Ansys Inc Stock Price, News & Analysis

Ansys received the Customers' Choice Award at the TSMC 2020 Open Innovation Platform Ecosystem Forum for its technical paper on 5G RF device analysis using Ansys Totem technology. The award reflects the efficacy of Totem in addressing electromigration and self-heating challenges in high-speed RF designs. Presented by TSMC, the paper demonstrated a validated electromigration flow on TSMC's 16nm process technology, emphasizing Ansys' role in supporting innovative silicon design solutions. This accolade marks Ansys' second win in three years, highlighting its continued collaboration with TSMC.

Zoltan Cendes, former Chief Technology Officer at Ansys, has been elected to the National Academy of Engineering (NAE) for his vital contributions to electromagnetics simulation software, including the development of Ansys HFSS. This honor recognizes his role in advancing engineering technology and innovation. Cendes' career highlights include founding Ansoft and his pivotal work on finite element modeling techniques and algorithms that transformed high-frequency electronic design. He will be inducted into the NAE on October 3, 2021, alongside 127 other new members.

Ansys (NASDAQ: ANSS) announced the appointment of Kelsey DeBriyn as the new head of investor relations and government affairs, effective March 17, 2021. DeBriyn, who has 15 years of experience in investment banking and equity research, will enhance stakeholder engagement and provide insights into Ansys' strategy and financial outlook. She previously worked at Raytheon Technologies and BlackRock. Annette Arribas, the former senior director of investor relations, is leaving for other opportunities. The move aims to support Ansys' growth initiatives.

Ansys (NASDAQ: ANSS) has appointed Jim Frankola to its Board of Directors, effective March 12, 2021. Frankola brings over 25 years of experience in business transformation and financial governance. Currently the CFO of Cloudera, he has previously held CFO roles at Yodlee and Ariba, driving significant growth through innovative business strategies. His expertise in cloud-based transformations and corporate governance is expected to enhance Ansys's strategic direction and assist in meeting aggressive growth targets.

Ansys is collaborating with ENGIE Lab CRIGEN to develop a digital twin solution that enhances asset simulation, aiming to minimize costs, environmental impact, and time. This partnership utilizes Ansys' advanced simulation technologies, which provide real-time predictive analytics and improve asset management decisions. ENGIE Lab CRIGEN focuses on developing solutions for sustainability and energy transition by leveraging these digital twins for industrial equipment, enhancing operational efficiency and reliability while supporting the goal of zero-carbon energy.

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.