Ansys Inc Stock Price, News & Analysis

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.

Ansys (NASDAQ: ANSS) has signed a definitive agreement to acquire C&R Technologies, a leader in thermal analysis for space applications, enhancing Ansys' simulation capabilities. The integration of Thermal Desktop will allow for improved design and optimization of thermal systems, particularly in aerospace and defense sectors. This acquisition is expected to complement Ansys' existing offerings without a material impact on its 2022 financial statements. The deal aligns with Ansys' strategy to strengthen its position in the growing NewSpace market.

Ansys announced its collaboration with AMD to support AMD Instinct™ accelerators in Ansys® Mechanical™, enhancing finite element analysis capabilities. This integration allows for 3 to 6 times faster simulation of complex structural models, significantly improving performance in data centers and supercomputers. Ansys aims to leverage cutting-edge GPU technology for better design efficiency in industries like automotive and aerospace. This partnership aligns with Ansys’ strategy to invest in sustainable, high-performance computing technologies.

ANSYS reported Q2 2022 GAAP revenue of $473.9 million, a 6% increase year-over-year, while non-GAAP revenue rose 5% to $475.9 million. The company also achieved a GAAP diluted EPS of $1.13 and non-GAAP EPS of $1.77. ACV grew 7% to $460.3 million in reported currency, or 13% in constant currency. ANSYS raised its full-year 2022 guidance for ACV and revenue in constant currency due to strong demand and business momentum, despite challenges posed by currency fluctuations. The outlook anticipates GAAP revenue between $1.997 billion and $2.048 billion.

Ansys (NASDAQ: ANSS) has announced a goal to reduce its scope 1 and scope 2 emissions by 15% by 2027, based on a 2019 baseline. The company is focusing on sustainability through advanced simulation technology that helps clients minimize waste and improve circularity. Ansys is implementing projects from energy audits, including on-site renewable energy initiatives. Their ESG program aims to generate long-term value by collaborating with stakeholders and driving positive change.