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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 (NASDAQ: ANSS) has announced the launch of Ansys Access on Microsoft Azure, available from May 30, 2024. This collaboration enables customers to deploy pre-configured Ansys applications for high-performance computing (HPC) on the Azure platform. Customers can use their Azure subscriptions with existing Ansys licenses, providing a scalable, secure, and cost-effective solution for running simulations in the cloud. The new solution addresses challenges like on-premises workload validation and VM configuration, offering pre-tested applications and a user-friendly setup. This partnership aims to reduce deployment costs, enhance productivity, and accelerate product innovation across industries such as automotive and semiconductors.
Ansys (NASDAQ: ANSS) announced that its stockholders approved the proposed acquisition by Synopsys (NASDAQ: SNPS) in a special meeting held on May 22, 2024. The merger agreement stipulates that Ansys stockholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock per Ansys share, valuing the deal at approximately $35 billion based on Synopsys' closing price as of December 21, 2023. Approximately 98.7% of the shares voted were in favor, representing 83.8% of Ansys' total outstanding shares. The transaction is expected to close in the first half of 2025, pending regulatory approvals and other conditions.
Ansys and Schrödinger are collaborating to accelerate materials discovery and optimize product development through an integrated computational materials engineering (ICME) approach. This collaboration will empower Ansys customers to make critical decisions earlier in the design process, leading to more optimized materials, components, and manufacturing workflows.
ANSYS, Inc. reported Q1 2024 revenue of $466.6 million, down 8% from Q1 2023. GAAP diluted EPS was $0.40, non-GAAP EPS was $1.39. ACV was $407.4 million. Deferred revenue and backlog stood at $1,369.5 million. The company expects double-digit growth in ACV and revenue for FY 2024. An agreement with Synopsys, Inc. for acquisition is pending.
Ansys has announced the certification of its power integrity platforms for TSMC's latest silicon technologies, enabling faster, lower power designs. The certification covers Ansys RedHawk-SC and Ansys Totem for N2 technology and Ansys RaptorX for N5 technology. Ansys has also collaborated with TSMC on an AI-enabled analysis optimization flow. This partnership aims to empower customers with advanced multiphysics simulations and analyses for designing innovative chips.
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