Welcome to our dedicated page for Ansys news (Ticker: ANSS), a resource for investors and traders seeking the latest updates and insights on Ansys stock.
Ansys Inc. develops engineering simulation software and operates as part of Synopsys following its completed acquisition. News about Ansys centers on simulation products for multiphysics analysis, computational fluid dynamics, autonomy, safety analysis, digital engineering, cloud computing, and AI-assisted engineering workflows, including tools such as Ansys Engineering Copilot and AI+ capabilities.
Company updates also cover technology integrations and customer deployments, including access to NVIDIA Omniverse within Ansys simulation solutions and use of Ansys software in drone delivery, hydrogen-fueled aviation, aerospace design, digital twins, and virtual prototyping. Corporate-status items include capital-structure, shareholder-vote, risk-factor, and operating-result disclosures tied to the company’s transition into Synopsys ownership.
ANSYS, Inc. reported Q1 2020 revenue of $305.0 million and non-GAAP revenue of $308.9 million, reflecting a 4% and 3% decrease year-over-year, respectively. GAAP diluted EPS was $0.53, down 48% from last year, while non-GAAP diluted EPS was $0.83, a 36% decline. The company completed the acquisition of Lumerical Inc. for $107.5 million. ANSYS has provided guidance for Q2 2020, estimating revenue between $330.9 million and $370.9 million and a diluted EPS range of $0.55 to $0.92. Despite challenges from COVID-19, cash flow remains strong at $718 million.