Ansys Inc Stock Price, News & Analysis

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.

Ansys has announced that its RedHawk-SC and RedHawk-SC Electrothermal platforms have been certified for compliance with TSMC's 3Dblox standard. This certification simplifies 3D-IC design and enhances interoperability between tools in TSMC's 3DFabric ecosystem. As part of TSMC's Reference Flow, these solutions address power integrity and thermal reliability in advanced semiconductor designs, contributing to efficient chiplet reuse and modular design.

Synopsys, Ansys, and Keysight Technologies have launched a new mmWave radio frequency (RF) design flow optimized for TSMC's 16nm FinFET technology. This collaboration aims to meet the power and performance demands of 5G/6G system-on-chips (SoCs). The flow integrates advanced tools to enhance design efficiency, focusing on scalability, power integrity, and electromagnetic analysis. The strong market demand for mmWave technology is anticipated to drive growth as 5G adoption increases. The partnership underlines the importance of ecosystem collaboration in achieving silicon success for complex RF designs.

Ansys congratulates Oracle Red Bull Racing for winning the 2022 Constructors' Championship and Drivers' Championship, marking their first double win since 2013.

The team utilized Ansys simulation software for aerodynamics and material management to enhance performance under new regulations. Ansys has been an innovation partner since 2008, providing tools crucial for the team's competitive edge. Notably, driver Max Verstappen secured his title on October 9, 2022, contributing to a successful season that showcased the effectiveness of Ansys' solutions in adapting to changes in vehicle design.

Ansys is aiding ZeroAvia in developing a hydrogen-electric powertrain aimed at reducing aircraft emissions. By utilizing Ansys simulations throughout the design and certification phases, ZeroAvia is tackling challenges related to safety and thermal management. The hydrogen-electric technology is projected to produce 90% less lifecycle emissions compared to traditional jet fuel. ZeroAvia plans to commercialize a 600kW powertrain for 9-19 seat aircraft by 2024, followed by a larger 2-5MW system for 40-80 seat aircraft by 2026, leveraging Ansys solutions to enhance efficiency and safety.

ANSYS, Inc. (NASDAQ: ANSS) will release its third quarter earnings on November 2, 2022, after market close. A conference call, led by CEO Ajei Gopal and CFO Nicole Anasenes, will follow on November 3, 2022, at 8:30 a.m. Eastern Time to discuss the results and future outlook. Participants are encouraged to pre-register for easier access to the call. The earnings press release and details will be available on the company's investor website.