Ansys Inc Stock Price, News & Analysis

Ansys has announced the acquisition of Rocky DEM, a leader in discrete element method (DEM) simulation software, to enhance its particle mechanics offerings. This strategic move aims to bolster Ansys' presence in South America and integrate Rocky's technology across various industries. The acquisition is expected to provide users with advanced modeling tools to optimize solid handling processes and improve product quality. Ansys does not anticipate any significant impact on its financials for 2023 as a result of this transaction.

Ansys will showcase its simulation solutions at CES 2023, highlighting advancements in sustainable mobility. Key exhibits include collaborations with AWS, Microsoft, and Bianchi, focused on electric vehicles and autonomous systems. Ansys aims to enhance product development through digital transformation, reducing costs and emissions. The company positions itself as a leader in simulation technologies, vital for accelerating innovation in the mobility sector. Key partnerships emphasize the importance of simulation in achieving a connected and sustainable future for transportation.

Ansys appointed Claire Bramley to its Board of Directors effective December 15, 2022. With extensive experience in financial leadership, including roles at Teradata and HP, Bramley brings a wealth of knowledge in strategic planning and mergers & acquisitions. Her appointment aims to enhance Ansys' operational excellence and growth potential. Ansys' chairman and CEO expressed confidence that Bramley's expertise will complement their ongoing business momentum.

Ansys (NASDAQ: ANSS) has announced certification of its semiconductor tools—RedHawk-SC, RaptorH, and HFSS—by GlobalFoundries (GF) for use on the 22FDX platform. This certification allows chip designers to utilize Ansys' predictive tools to enhance performance and reduce costs by eliminating unnecessary safety margins while ensuring reliability. The 22FDX platform is widely used in IoT, mobile, and automotive applications. Ansys emphasizes the importance of this collaboration, promising predictive accuracy in validating chip designs critical for high-speed and ultra-low power performance.

ANSYS reported Q3 2022 revenue of $472.5 million, a 7% increase from Q3 2021, with GAAP diluted EPS of $1.10 and non-GAAP EPS of $1.77, up 13% and 11%, respectively. Annual Contract Value (ACV) grew 12% to $409.3 million, with a strong 20% rise in constant currency. Operating cash flows were $127.2 million, down 19%. Looking ahead, the company raised its FY 2022 outlook for revenue and ACV amidst currency challenges, anticipating GAAP revenue between $1.9927 and $2.0277 billion. The overall performance reflects strong demand for simulation solutions across industries.

Ansys has launched Ansys Gateway powered by AWS, facilitating access to simulation software through Amazon Web Services. This platform enables developers and engineers to manage their simulation projects online with high performance and scalability. Customers can utilize Ansys applications on a pay-for-use basis, reducing costs and time to market. The Gateway offers a unified workspace for various applications, enhancing innovation and efficiency. Ansys aims to make simulation software more accessible to startups and businesses of all sizes, leveraging AWS to overcome traditional hardware limitations.

Ansys has received certification for its power integrity software, Redhawk-SC and Totem, for TSMC's FINFLEX architecture built on N3E and N4 process technologies. This certification enables customers to optimize performance and power efficiency in chip designs, critical for applications in machine learning, 5G, and high-performance computing. The collaboration promotes sustainable semiconductor technology, allowing designers to select configurations that balance performance and power consumption effectively.

Ansys announced a new multiyear agreement with Murata to enhance the development of their wireless connectivity products. This collaboration leverages Ansys' extensive simulation portfolio, aimed at improving efficiency, performance, and quality of electronic components, such as RF modules and multilayer ceramic capacitors.

The partnership builds on existing relations and promises to support Murata's sustainability initiatives and market expansion, especially in light of increasing demands for high-frequency communication technologies.