist in the Software category and received an honorable mention in the Healthcare category at the Fast Company 2021 World Changing Ideas Awards. This accolade highlights Ansys' innovative work in creating a digital twin of the human heart to improve treatments for heart arrhythmias. The digital twin integrates MRI imaging with electrophysiological simulations, allowing for real-time results in treatment planning. The awards draw attention to impactful ideas designed to tackle global challenges such as health crises and social inequality.

Ansys and AMD are collaborating to enhance engineering simulation performance using 3rd Gen AMD EPYC processors. This partnership aims to significantly improve design cycle times and accelerate new product development across various industries. Internal tests show that the EPYC 75F3 processors can reduce simulation runtimes by up to 50%. The integration of these processors into exascale supercomputers will allow engineers to analyze large datasets more efficiently, leading to better product designs in fields like automotive and aerospace.

Ansys collaborates with Van Oord to enhance the development of offshore wind turbine foundations, significantly expediting their design process. Utilizing Ansys Cloud and Ansys Mechanical software, Van Oord's engineers can perform five times more design iterations and reduce simulation run times from 150 hours to under 24 hours, achieving a sevenfold improvement in efficiency. This partnership aims to accelerate product quality and innovation, addressing sustainability in the offshore wind sector. Van Oord will showcase these advancements at Simulation World 2021 on April 20th and 21st.

ANSYS, Inc. (NASDAQ: ANSS) announced its first quarter earnings release date for May 5, 2021, post-market close. A conference call to discuss the results will be held on May 6, 2021, at 8:30 a.m. Eastern Time, led by CEO Ajei Gopal and CFO Nicole Anasenes. Participants are encouraged to pre-register for immediate access. The earnings press release and call details will be available on the company's investor website. ANSYS is a leader in engineering simulation, helping innovative companies in product development.

H3C Semiconductor has launched the ENGIANT 660, a high-performance network processor chip designed for routing, AI, 5G backhaul, and cybersecurity applications. The development utilized Ansys' advanced multiphysics simulation solutions, enhancing product efficiency and reducing costs. Key features include 56G Serdes and LPDDR5 interfaces, with significant improvements in design signoff and production speed, cutting analysis times by 10x. This collaboration aims to address complex challenges in thermal reliability and power integrity for large-scale chips.

Ansys and Velodyne are collaborating to develop advanced physics-based models for Velodyne's lidar sensors, enhancing safety in autonomous vehicles (AVs). This partnership aims to improve hazard detection and accelerate the integration of lidar technology into AVs, reducing development costs. By utilizing Ansys' VRXPERIENCE platform, automakers can simulate countless driving scenarios, decreasing the need for extensive physical testing. This innovation supports safer driving environments and expedites the market introduction of next-generation AVs, contributing significantly to the autonomous driving landscape.

Ansys and ESSS have announced a collaboration to enhance discrete element modeling (DEM) workflows for industrial applications. Their new tool, Ansys Rocky, allows for the simulation of product performance in various operating scenarios, improving the design processes for products influenced by granular materials. By leveraging multiple GPUs, Ansys Rocky accelerates analysis by 20-90 times, integrating seamlessly with Ansys' flagship solvers like Fluent and Mechanical. This collaboration aims to provide engineers with more reliable products, reducing development time and waste.

Global Unichip Corporation (GUC) is utilizing Ansys HFSS 3D Layout to enhance its Advanced-IC design capabilities, accelerating the development of application-specific integrated circuits (ASICs) for AI, high-performance computing, and data center networking. This innovative simulation workflow drastically reduces simulation set-up times, facilitating a shift from hours to minutes, thereby improving device performance and reducing power consumption. GUC's latest technology, the GLink interface, is noted for its efficiency, consuming 6-10 times less power than alternatives.