Ansys Inc Stock Price, News & Analysis

Ansys and the University of Texas at Arlington (UTA) have partnered to create an advanced design and analysis workflow for validating models in U.S. hypersonic vehicles. This collaboration aims to enhance software accuracy through physical flight tests in UTA's specialized wind tunnel. The initiative seeks to streamline certification processes, reduce costs tied to hypersonic technology development, and address the shortage of engineers in this field, all while expediting the engineering cycle for future aerospace projects.

On September 1, 2020, ANSYS (NASDAQ: ANSS) announced that Senior Vice President and CFO Maria Shields, along with Annette Arribas, Senior Director of Global Investor Relations, will participate in a moderated discussion at the CITI 2020 Global Technology Conference. The event is scheduled for September 9 at 8:55 a.m. ET and will be available via a live audio webcast. An archive of the presentation will also be accessible online. ANSYS, a leader in engineering simulation, emphasizes its role in helping companies innovate through its comprehensive software solutions.

Ansys has achieved certification for its semiconductor design solutions from TSMC, focusing on high-speed CoWoS® and InFO technologies. This certification enables clients to optimize power, signal integrity, and thermal analysis for integrated 2.5D and 3D silicon systems. The collaboration aims to address complex design challenges, enhancing performance and reliability, particularly for Wi-Fi, 5G, and high-speed devices. Ansys’ advanced multiphysics suite will assist customers in ensuring first-time design success and quicker time to market.

Ansys (NASDAQ: ANSS) announced the certification of its Ansys® RedHawk-SC™ solution for TSMC's advanced 3nm process technology. This certification allows customers to meet essential power, thermal, and reliability requirements for cutting-edge applications, including AI/ML, 5G, and autonomous vehicles. The RedHawk-SC solution provides comprehensive analysis capabilities necessary for managing complex design challenges at 3nm, ensuring effective power integrity and electromigration reliability. Ansys continues to strengthen its collaboration with TSMC to facilitate innovation and design advancements for next-generation chipsets.

ANSYS, Inc. (ANSS) reported strong Q2 2020 results with GAAP revenue of $385.7 million and GAAP diluted EPS of $1.11. The company achieved a 5% revenue growth year-over-year, aided by a significant increase in operating cash flows to $131.6 million. ANSYS has increased its Q3 and FY 2020 guidance, projecting GAAP revenue between $1.558 billion and $1.634 billion and diluted EPS of $4.01 to $4.70. The backlog reached $846.5 million, showing an 18% increase compared to Q2 2019.

Ansys has launched free online Ansys Innovation Courses to transform how engineering students learn physics principles. This initiative, part of the Ansys Academic Program, integrates real-world case studies with high-fidelity simulations to reinforce physics theory. The courses are designed for undergraduates and early-career engineers and feature instructional materials from academic partners like Cornell University and the University of North Carolina at Charlotte. By combining traditional education with advanced simulations, Ansys aims to enhance online learning amid the shift to remote education during COVID-19.

On July 16, 2020, Ansys announced the launch of Ansys Discovery, a next-generation product design software aimed at enhancing engineering productivity and innovation. This tool integrates instant physics simulations, high-fidelity simulations, and interactive geometry modeling into a single application. The upcoming virtual launch event scheduled for July 29, 2020, at 11 a.m. EDT, will showcase its capabilities. Ansys Discovery promises improved design efficiency and shorter development cycles, enabling engineers to explore design options swiftly and effectively.