Ansys Inc Stock Price, News & Analysis

ANSYS reported Q4 2022 GAAP revenue of $694.1 million and non-GAAP revenue of $694.7 million, reflecting a 6% and 5% growth year-over-year, respectively. The diluted EPS was $2.95 GAAP and $3.09 non-GAAP, showing increases of 28% and 10%, respectively. For FY 2022, GAAP revenue reached $2.065 billion, up 8% from FY 2021. The company achieved annual contract value (ACV) exceeding $2.0 billion. Looking forward, ANSYS expects Q1 2023 revenue guidance of $482.5 million to $507.5 million and FY 2023 revenue of $2.242 billion to $2.322 billion. The outlook reflects continued strong demand despite macroeconomic challenges.

Ansys has announced an extension of its collaboration with Microsoft, enhancing the availability of its simulation solutions through Ansys Access on Microsoft Azure. This new offering aims to provide customers with cost-effective, cloud-based access to advanced engineering tools, improving productivity and collaboration. Key benefits include enhanced high-performance computing (HPC) capabilities, integration with Microsoft 365, and support for applications in various sectors such as electrification and sustainability. This initiative reflects Ansys' commitment to modernizing product design processes and optimizing cloud access for engineers globally.

Ansys 2023 R1 enhances engineering simulation capabilities, enabling faster, more complex product simulations through optimized cloud options and multi-GPU uses. Key features include improved collaborative workflows in model-based systems engineering (MBSE), integration of AI/ML, and advanced performance improvements for high-fidelity simulations. The release includes new tools for managing projects via AWS, enhancing material selection for sustainability, and facilitating optimization in semiconductor design. Ansys aims to support engineers in making swift, informed decisions, significantly reducing development costs, and driving innovation across industries.

ANSYS, Inc. (NASDAQ: ANSS) has announced the release date for its fourth quarter and full-year 2022 earnings, set for February 22, 2023, after market closure. A conference call will follow on February 23, 2023, at 8:30 a.m. Eastern Time, featuring CEO Ajei Gopal and CFO Nicole Anasenes to discuss financial results and future outlook. Participants can pre-register for immediate access to the call or join by dial-in. The earnings press release and call audio will be available on the company’s investor website.

Ansys technology is pivotal for Turntide in advancing zero-emissions electric powertrains for industrial vehicles. Utilizing Ansys simulation tools, Turntide enhances the design of electrification solutions, achieving a 25% reduction in development costs. The focus is on heavy-duty vehicles that face unique sustainability challenges. Ansys simulations ensure product reliability by testing under harsh conditions, providing critical performance data. This collaboration supports global net-zero goals through cleaner commercial transportation.

Ansys has signed a multiyear agreement with Sub-Zero Group to enhance simulation-driven product development. By integrating Ansys simulation solutions in early R&D stages, Sub-Zero aims to optimize designs and improve efficiency while reducing physical prototypes by up to 50% and accelerating development timelines by nearly 20%. This shift to virtual prototyping not only boosts productivity but also enhances sustainability by minimizing material use. The partnership emphasizes the importance of simulation in creating high-quality kitchen appliances.

Praan, Inc., a technology startup, has leveraged Ansys' simulation solutions to develop innovative filterless air purifiers aimed at improving air quality. The new MK One, MK Two, and HIVE models offer low maintenance costs and faster development times—reducing prototyping from 4.5 years to just 45 days. Notably, Praan's air purification technology aims to combat air pollution in large spaces while ensuring net-zero emissions through sustainable practices. The products are showcased at CES 2023, highlighting their commitment to affordable, effective clean air solutions.

Ansys (NASDAQ: ANSS) supports Halodi Robotics in developing humanoid robots through its simulation software, reducing development time significantly. The robots aim to assist in various tasks, including healthcare logistics, thus addressing labor shortages. Halodi's engineers utilized Ansys tools to create high-torque motors that are both powerful and safe, mimicking human muscle behavior. The initiative enhances the interaction between robots and humans in real-world settings, showcasing advancements in robotics technology.

Bianchi, an Italian bicycle manufacturer, utilized Ansys simulation software to achieve a 70% reduction in physical bike frame prototyping. This innovation enables faster time-to-market and reduced development costs while satisfying safety and performance requirements. Supported by channel partner EnginSoft, the company’s E-Omnia e-bike has been showcased at CES 2023, highlighting a shift towards green mobility. Ansys solutions allowed Bianchi to optimize frame geometry and design verification, improving overall performance and meeting market demand for lighter, stiffer, and faster bicycles.