Ansys Inc Stock Price, News & Analysis

Rockwell Automation (NYSE: ROK) and Ansys (NASDAQ: ANSS) have announced an enhanced connection between Rockwell's Studio 5000 Simulation Interface and Ansys's digital twin software, Twin Builder. This integration enables engineers to utilize simulation for designing and optimizing industrial operations. Key benefits include creating virtual equipment designs, virtually commissioning systems, and testing process changes in a simulated environment. This partnership aims to improve efficiency and reduce costs in the industrial automation sector, providing significant insights throughout the equipment lifecycle.

Ansys has entered into a value-added distributor agreement with SB C&S Corp. to enhance its product distribution across Japan. This partnership will allow SB C&S to offer Ansys's robust simulation solutions to small and medium-sized businesses (SMBs), significantly improving access to advanced engineering tools.

The collaboration aims to democratize simulation technology, allowing companies of all sizes to engage in digital transformation initiatives.

Ansys has announced its definitive agreement to acquire Zemax, a leader in optical imaging system simulation. This acquisition will enhance Ansys' portfolio by providing comprehensive solutions for simulating advanced optical and photonics products. The deal is expected to close in Q4 2021, pending regulatory approval. Zemax, with over 30 years of experience, specializes in precision optical ray tracing and lens design, vital for industries such as healthcare and autonomous vehicles. The acquisition aims to streamline product development and expand Ansys’ customer reach.

On August 12, 2021, Ansys and IPG Automotive announced a strategic partnership to enhance the development of advanced driver-assistance systems (ADAS) and autonomous vehicles (AVs). This collaboration combines Ansys' high-fidelity physics simulation with IPG's CarMaker, aiming to streamline the verification and validation process of AV technology. By utilizing simulation, the partnership helps automotive OEMs reduce the time and cost associated with physical road testing, significantly improving safety measures for AVs and ADAS.

ANSYS reported Q2 2021 GAAP revenue of $446.7 million, a 16% increase from Q2 2020. Non-GAAP earnings per share rose to $1.85, up 19% year-over-year. The company achieved an annual contract value (ACV) of $430.5 million, marking a 25% growth. Operating cash flows were $118.9 million, though down 10% compared to the previous year. ANSYS raised its full-year guidance for revenue and EPS due to strong business momentum despite ongoing COVID-19 impacts. The Q3 revenue forecast ranges from $395.8 million to $420.8 million.

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.