Certification of Ansys power integrity platforms includes revolutionary new technology for power distribution on advanced chips / Key Highlights Ansys RedHawk-SC™ and Ansys Totem™ power integrity platforms are certified for Samsung's SF2Z manufacturing technology Ansys solutions enable early adopters to reliably design leading-edge semiconductor products for high-performance computing (HPC), smartphones, artificial intelligence (AI), data center communication, and graphics processors PITTSBURGH, June 26, 2 ...

Ansys is developing thermal management technology for the Intel 18A silicon process to enable HPC, graphics, and AI products supporting U.S. national security applications / Key Highlights Ansys joins the Intel Foundry Accelerator United States Military, Aerospace, and Government (USMAG) Alliance to deliver secure design methodologies and flows for U.S. security applications Ansys deepens its technical collaboration with Intel Foundry – enhancing Ansys Redhawk-SC™ to deliver a comprehensive thermal managem ...

Ansys (ANSS) recently launched Ansys ConceptEV, a modern software-as-a-service (SaaS) solution, which provides a comprehensive, model-based approach to EV powertrain design.ConceptEV empowers system and component engineers to collaborate on a shared system model, enabling them to make informed design decisions on the whole powertrain concept.For designing a highly efficient EV powertrain, the components are required to be designed and optimized as part of the system. EV powertrains are highly complicated sy ...

Ansys (ANSS) is leveraging NVIDIA Corporation’s (NVDA) Omniverse application programming interfaces (APIs). This will “supercharge” the design of 3D integrated circuits (3D-ICs) through the integration of Ansys' multiphysics simulation capabilities with the Omniverse platform.NVDA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence (AI) based solutions tha ...

ConceptEV optimizes the development of electric vehicle powertrains for improved driving range and battery charge times/ Key HighlightsAnsys ConceptEV™, a software-as-a-service (SaaS) solution tailor-made for the automotive concept design stage, delivers simultaneous optimization of electric vehicle (EV) powertrain architectures and components including the battery, inverter, motor, and transmissionThe solution complements existing simulation workflows, empowering system and component design engineering tea ...

Ansys to demonstrate 3D multiphysics visualization of electromagnetic and thermal effects in semiconductor packages at Design Automation Conference / Key Highlights Existing Ansys capabilities with NVIDIA Omniverse platform supercharge 3D integrated circuit (3D-IC) design by enabling designers to optimize semiconductor chips within the context of a system-on-a-chip By transforming data into meaningful visual insights, the Ansys multiphysics platform empowers IC designers to interact with models of electroma ...

Ansys (ANSS) announced that its shareholders have voted to approve the proposed acquisition by Synopsys. The terms of the agreement outline that Ansys shareholders will receive $197 in cash along with 0.3450 shares of Synopsys common stock for each Ansys share.Ansys added that about 98.7% of the shareholders voted in favor of the acquisition, which represented approximately 83.8% of the total outstanding shares of the company’s common stock. This deal, valued at approximately $35 billion, reflects an implie ...

Represents Key Milestone Toward Completion of Transaction with Synopsys PITTSBURGH, May 22, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS) announced that at the special meeting of stockholders (the "Special Meeting") held earlier today, its stockholders voted to approve the proposed acquisition of Ansys by Synopsys, Inc. (NASDAQ: SNPS). Under the terms of the merger agreement, Ansys stockholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share they own, represent ...

Collaboration enables accelerated materials discovery to optimize product development/ Key Highlights Ansys and Schrödinger are collaborating to develop an integrated computational materials engineering (ICME) approach to product development that infuses virtual materials discovery into the early stages of design The predictive accuracy of Ansys multiphysics solutions combined with Schrödinger's materials solutions help engineers identify suitable materials for their designs before manufacturing begins PIT ...

Financial Performance - Total revenue for Q1 2024 was $466.6 million, a decrease of 8.4% compared to $509.4 million in Q1 2023[20] - Net income for Q1 2024 was $34.8 million, a decline of 65.5% from $100.6 million in Q1 2023[20] - Operating income fell to $43.3 million, down 66.0% from $127.7 million year-over-year[20] - Earnings per share (EPS) for Q1 2024 was $0.40, compared to $1.16 in Q1 2023, reflecting a decrease of 65.5%[20] - Comprehensive income for Q1 2024 was $12.8 million, significantly lower than $113.9 million in Q1 2023, primarily due to foreign currency translation adjustments[23] - GAAP operating income decreased by 66.1%, while non-GAAP operating income fell by 26.0% for the same period[108] - GAAP diluted earnings per share dropped by 65.2%, and non-GAAP diluted earnings per share decreased by 24.9% year-over-year[108] Revenue Breakdown - Software licenses revenue decreased to $160.3 million, down 26.8% from $219.2 million in the same period last year[20] - Subscription lease licenses revenue decreased to $94.8 million from $147.9 million, while perpetual licenses revenue decreased to $65.5 million from $71.2 million[42] - Maintenance revenue increased to $289.3 million from $268.6 million, and service revenue decreased to $16.9 million from $21.7 million[42] - The Americas region experienced a revenue decline of 18.8%, while Asia-Pacific saw a growth of 6.0% in the same period[122] - International revenue accounted for 57.1% of total revenue in Q1 2024, up from 51.6% in Q1 2023[138] Cash Flow and Investments - Cash and cash equivalents at the end of Q1 2024 increased to $1.05 billion, up from $507.7 million at the end of Q1 2023[26] - The company reported a net cash provided by operating activities of $282.8 million, an increase from $260.8 million in the prior year[26] - Cash, cash equivalents, and short-term investments increased by $210.2 million (24.4%) from $860.4 million on December 31, 2023, to $1,070.6 million on March 31, 2024[167] - Net cash used in investing activities decreased by $94.0 million (73.2%) from $(128.4) million for the three months ended March 31, 2023, to $(34.4) million for the same period in 2024[172] - Net cash used in financing activities decreased by $186.2 million (77.3%) from $(240.8) million for the three months ended March 31, 2023, to $(54.6) million for the same period in 2024[173] Expenses - Research and development expenses increased to $128.8 million, up from $120.3 million in Q1 2023, indicating a focus on innovation[20] - Selling, general and administrative expenses rose to $219.6 million, representing 47.1% of revenue, compared to 37.0% in Q1 2023[146] - Increased operating expenses in Q1 2024 were primarily due to higher personnel and acquisition costs related to the Merger Agreement with Synopsys[106] Debt and Financing - The carrying value of the term loan as of March 31, 2024, was $754.0 million, with no principal payments due in the next twelve months[175] - The weighted average interest rate for the three months ended March 31, 2024, was 6.32%, compared to 5.56% for the same period in 2023[82] - Outstanding term loan borrowings amounted to $755.0 million as of March 31, 2024[186] Strategic Developments - Ansys entered into a merger agreement with Synopsys, expected to close in the first half of 2025, pending regulatory approvals[34] - A strategic equity investment agreement was entered into on December 5, 2023, with a purchase price of $300 million expected to close in 2024[47] - The company’s strategy focuses on expanding the use of simulation across product lifecycles and increasing accessibility to a broader user base[98] Market Conditions - Future performance may be impacted by macroeconomic conditions, including inflation and geopolitical factors, which could affect business operations and strategic transactions[126] - The engineering simulation software market is experiencing growth driven by trends such as electrification, autonomy, and sustainability[100] Tax and Legal Matters - The effective tax rate for the three months ended March 31, 2024, was 15.1%, down from 16.7% for the same period in 2023[85] - The company is subject to potential tax charges of $7.2 million related to pending service tax audits in India, although a reserve has not been recorded as the charges are not deemed probable[94] - The company is subject to various legal proceedings, but the resolution of these matters is not expected to have a material adverse effect on its financial position[193] Workforce - The company employed 6,200 people as of March 31, 2024, maintaining the same workforce level as of December 31, 2023[97]