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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.
On January 26, 2021, Ansys launched 2021 R1, enhancing simulation capabilities for engineers. Key features include improved sensor simulation for AVs and high-performance computing advancements. This release focuses on collaboration and efficiency, enabling engineers to tackle complex design challenges without tech limitations. New tools for battery design and EV components support innovation in autonomous and electric vehicle development. Ansys aims to reshape engineering workflows, making cutting-edge technology accessible for all companies.
ANSYS, Inc. (NASDAQ: ANSS) will announce its fourth quarter and FY 2020 earnings on February 24, 2021, after market close. A conference call is scheduled for 8:30 a.m. Eastern Time on February 25, 2021, with leadership discussing results and future outlook. Participants are encouraged to pre-register for the call or dial in on the day. The earnings release, prepared remarks, and investor presentation will be available on Ansys' corporate website.
Ansys launched HFSS Mesh Fusion, enabling engineers to mesh and solve complex electromagnetic systems efficiently. This new technology reduces development costs and accelerates product innovation. Available in Ansys HFSS 2021 R1, it allows integrated analysis of components like ICs and antennas, enhancing design capabilities for sophisticated applications including 5G and autonomous vehicles. Industry leaders, such as Samsung, praise its ability to create optimal designs and decrease production cycles.
On January 11, 2021, Navantia and Ansys announced a strategic agreement to enhance the development of next-generation navy vessels like the F-110 frigates and S-80 submarines. This collaboration aims to reduce design time and improve performance through Ansys' simulation solutions incorporated into Navantia's Shipyard 4.0 Integrated Business Management System. The partnership emphasizes operational efficiency, with Ansys' technology enabling physics-based digital twins and automating engineering workflows, ultimately driving innovation in naval engineering.
Ansys has announced the winners of its inaugural Art of Simulation competition, celebrating the company's 50th anniversary. The competition aimed to highlight innovative engineering solutions using Ansys' simulation software. Over 200 submissions were received, with more than 3,600 public votes across six categories: healthcare, structures, fluids, 3D design, electromagnetics, and multiphysics. Winning entries showcased projects such as kidney dialysis simulations and aircraft radar systems. Ansys emphasized the artistic aspect of engineering through visual representation of complex simulations.
Ansys (NASDAQ: ANSS) has partnered with XRby to advance the development of limited-edition luxury wristwatches using Ansys' SPEOS optical design simulation software. This collaboration aims to enhance the design efficiency and reduce production costs by eliminating the need for physical prototypes. XRby is creating high-end, customized watches that utilize expensive materials, affirming their commitment to sustainability and rapid innovation. The SPEOS software allows for real-world lighting simulations, drastically improving design decision-making and reducing development time.
Ansys has appointed Nicole Anasenes as Chief Financial Officer, set to transition from her current role as a board member on March 1, 2021. Anasenes brings extensive experience from her time at Squarespace, Infor, and IBM. Meanwhile, current CFO Maria Shields will take on the role of Senior Vice President of Administration. This leadership shift is aimed at enhancing Ansys's strategic direction and operational efficiency. CEO Ajei Gopal expressed confidence in Anasenes's ability to drive growth and innovation at the company.
Ansys has been included in FORTUNE's 2020 Future 50 list, recognizing its strong long-term growth potential. The selection process involved an analysis of over 1,000 publicly traded companies by FORTUNE and Boston Consulting Group. Ansys stands out for its clear strategy, commitment to sustainability, and robust investment in research and development. With a market value of $27 billion and 40% market share in engineering simulation, Ansys generated $1.5 billion in revenue in 2019. This accolade highlights Ansys's role in aiding innovation and enhancing product development.
LG Electronics is enhancing its engineering training through Ansys Learning Hub, an on-demand virtual learning portal. This collaboration aims to expedite product design and innovation by enabling engineers to master simulation software remotely during the COVID-19 pandemic. The hub offers 260 training courses, over 1,000 self-paced workshops, and 300 hours of lecture videos, facilitating continuous learning and skill development. According to LGE, this initiative marks a significant evolution in their product development processes, improving the speed and quality of their electronic consumer products.
ANSYS announced that executives will present virtually at two upcoming investor conferences. Maria Shields, CFO, will discuss at the RBC Capital Markets Technology Conference on November 18, 2020, at 1:20 p.m. ET. Ajei Gopal, President & CEO, will present at the Nasdaq 43rd Investor Conference on December 2, 2020, at 8:30 a.m. ET. A live audio webcast and archived presentations will be available on the company's website. Forward-looking statements regarding financial results and product development may be made during these events.
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