ANSYS

ANSYS, Inc. engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa, and Asia-Pacific. The firm's solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A. Swanson in 1970 and is headquartered in Canonsburg, PA.

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ANSYS surpasses Q4 targets, eyes sustainable growth and innovation

ANSYS' exceptional Q4 performance and achievement of long-term financial goals underscore its market strength and growth potential.
While facing challenges like revenue recognition volatility and margin impact from acquisitions, the company's strategic focus and strong fundamentals position it well for the future.
Opportunities in diverse industries, sustainability initiatives, and technological advancements offer ANSYS avenues for continued innovation and market leadership.
With robust guidance for 2023 and a focus on solving complex problems, ANSYS is poised for sustained growth, supported by strong operating leverage and disciplined investments.

ANSYS exceeds Q1 expectations, raises guidance amidst market uncertainties

ANSYS reported outstanding Q1 results, surpassing expectations and raising full-year guidance. The company's strengths lie in diversified revenue growth, strategic partnerships, and a focus on innovation. While facing challenges related to macroeconomic uncertainties, ANSYS is well-positioned to leverage opportunities in high-performance computing, AI/ML technologies, and domain-specific applications.

ANSYS surpasses Q2 expectations, focuses on sustainability and partnerships

ANSYS reported outstanding Q2 results, exceeding expectations and raising full-year guidance. The company's emphasis on sustainability, strong partnerships, and recognition for environmental efforts position it well for continued growth. Challenges include uncertainties in the tech ecosystem impact and revenue recognition anomalies.

ANSYS overcomes China hurdles, raises guidance, eyes sustainable growth

ANSYS navigated China challenges to deliver a strong quarter, showcasing resilience and growth in key industries. The company's focus on sustainability, innovation, and global demand positions it well for future success. Despite short-term hurdles, ANSYS remains optimistic about overcoming challenges and achieving long-term growth targets.

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ANSYS, Inc. engages in the development and marketing of engineering simulation software and services. The firm's solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A. Swanson in 1970 and is headquartered in Canonsburg, PA.

ANSYS (ANSS) performance benefits from continued strength in the aerospace and defense, high-tech and automotive sectors.

ANSYS (ANSS) Stock Surges 33.5% YTD: Will the Trend Continue?

ANSYS, Inc. (NASDAQ:ANSS ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Kelsey DeBriyn - VP, IR Ajei Gopal - President and CEO Nicole Anasenes - CFO Conference Call Participants Joe Vruwink - Baird Jay Vleeschhouwer - Griffin Securities Andrew Obin - Bank of America Tyler Radke - Citi Andrew DeGasperi - Berenberg Steve Tusa - JPMorgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the ANSYS Second Quarter 2023 Earnings Conference Call. With us today are Ajei Gopal, President and Chief Executive Officer; Nicole Anasenes, Chief Financial Officer; and Kelsey DeBriyn, Vice President, Investor Relations.

ANSYS, Inc. (ANSS) Q2 2023 Earnings Call Transcript

ANSYS' (ANSS) second-quarter performance benefits from strength in the aerospace and defense, high-tech and automotive sectors.

ANSYS (ANSS) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Although the revenue and EPS for Ansys (ANSS) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Ansys (ANSS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Engineering simulation and 3D design software maker Ansys topped expectations for the second quarter but missed with its outlook.

Ansys Tops June-Quarter Views But Lowers Sales, Earnings Outlook

Details related to our financial guidance, including assumptions, are included in our prepared remarks document.       / Key Highlights - Q2 2023 GAAP and non-GAAP revenue of $496.6 million GAAP diluted earnings per share of $0.80 and non-GAAP diluted earnings per share of $1.60 GAAP operating profit margin of 19.3% and non-GAAP operating profit margin of 36.4% Operating cash flows of $62.9 million and unlevered operating cash flows of $72.1 million Annual contract value (ACV) of $488.3 million Deferred revenue and backlog of $1,295.8 million on June 30, 2023       PITTSBURGH, Aug. 02, 2023 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ: ANSS), today reported second quarter 2023 GAAP and non-GAAP revenue growth of 5% and 4% in reported currency, respectively, or 6% and 5% in constant currency, respectively, when compared to the second quarter of 2022.

Ansys Announces Financial Results With Record Q2 Revenue and ACV

ANSYS's (ANSS) second-quarter performance is likely to have gained from the healthy adoption of its solutions across various verticals.

Factors to Note Ahead of ANSYS (ANSS) Q2 Earnings Release

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Nano Dimension

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The 3 Best 3D Printing Stocks to Buy Now: July 2023

Ansys invests further in AI with the beta launch of AnsysGPT, a virtual assistant that garners engineering expertise across physics domains, provides 24/7 comprehensive technical support, and reduces response times / Key Highlights Ansys is advancing its customer experience, accelerating democratization of simulation, and powering next-generation innovation with new AI capabilities across its simulation portfolio and technical support services Ansys' first AI-powered virtual assistant will provide the added option of 24/7 technical support to Ansys customers throughout the world, reducing first response time to mere seconds Built using ChatGPT technology, Ansys' latest AI tool is tailored for Ansys customers and trained with Ansys public data, combining the domain expertise normally distributed across multiple engineers into one virtual knowledge engine PITTSBURGH , July 27, 2023 /PRNewswire/ -- Expanding artificial intelligence (AI) integration across its simulation portfolio and customer community, Ansys (NASDAQ: ANSS) announced the limited beta release of AnsysGPT, a multilingual, conversational, AI virtual assistant set to revolutionize the way Ansys customers receive support. Developed using state-of-the-art ChatGPT technology available via the Microsoft Azure OpenAI Service, AnsysGPT uses well-sourced Ansys public data to answer technical questions concerning Ansys products, relevant physics, and engineering topics within one comprehensive tool.

Ansys Accelerates Innovation by Expanding AI Offerings with New Virtual Assistant

New release expands digital engineering solutions with leading solvers and large-scale computing in connected workflows / Key Highlights Sophisticated numerics integrate multiphysics solvers to advance electronic innovations – from 3D integrated circuits (3D-IC) to electric vehicles The Ansys Discovery simulation-driven design tool helps makes digital engineering more accessible and immediate by performing live structural physics on 3D models The new release expands support for high-performance computing (HPC), graphics processing unit (GPU) acceleration, and cloud computing PITTSBURGH , July 25, 2023 /PRNewswire/ -- The latest release from Ansys (NASDAQ: ANSS), 2023 R2 enables distributed engineering teams with new technologies and improved performance to drive industry innovation forward. It combines an exceptional range of enhanced numerics capabilities, performance improvements, and cross-disciplinary engineering solutions to equip organizations with advanced physics solvers, scalable GPU-based computing, and seamless workflows.

Ansys 2023 R2 Powers Industry Innovation with Transformative Simulation Technologies

Ansys received eight Telly Awards in non-broadcast and online categories / Key Highlights The Telly Awards is the premier award honoring video and television across all screens, receiving more than 12,000 entries from all 50 states and five continents Ansys was awarded two gold and six silver Telly Awards PITTSBURGH , July 24, 2023 /PRNewswire/ -- Ansys (NASDAQ: ANSS) announced its Earth Rescue online video series has been recognized in the non-broadcast and online categories of the record-breaking 44th Annual Telly Awards. The Telly Awards honors excellence in video and television across all screens and is judged by leaders from video platforms, television, streaming networks, production companies and including Adobe, BBC World Service, Netflix, Dow Jones, Complex Networks, Jennifer Garner, A&E Networks, Hearst Media, Nickelodeon, National Geographic Society, ESPN Films, RYOT, Partizan and Vimeo.

Ansys' Earth Rescue Video Series Recognized in the 44th Annual Telly Awards

Despite industry tailwinds, ANSYS' near-term outlook is uncertain as demand appears to be softening. AI is becoming an important part of simulation toolkits and ANSYS' large footprint and long history position it for success in this area. The simulation market is relatively small and only offers modest growth. ANSYS will need to take market share and expand the market to justify its valuation.

ANSYS: Heady Valuation

Ansys ranked #27 among 100 global companies recognized for employee sentiment and satisfaction / Key Highlights Ansys named to Top 100 Global Most Loved Workplaces® list, which recognizes companies that put respect, caring, and appreciation for their employees at the center of their business model More than two million employees from businesses of various sizes were surveyed to determine results PITTSBURGH , July 20, 2023 /PRNewswire/ --  Newsweek announced their annual rankings for the Top 100 Global Most Loved Workplaces® list, and Ansys (NASDAQ: ANSS) was ranked #27. The 2023 Global Top 100 Most Loved Workplaces® is the newest list in the Most Loved Workplace® collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company.

Ansys Named to Newsweek's List of the Top 100 Global Most Loved Workplaces for 2023

ANSYS' (ANSS) simulation solutions help uPI optimize product performance and minimize the risk of late-stage modifications.

ANSYS (ANSS) Solutions Help uPI Improve Product Reliability

uPI leverages Ansys' multiphysics simulation tools to enhance the design, development, and verification of its chip package designs / Key Highlights uPI achieves a 2X improvement in thermal cycle endurance for their semiconductor product packages with Ansys' multiphysics simulation solutions Ansys' predictive simulation insights enable uPI to accelerate R&D and improve electrical performance, while decreasing the risk of late-stage design changes PITTSBURGH , July 18, 2023 /PRNewswire/ -- uPI Semiconductor Corp. (uPI) applies Ansys' (NASDAQ: ANSS) simulation solutions to speed up design for its product packaging solutions and improve thermal reliability by 2X. uPI is a leading supplier of semiconductor power management chips for high-performance computing (HPC) applications, communications hardware, battery management, industrial equipment, and consumer products.

Ansys Simulation Boosts the Thermal Reliability of uPI's Power Management Products by 100%

Rapid design verification with Ansys simulation accelerates R&D and speeds time to market for TMYTEK's AiP designs  /Key Highlights Ansys simulation helps drive TMYTEK's advanced mmWave solutions and significantly speeds up design cycles to reduce development costs across various customer applications AiP performance prediction via simulation in the early development stage lessens the need for fine-tuning performance to speed time to market PITTSBURGH , July 17, 2023 /PRNewswire/ -- Leading mmWave technology developer TMY Technology, Inc. (TMYTEK) uses Ansys (NASDAQ: ANSS) simulation software to improve the performance, efficiency, and quality of its antenna-in-package (AiP) designs through rapid design verification. TMYTEK relies on numerous Ansys solvers to improve on its next-generation mmWave technologies for 5G and satellite communications quickly — significantly reducing associated development costs.

Ansys Helps Accelerate Development of TMYTEK's Next-Gen mmWave Technology for 5G and Satellite Communications

ANSYS' (ANSS) solutions help Flexium assess the durability and performance of its PCB boards.

ANSYS' (ANSS) Simulation Solutions Continue to Gain Traction

PITTSBURGH , July 13, 2023 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS) announced today that the Company expects to release its second quarter earnings on Wednesday, August 2, 2023, after the market closes. The Company will hold a conference call conducted by Ajei Gopal, president and chief executive officer and Nicole Anasenes, chief financial officer and senior vice president of finance at 8:30 a.m.

Ansys to Release Second Quarter 2023 Earnings on August 2, 2023

Progress Software

Investors looking for stocks in the Computer - Software sector might want to consider either Progress Software (PRGS) or Ansys (ANSS). But which of these two companies is the best option for those looking for undervalued stocks?

PRGS or ANSS: Which Is the Better Value Stock Right Now?

Ansys simulation drives the PCB manufacturer's competitive 5G mmWave antenna module designs to support satellite, driverless, and wireless applications / Key Highlights Flexium relies on Ansys to analyze electromagnetic, thermal, and mechanical performance, as well as the layout of its PCBs to improve design reliability and durability Ansys simulation advances antenna module designs that support the miniaturization of satellite and related wireless signal technologies critical to advanced vehicle perception PITTSBURGH , July 13, 2023 /PRNewswire/ -- Flexium uses Ansys (NASDAQ: ANSS) simulation solutions to explore design ideas, and develop and test antenna modules for high-frequency signal transceiver designs used in advanced driver assistance systems (ADAS) and autonomous vehicle (AV) applications. With support from Ansys tools, the printed circuit board (PCB) manufacturer's R&D team can also test the durability and reliability of its PCB boards, as well as explore new design ideas through layout and material experimentation at a relatively low cost.

Ansys Enables Flexium's 5G mmWave Antenna Module Designs to Advance ADAS/AV Technology

ANSYS (ANSS) collaborates with Altium to improve the exchange of design data and eliminate the need for manual translation.

ANSYS (ANSS) & Altium to Improve Electronic Design Workflow

Ansys and Altium will further streamline electronics design and development with seamless integration between ECAD and simulation / Key Highlights Altium and Ansys are creating an open, digital bridge between ECAD and simulation to help accelerate electronic design and reduce errors The bidirectional integration will provide continuous data exchange between Ansys and Altium electronics design packages, replacing import and export translation, and manual communication Ansys and Altium will demonstrate the capability during the 2023 Design Automation Conference in San Francisco at Ansys Booth 1539 PITTSBURGH , July 11, 2023 /PRNewswire/ -- Altium and Ansys (NASDAQ: ANSS) are partnering to improve the electronic design and development process by digitally connecting Altium's electronic computer-aided design (ECAD) tools and Ansys Electronics Desktop. This bidirectional integration, set to be available in the second half of 2023, creates a new level of digital continuity while helping to reduce development time and the risk of design errors.

Ansys and Altium Boost Electronics Design with Digital Continuity

Ansys power integrity and electromagnetic analysis tools optimize semiconductor products for HPC, 5G, and AI applications / Key Highlights Ansys® Redhawk-SC™ , Ansys® Totem™, and Ansys® PathFinder-SC™ support power integrity, signal integrity, and reliability signoff requirements for the Intel 16 process node The Ansys multiphysics platform supports new RF capabilities and other advanced Intel 16 process features to deliver faster design completion and higher performance through predictively accurate correlation with silicon PITTSBURGH , July 11, 2023 /PRNewswire/ -- Intel Foundry Services (IFS) certified Ansys (NASDAQ: ANSS) multiphysics solutions for signoff verification of advanced integrated circuits (ICs) designed with the Intel 16 silicon manufacturing process. The predictive accuracy of Ansys' power integrity and signal integrity platforms helps designers increase the performance of edge AI, graphic processing, and wireless communication products by avoiding wasteful over-design.

Ansys Multiphysics Solutions Enable Signoff Verification for Intel 16 Process Node

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