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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 secured a multi-year agreement with the ITER Organization to provide simulation solutions for the design and performance optimization of the world's largest nuclear fusion plant. This collaboration, involving engineers from 35 countries, aims to enhance electromagnetic (EM) structure design, reduce project risks, and adhere to stringent safety standards. Key benefits include minimizing physical prototyping needs and ensuring compliance with critical safety requirements, essential for achieving sustainable nuclear fusion.
Ansys recently conducted the Ansys Indy Autonomous Challenge Simulation Race, featuring 17 university teams. The event served as a vital milestone in the competition, allowing teams to test their autonomous vehicle controllers in a digital environment. PoliMOVE won the race, earning $100,000, while TUM Autonomous Motorsport secured the runner-up position, receiving $50,000. A total of $1.3 million in prizes remains for the upcoming IAC race scheduled for October 23, 2021. The simulation is critical for teams to develop and refine their systems before competing in real-world scenarios.
Ansys (NASDAQ: ANSS) achieved certification of its multiphysics signoff solutions, Redhawk-SC and Totem, for TSMC's N3 and N4 process technologies. This certification enhances the ability of joint customers to meet stringent power, thermal, and reliability standards for advanced chips used in AI, 5G, HPC, networking, and autonomous vehicles. Redhawk-SC utilizes big-data analytics and elastic compute for analyzing extensive 3nm network designs while ensuring predictive accuracy verified by TSMC. This partnership aims to address critical challenges in power and performance for next-generation silicon designs.
ANSYS, Inc. (NASDAQ: ANSS) announced that CEO Ajei Gopal will partake in a virtual discussion at the Baird 2021 Global Consumer, Technology & Services Conference on June 10, 2021, at 9:40 a.m. ET. A live webcast and presentation materials will be available, including a cautionary statement regarding forward-looking and non-GAAP financial information. Founded in 1970 and based in Pittsburgh, ANSYS is a leader in engineering simulation, helping innovative companies tackle complex design challenges. More details can be accessed on their official website.
Ansys has partnered with Cornell University to enhance engineering education through online simulation courses. This collaboration addresses the growing demand for remote learning and provides students with valuable skills in using Ansys simulation software. Over 50 new courses will be developed and hosted on the Ansys Innovation Courses platform, complementing existing tutorials from Cornell's SimCafe. The courses aim to prepare engineering graduates for the complexities of the industry, equipping them with essential simulation skills that are increasingly essential in modern engineering roles.
Ansys has announced the acquisition of Phoenix Integration, a leader in software for model-based engineering (MBE) and model-based systems engineering (MBSE). This acquisition aims to enhance Ansys' solution offerings, facilitating the integration of various engineering tools for optimized product design. The strategic move follows Ansys' previous acquisitions of Dynardo and Analytical Graphics. Financially, the deal is not expected to significantly impact Ansys' consolidated financial statements in 2021. Phoenix Integration's software is widely used in aerospace and defense sectors, enhancing product development efficiency.
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.
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