Ansys Inc Stock Price, News & Analysis

ANSYS announced that Lee Detwiler, Vice President of Finance, and Dr. Larry Williams, Distinguished Engineer, will participate in the Berenberg Design Conference 2021 on March 11, 2021, at 3:00 p.m. ET. The event will be held virtually, and a live audio webcast, as well as an archive, will be available for interested parties. ANSYS emphasizes that the webcast may contain forward-looking statements regarding market opportunities, which face uncertainties, especially due to factors like the COVID-19 pandemic.

ANSYS reported strong Q4 2020 results with GAAP revenue of $623.7 million, up 28% YoY, and non-GAAP revenue of $627.8 million. Diluted EPS reached $2.46 (GAAP) and $2.96 (non-GAAP), marking increases of 29% and 32%, respectively. Full-year GAAP revenue was $1,681.3 million, with a 11% increase YoY. The company anticipates FY 2021 revenue guidance of $1,770.5 million to $1,855.5 million with diluted EPS between $4.33 and $4.86.

Optimo Medical AG and Ansys are collaborating to enhance eye surgery for astigmatism using advanced simulations and digital twin technology. This partnership aims to improve the precision of surgical planning, significantly boost patient outcomes, and lower development costs for new eye products. By utilizing Ansys Mechanical with Optimo Medical's Optimeyes technology, ophthalmologists can create personalized treatment plans that reduce the chances of surgical errors. This initiative targets approximately 15 million patients suffering from astigmatism annually.

Ansys (NASDAQ: ANSS) partners with Keysight Technologies to enhance digital mission engineering (DME) workflows, streamlining design processes for aerospace, defense, and 5G applications. The collaboration integrates Keysight's PathWave System Design with Ansys' Systems Tool Kit, enabling seamless connection between mission-level modeling and component-level design. This advancement aims to decrease human error, accelerate product lifecycles, and improve decision-making capabilities for engineers, ultimately leading to faster market innovation.

Ansys has launched Moxie, a new product aimed at streamlining system model validation for engineers. This tool enhances productivity and reduces development time by allowing engineers to execute SysML behavioral models in virtual environments. Moxie integrates with advanced mission modeling tools, enabling real-time validation against mission performance requirements. By addressing programmatic risks, it allows for early evaluation of system designs, which can lead to cost savings and improved performance forecasts. The product is part of Ansys's strategy to empower engineering teams across various industries.

On February 18, 2021, Ansys announced a partnership with Siemens Energy to enhance additive manufacturing (AM) capabilities. This collaboration focuses on integrating Siemens Energy's powder bed fusion (PBF) AM process with Ansys's simulation technologies, allowing engineers to produce complex parts affordably and efficiently. The initiative aims to reduce the need for physical prototypes, accelerate product development, and facilitate training for engineering teams. Together, they seek to revolutionize AM by improving product quality and reducing costs, thereby increasing innovation in the industry.

Red Bull Racing and Ansys have renewed their innovation partnership as they enter the 2021 Formula One season, focusing on optimizing aerodynamic performance. This collaboration allows Red Bull Racing's engineers to create high-performing designs faster, giving them a competitive advantage. Utilizing Ansys' simulation technologies, including Ansys Fluent and Granta MI, the team enhances design processes, reduces errors, and improves collaboration. Ansys aims to help the racing team overcome short development periods and complex aerodynamic challenges, ensuring they maintain a leading edge on the racetrack.

On January 26, 2021, Ansys launched 2021 R1, enhancing simulation capabilities for engineers. Key features include improved sensor simulation for AVs and high-performance computing advancements. This release focuses on collaboration and efficiency, enabling engineers to tackle complex design challenges without tech limitations. New tools for battery design and EV components support innovation in autonomous and electric vehicle development. Ansys aims to reshape engineering workflows, making cutting-edge technology accessible for all companies.

ANSYS, Inc. (NASDAQ: ANSS) will announce its fourth quarter and FY 2020 earnings on February 24, 2021, after market close. A conference call is scheduled for 8:30 a.m. Eastern Time on February 25, 2021, with leadership discussing results and future outlook. Participants are encouraged to pre-register for the call or dial in on the day. The earnings release, prepared remarks, and investor presentation will be available on Ansys' corporate website.