Ansys Inc Stock Price, News & Analysis

Ansys employees Sujata Bandyopadhyay, Terri Washington, Vidyu Challa, Eunhee Kim, and Lakshana Mohee have been honored with awards at the Women of Color STEM Conference for their contributions in science, technology, engineering, and mathematics (STEM). These awards recognize outstanding achievements while emphasizing the ongoing challenges women face in these fields. Ansys, committed to diversity and inclusion, has a significant representation of women in leadership and offers robust support for women's career advancement. The company encourages an inclusive workplace culture.

Ansys (NASDAQ: ANSS) has established the Prithviraj and Swati Banerjee Chair Professorship at IIT Kharagpur, aimed at enhancing research in electronics and communication engineering. This endowment will provide students with access to Ansys simulation solutions, promoting industrial collaboration and addressing the skills gap in engineering. Prith Banerjee, Ansys CTO and IIT Kharagpur alumnus, emphasized the importance of preparing students for technology challenges through this initiative. This effort aligns with IIT Kharagpur's vision to become a top ten global university by 2030.

On July 20, 2021, Ansys (NASDAQ: ANSS) announced the launch of Ansys 2021 R2, enhancing engineering simulation tools to optimize product development across industries. Key features include accelerated simulation speed, with optical meshing up to 20X faster and multistage structural analysis reducing run times by up to 50X. The release also emphasizes data visibility and compliance, enabling engineers to integrate multiple workflows efficiently. Ansys 2021 R2 aims to transform product design through advanced simulation capabilities, fostering innovation in various sectors, including aerospace and electronics.

Ansys has introduced its Power Library (APL) semiconductor simulation solution tailored for the Arm Neoverse architecture, enhancing support for Amazon Web Services (AWS) Graviton2 processors. This partnership enables more efficient design processes and reduces costs for engineering teams by offering access to advanced simulation tools on the cloud. The APL will help customers optimize chip performance while benefiting from AWS's pricing advantages. Graviton2 provides up to 40% better price performance compared to similar current generation instances, which is crucial for budget-sensitive cloud computing.

ANSYS announced its second quarter earnings release date as August 4, 2021, after market close. A conference call will follow on August 5, 2021, at 8:30 a.m. ET, led by CEO Ajei Gopal and CFO Nicole Anasenes. Investors can pre-register for immediate access. The earnings call will cover Q2 results and future outlook, with a replay available shortly after the call. The company's commitment to engineering simulation remains strong, supporting innovation across various industries.

Ansys has launched a free Electronics Desktop product for students, designed to lower barriers to electronics simulation software. This initiative empowers students to develop skills in electronics design, aligning with industry demand for simulation-trained engineers. The software is part of Ansys' Academic Program, which supports over 2,750 universities globally, providing various simulation software and educational resources. The release aims to enhance students' competitive edge and support self-paced learning, reflecting Ansys' commitment to fostering innovation and skills development.

Ansys has secured a multi-year agreement with the ITER Organization to provide simulation solutions for the design and performance optimization of the world's largest nuclear fusion plant. This collaboration, involving engineers from 35 countries, aims to enhance electromagnetic (EM) structure design, reduce project risks, and adhere to stringent safety standards. Key benefits include minimizing physical prototyping needs and ensuring compliance with critical safety requirements, essential for achieving sustainable nuclear fusion.

Ansys recently conducted the Ansys Indy Autonomous Challenge Simulation Race, featuring 17 university teams. The event served as a vital milestone in the competition, allowing teams to test their autonomous vehicle controllers in a digital environment. PoliMOVE won the race, earning $100,000, while TUM Autonomous Motorsport secured the runner-up position, receiving $50,000. A total of $1.3 million in prizes remains for the upcoming IAC race scheduled for October 23, 2021. The simulation is critical for teams to develop and refine their systems before competing in real-world scenarios.