STOCK TITAN

Ansys Inc - ANSS STOCK NEWS

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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
Tags
none
-
Rhea-AI Summary

Ansys received the Customers' Choice Award at the TSMC 2020 Open Innovation Platform Ecosystem Forum for its technical paper on 5G RF device analysis using Ansys Totem technology. The award reflects the efficacy of Totem in addressing electromigration and self-heating challenges in high-speed RF designs. Presented by TSMC, the paper demonstrated a validated electromigration flow on TSMC's 16nm process technology, emphasizing Ansys' role in supporting innovative silicon design solutions. This accolade marks Ansys' second win in three years, highlighting its continued collaboration with TSMC.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
none
-
Rhea-AI Summary

Zoltan Cendes, former Chief Technology Officer at Ansys, has been elected to the National Academy of Engineering (NAE) for his vital contributions to electromagnetics simulation software, including the development of Ansys HFSS. This honor recognizes his role in advancing engineering technology and innovation. Cendes' career highlights include founding Ansoft and his pivotal work on finite element modeling techniques and algorithms that transformed high-frequency electronic design. He will be inducted into the NAE on October 3, 2021, alongside 127 other new members.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
Tags
none
Rhea-AI Summary

Ansys (NASDAQ: ANSS) announced the appointment of Kelsey DeBriyn as the new head of investor relations and government affairs, effective March 17, 2021. DeBriyn, who has 15 years of experience in investment banking and equity research, will enhance stakeholder engagement and provide insights into Ansys' strategy and financial outlook. She previously worked at Raytheon Technologies and BlackRock. Annette Arribas, the former senior director of investor relations, is leaving for other opportunities. The move aims to support Ansys' growth initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
Tags
none

FAQ

What is the current stock price of Ansys (ANSS)?

The current stock price of Ansys (ANSS) is $342.84 as of December 24, 2024.

What is the market cap of Ansys (ANSS)?

The market cap of Ansys (ANSS) is approximately 30.0B.

What does Ansys Inc. specialize in?

Ansys specializes in engineering simulation software, including finite element analysis, computational fluid dynamics, electronics, electromagnetics, and design optimization.

How many employees does Ansys have?

Ansys employs over 4,000 professionals, including a significant number of master’s and Ph.D.-level engineers.

Who are the primary customers of Ansys?

Ansys serves over 50,000 customers globally, including industries such as aerospace, defense, automotive, and semiconductors.

What recent partnerships has Ansys announced?

Ansys has recently formed partnerships with SynMatrix to improve RF filter design workflows and with BAE Systems to advance digital engineering for the U.S. Department of Defense.

What is AnsysGPT?

AnsysGPT is an AI-powered virtual assistant that provides rapid, 24/7 customer support by leveraging ChatGPT technology and Ansys’ knowledge base.

What were Ansys' financial results for Q1 2024?

Ansys reported first-quarter 2024 revenue of $466.6 million with a GAAP diluted earnings per share of $0.40.

What is the significance of Ansys' acquisition by Synopsys?

The acquisition, expected to close in the first half of 2025, aims to create a leader in silicon-to-systems design solutions by combining Synopsys' and Ansys' expertise.

How does Ansys contribute to innovation?

Ansys reinvests 15% of its revenues annually into R&D and partners with leading organizations to advance simulation technologies and digital engineering.

What is the Ansys Academic Program?

The Ansys Academic Program provides software access to students and educators to support engineering education and research.

Where can I find more information about Ansys' financials and latest news?

You can visit the investor section of the Ansys website or major financial news websites for the latest updates and detailed financial reports.

Ansys Inc

Nasdaq:ANSS

ANSS Rankings

ANSS Stock Data

29.98B
87.10M
0.41%
96.42%
1.52%
Software - Application
Services-prepackaged Software
Link
United States of America
CANONSBURG