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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, Inc. (ANSS) reported strong Q2 2020 results with GAAP revenue of $385.7 million and GAAP diluted EPS of $1.11. The company achieved a 5% revenue growth year-over-year, aided by a significant increase in operating cash flows to $131.6 million. ANSYS has increased its Q3 and FY 2020 guidance, projecting GAAP revenue between $1.558 billion and $1.634 billion and diluted EPS of $4.01 to $4.70. The backlog reached $846.5 million, showing an 18% increase compared to Q2 2019.
Ansys has launched free online Ansys Innovation Courses to transform how engineering students learn physics principles. This initiative, part of the Ansys Academic Program, integrates real-world case studies with high-fidelity simulations to reinforce physics theory. The courses are designed for undergraduates and early-career engineers and feature instructional materials from academic partners like Cornell University and the University of North Carolina at Charlotte. By combining traditional education with advanced simulations, Ansys aims to enhance online learning amid the shift to remote education during COVID-19.
On July 16, 2020, Ansys announced the launch of Ansys Discovery, a next-generation product design software aimed at enhancing engineering productivity and innovation. This tool integrates instant physics simulations, high-fidelity simulations, and interactive geometry modeling into a single application. The upcoming virtual launch event scheduled for July 29, 2020, at 11 a.m. EDT, will showcase its capabilities. Ansys Discovery promises improved design efficiency and shorter development cycles, enabling engineers to explore design options swiftly and effectively.
On July 15, 2020, Ansys launched the Ansys 2020 R2 software, enhancing simulation capabilities vital for remote engineering teams. Key improvements include upgraded HPC resources that reduce costs and accelerate production. The new platform allows for faster simulations, significantly boosting productivity. In the automotive sector, innovations such as a complete NCAP scenario kit for AV function development aim to cut physical testing costs by up to 50%. Ansys continues to support advances in 5G and automotive electrification, fostering innovative design across industries.
ANSYS (NASDAQ: ANSS) plans to release its Q2 2020 earnings on August 5, 2020, after market close. A conference call will be held on August 6, 2020, at 8:30 a.m. ET, featuring Ajei Gopal, CEO, and Maria T. Shields, CFO, to discuss the earnings results. The call details will be available on the company’s investor relations website. Participants can pre-register for the call to receive a unique PIN for immediate access.
Ansys (NASDAQ: ANSS) is supporting the Indy Autonomous Challenge (IAC), a $1.5 million competition for university students to develop autonomous vehicle software using Ansys Autonomy simulation tools. The event will culminate in the world's first autonomous race at the Indianapolis Motor Speedway on October 23, 2021, featuring modified Dallara IL-15 racecars. Ansys is providing free access to its software, aiming to foster skills in automated driving systems while promoting the commercialization of fully autonomous vehicles and advanced driver-assistance systems (ADAS).
Over 54,000 participants from more than 160 countries registered for Ansys' Simulation World, a digital event dedicated to engineering simulation held on June 15, 2020. The event featured nearly 300 sessions with insights from 200 speakers, covering topics such as digital transformation and the Industrial Internet of Things. Major sponsors included Microsoft and Autodesk. Attendees engaged in networking opportunities and discussions on engineering challenges while accessing content on-demand. Ansys aims to leverage its simulation capabilities to enhance product development across various industries.
ANSYS, Inc. reported Q1 2020 revenue of $305.0 million and non-GAAP revenue of $308.9 million, reflecting a 4% and 3% decrease year-over-year, respectively. GAAP diluted EPS was $0.53, down 48% from last year, while non-GAAP diluted EPS was $0.83, a 36% decline. The company completed the acquisition of Lumerical Inc. for $107.5 million. ANSYS has provided guidance for Q2 2020, estimating revenue between $330.9 million and $370.9 million and a diluted EPS range of $0.55 to $0.92. Despite challenges from COVID-19, cash flow remains strong at $718 million.
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