Ansys Inc Stock Price, News & Analysis

ANSYS, a leader in engineering simulation, announced that Ajei Gopal, CEO, will participate in a moderated discussion at Bernstein's 38th Annual Strategic Decisions Conference on June 2, 2022, at 2:30 p.m. ET. A live webcast will be available for attendees and archived for future access. During the event, Gopal may discuss forward-looking statements regarding the company's financial outlook and product developments. Investors can access further details on their official site for more information.

ANSYS reported Q1 2022 revenues of $425.1 million, a 17% increase YoY, with GAAP earnings per share (EPS) at $0.81 and non-GAAP EPS at $1.36, marking a 21% increase. ACV grew 8% to $344.1 million, with a 19.1% GAAP operating profit margin. The company raised its FY 2022 outlook, expecting revenues between $1,997.6 million and $2,057.6 million and diluted EPS between $5.00 and $5.54. This reflects robust performance despite geopolitical challenges and currency headwinds.

Ansys announced the acquisition of Motor Design Limited (MDL), enhancing its electric machine design capabilities. This move builds on a two-year collaboration, enabling the incorporation of Motor-CAD into Ansys' product suite. The acquisition is aimed at addressing the increasing global demand for efficient electric machines and sustainability initiatives. MDL's technology will provide advanced multiphysics workflows, improving design efficiency across various applications. The financial impact for Ansys in 2022 is not expected to be material.

BMW Group and Ansys enhance collaboration to develop a cutting-edge simulation tool chain aimed at improving safety in automated and autonomous vehicle technology. This effort focuses on advanced driver-assistance systems (ADAS) and aims to facilitate the mass generation of critical safety scenarios. Leveraging Ansys' software, BMW plans to achieve Level 3 highly automated driving capabilities, accelerating development timelines while addressing industry challenges such as data handling and cyber security.

Safran Aircraft Engines will utilize Ansys' simulation solutions to enhance structural and thermal simulation workflows in new aircraft engine programs. This partnership aims to support sustainability efforts while reducing development time and costs. Key features include advanced open fan architecture and hybrid electrification to decrease fuel consumption and CO₂ emissions by over 20%. Ansys' tools are expected to streamline the workflow, improving usability and scalability in engine design.

Ansys will collaborate with the University of Colorado Boulder to launch a master's degree program in High-Speed Digital Engineering. This initiative aims to equip future electronics engineers with essential simulation skills using Ansys' leading software. Key features include hands-on experience with four major simulation applications and industry insights to enhance the curriculum. The program is set to begin in spring 2023, potentially expanding to online offerings. Ansys’ involvement will help prepare students for immediate contributions in the engineering workforce.

ANSYS (NASDAQ: ANSS) will announce its Q1 2022 earnings on May 4, 2022, post-market close. A conference call hosted by CEO Ajei Gopal and CFO Nicole Anasenes is scheduled for 8:30 a.m. ET on May 5, 2022, to discuss the results and future outlook. Participants can pre-register and gain immediate access via a unique PIN. The webcast and earnings release will be available on the corporate website. Ansys is recognized as a leader in engineering simulation software, aiding companies in delivering superior products.

Ansys (NASDAQ:ANSS) is collaborating with Northrop Grumman to develop the Deep-Space Advanced Radar Capability (DARC) for the U.S. Space Force. This initiative involves Ansys' simulation and digital mission engineering solutions to create a digital twin prototype for radar systems aimed at enhancing space domain awareness. The initial contract focuses on designing a Site 1 system, expected to be completed by 2025, with plans for additional radar sites globally. This partnership underlines Ansys' commitment to advancing national security through innovative engineering solutions.

Ansys has signed a definitive agreement to acquire OnScale, enhancing its cloud portfolio with a cloud-native, web-based user interface. This integration aims to provide device-independent access to Ansys' simulation technologies through both traditional and new UI formats. The deal will not materially impact Ansys' financial performance in 2022. OnScale's technology is expected to support Ansys' strategy of offering flexible simulation solutions to various customer needs, from large enterprises to startups.