Ansys Inc - ANSS STOCK NEWS

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.

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.