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 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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ANSYS (ANSS) expands its Discovery platform to help companies investigate new concepts in the early stages of antenna design.

ANSYS (ANSS) Enhances Discovery Platform With EM Modeling

Ansys multiphysics platform provides proven solutions to address challenges in simulating and managing power and thermal effects for heterogeneous 2.5D/3D-IC multi-die systems / Key Highlights Ansys® Redhawk-SC™ and Ansys® Redhawk-SC Electrothermal™ multiphysics power integrity and 3D-IC thermal integrity platform are certified for use with Samsung Foundry's X-Cube technology for 3D packaging Ansys® Icepak™ used to validate the predictive accuracy of RedHawk-SC Electrothermal PITTSBURGH , June 28, 2023 /PRNewswire/ -- Ansys (NASDAQ: ANSS) announces that Samsung Foundry has certified Ansys' RedHawk power integrity and thermal verification platform for Samsung's family of heterogeneous multi-die packaging technologies. Samsung's collaboration with Ansys recognizes the critical importance of power and thermal management on the reliability and performance of advanced side-by-side (2.5D) and 3D integrated circuit (3D-IC) systems.

Samsung Foundry Certifies Ansys Thermal Integrity and Power Integrity Solutions for Its Multi-Die Packaging Technologies

Ansys' collaboration with Samsung Foundry validates industry-leading power integrity solutions for next-generation 2nm process technology / Key Highlights Ansys® Redhawk-SC™ and Ansys® Totem™ power integrity platforms are certified for Samsung's 2nm next-generation technology Samsung's certifications are key steps toward 2nm design deployment by joint customers PITTSBURGH , June 28, 2023 /PRNewswire/ -- Following close collaboration with Samsung Foundry, Ansys (NASDAQ: ANSS) has achieved certification of Ansys RedHawk-SC and Ansys Totem power integrity signoff solutions for Samsung's latest 2nm silicon process technology. The certification of these industry-leading electronic design automation (EDA) tools will lend confidence to early adopters of Samsung's technology, creating leading-edge integrated circuits (ICs) in high-performance computing (HPC), smartphones, artificial intelligence accelerators, data center communication, and graphics processors.

Ansys Power Integrity Signoff Solutions Certified for Samsung's 2nm Silicon Process Technology

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Synopsys

Reference flow for Samsung 14LPU technology integrates leading electromagnetic simulation with modern implementation environment for higher predictive accuracy and productivity / Key Highlights New Ansys and Synopsys reference flow for RFIC design developed for Samsung Foundry 14LPU process Collaboration delivers predictive accuracy of Ansys' golden signoff EM analysis with Synopsys' leading Custom Design Flow, providing unmatched quality of results for mutual customers PITTSBURGH , June 28, 2023 /PRNewswire/ -- Recognizing the increasing challenges faced by designers of 5G/6G systems-on-chip (SoCs) and autonomous driving systems, Ansys (NASDAQ: ANSS) and Synopsys, Inc. (NASDAQ: SNPS) announced the availability of a new reference flow for radio-frequency integrated circuit (RFIC) design developed with Samsung Foundry for its 14LPU process technology. The reference flow helps ensure that mutual customers can optimize RFIC designs with Ansys' golden signoff electromagnetic analysis together with Synopsys' comprehensive analog/RF and mixed-signal design and verification solution.

Ansys and Synopsys Accelerate RFIC Semiconductor Design with New Reference Flow for Samsung Technology

Ansys launches new upfront simulation capabilities that help accelerate the development of IoT devices, autonomous vehicles, and 5G applications while improving their efficiency and performance / Key Highlights Ansys Discovery's new high-frequency electromagnetic capabilities encourage companies to shift left – introducing simulation earlier in the design process to a broader set of users Upfront simulation enables companies to evaluate more design concepts, while helping to reduce the need for physical prototyping, testing, and related costs Discovery increases focus on design and ideation, while providing seamless integration to Ansys' greater portfolio for further validation PITTSBURGH , June 27, 2023 /PRNewswire/ -- Ansys (NASDAQ: ANSS) expanded the upfront simulation capabilities in Ansys® Discovery™ to include high-frequency electromagnetics (EM) modeling for antennas. The launch empowers teams to virtually explore several design areas at once — minimizing the need for physical prototyping and testing, which helps accelerate development, reduce costs, and improve performance and efficiency.

Ansys Delivers Early-Stage Antenna Design for IoT and 5G with Integrated Electromagnetics in Ansys Discovery

Seasoned HR professional brings decades of experience to global leader and innovator of engineering simulation software / Key Highlights Kathleen Weslock named as Vice President of Human Resources at Ansys Weslock brings decades of experience in fostering corporate cultures and ability to scale HR organizations PITTSBURGH , June 26, 2023 /PRNewswire/ -- Ansys (NASDAQ: ANSS) has named Kathleen Weslock, an industry veteran with decades of experience in human resources, labor relations, and mergers and acquisitions, as its vice president of human resources. Prior to joining Ansys, Weslock served as the Chief People and Culture Officer at Pep Boys during the American automotive aftermarket service chain's transformation to increase technology adoption in its legacy business.

Ansys Appoints Kathleen Weslock as Vice President of Human Resources

Ansys' customer technical support office will open in August through a partnership with Carnegie Mellon University / Key Highlights Ansys' new customer technical support office will neighbor and partner with Carnegie Mellon University, creating access to advanced engineering talent from CMU-Africa for the Ansys Customer Excellence team Ansys' partnership with CMU-Africa features a shared mission to accelerate the digital transformation and economic development underway across the continent PITTSBURGH , June 22, 2023 /PRNewswire/ -- Ansys (NASDAQ: ANSS), the global leader and innovator of engineering simulation software, is establishing its first physical presence in Africa with a new office in Kigali, Rwanda. Opening in August, the office will expand Ansys' world-class customer support team, servicing Ansys' global customer base out of Kigali Innovation City, a growing Pan-Africa technology hub.

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