Revenue and Financial Performance - Q3 2024 revenue reached $601.9 million, a 31% increase compared to Q3 2023[2] - Total revenue for Q3 2024 was $601.9 million, a 31.2% increase compared to Q3 2023[14] - Total revenue for Q3 2024 increased to $601.892 million, up 31.2% from $458.795 million in Q3 2023[21] - Americas revenue for Q3 2024 reached $306.5 million, representing 50.9% of total revenue, a 40.4% increase YoY[14] - EMEA revenue for Q3 2024 was $137.0 million, accounting for 22.8% of total revenue, with a 12.7% YoY growth[14] - Asia-Pacific revenue for Q3 2024 totaled $158.4 million, making up 26.3% of total revenue, with a 33.2% YoY increase[14] - Direct revenue as a percentage of total revenue increased to 74.6% in Q3 2024, up from 73.5% in Q3 2023[14] - Subscription lease revenue for Q3 2024 was $194.3 million, representing 32.3% of total revenue and an 87.6% increase compared to Q3 2023[13] - Maintenance revenue for Q3 2024 was $306.7 million, accounting for 51% of total revenue[13] - Software licenses revenue grew 70.5% to $276.948 million in Q3 2024 compared to $162.422 million in Q3 2023[21] - Net income for Q3 2024 rose to $128.192 million, a 131% increase from $55.502 million in Q3 2023[21] - Operating income for Q3 2024 increased 131% to $161.538 million from $69.816 million in Q3 2023[21] - Non-GAAP operating income for Q3 2024 was $275.447 million, representing 45.8% of revenue[31] - Gross profit margin improved to 88.5% in Q3 2024 from 85.8% in Q3 2023[31][32] - Total GAAP gross profit is $1,263,592 thousand, representing 86.3% of revenue[34] - Non-GAAP gross profit is $1,334,223 thousand, representing 91.1% of revenue[34] - GAAP operating income for the nine months ended September 30, 2023 is $293,135 thousand, representing 20.0% of revenue[34] - Non-GAAP operating income for the nine months ended September 30, 2023 is $539,698 thousand, representing 36.8% of revenue[34] - GAAP net income for the nine months ended September 30, 2023 is $225,650 thousand, with diluted EPS of $2.58[34] - Non-GAAP net income for the nine months ended September 30, 2023 is $423,991 thousand, with diluted EPS of $4.85[34] Earnings and Profitability - GAAP diluted earnings per share for Q3 2024 was $1.46, while non-GAAP diluted earnings per share was $2.58[2] - Diluted EPS for Q3 2024 was $1.46, up 128% from $0.64 in Q3 2023[21] - Net income for Q3 2024 rose to $128.192 million, a 131% increase from $55.502 million in Q3 2023[21] - Operating income for Q3 2024 increased 131% to $161.538 million from $69.816 million in Q3 2023[21] - Non-GAAP operating income for Q3 2024 was $275.447 million, representing 45.8% of revenue[31] - Gross profit margin improved to 88.5% in Q3 2024 from 85.8% in Q3 2023[31][32] - Total GAAP gross profit is $1,263,592 thousand, representing 86.3% of revenue[34] - Non-GAAP gross profit is $1,334,223 thousand, representing 91.1% of revenue[34] - GAAP operating income for the nine months ended September 30, 2023 is $293,135 thousand, representing 20.0% of revenue[34] - Non-GAAP operating income for the nine months ended September 30, 2023 is $539,698 thousand, representing 36.8% of revenue[34] - GAAP net income for the nine months ended September 30, 2023 is $225,650 thousand, with diluted EPS of $2.58[34] - Non-GAAP net income for the nine months ended September 30, 2023 is $423,991 thousand, with diluted EPS of $4.85[34] Contract Value and Deferred Revenue - Annual Contract Value (ACV) for Q3 2024 was $540.5 million, an 18% increase compared to Q3 2023[2] - Deferred revenue and backlog as of September 30, 2024, stood at $1,463.8 million[2] - Current deferred revenue and backlog as of September 30, 2024, was $902.8 million, up from $774.2 million in the same period last year[15] - Total deferred revenue and backlog reached $1.46 billion as of September 30, 2024, compared to $1.21 billion in the same period last year[15] - Annual Contract Value (ACV) includes annualized value of maintenance, subscription lease contracts, and perpetual licenses[22] - A $300,000 subscription lease contract contributes $100,000 to ACV annually over its 3-year term[25] Cash Flow and Investments - Operating cash flows for Q3 2024 were $174.2 million, an 8.4% increase compared to Q3 2023[5] - Net cash provided by operating activities for the nine months ended September 30, 2024 is $537,767 thousand, compared to $484,400 thousand for the same period in 2023[35] - Unlevered operating cash flows for the nine months ended September 30, 2024 is $567,805 thousand, compared to $512,281 thousand for the same period in 2023[35] - Cash and short-term investments as of September 30, 2024, stood at $1.30 billion, up from $860.4 million at the end of 2023[19] - Stockholders' equity increased to $5.83 billion as of September 30, 2024, from $5.39 billion at the end of 2023[20] Expenses and Costs - Research and development expenses increased 7.4% to $132.320 million in Q3 2024 from $123.223 million in Q3 2023[21] - Stock-based compensation expense for the nine months ended September 30, 2023 is $158,533 thousand, representing 10.7% of revenue[34] - Expenses related to business combinations for the nine months ended September 30, 2023 is $77,002 thousand, representing 5.3% of revenue[34] Risks and Challenges - Potential risks from the proposed transaction with Synopsys, including regulatory approvals, business disruptions, and long-term stock value uncertainty[48] - Macroeconomic challenges such as inflation, recessionary conditions, and equity market volatility impacting operations[48] - Geopolitical risks including trade sanctions, export controls, and impacts from conflicts in the Middle East and Russia-Ukraine[48] - Cybersecurity threats and potential breaches affecting proprietary technology and customer data[48] - Revenue volatility due to multi-year subscription contracts and reliance on high renewal rates[48] - Uncertainty in income tax estimates and changes in tax laws across operating jurisdictions[50] - Investments in global sales, marketing, and acquisitions, with potential impacts from integration challenges and indebtedness[50] - Operational disruptions from remote work transitions and reliance on third-party infrastructure[50] - Plans for future capital spending and potential higher R&D costs[50] Acquisitions and Regulatory Approvals - Ansys and Synopsys received foreign direct investment approvals for the proposed acquisition, with the transaction expected to close in the first half of 2025[3] - Regulatory filings and documentation related to the Synopsys transaction available on SEC and company websites[51][53] Currency and Market Impact - Currency fluctuations had an adverse impact on Q3 2024 revenue, with a $133 thousand negative effect[17]

/ Q3 2024 Results Revenue of $601.9 millionGAAP diluted earnings per share of $1.46 and non-GAAP diluted earnings per share of $2.58GAAP operating profit margin of 26.8% and non-GAAP operating profit margin of 45.8%Operating cash flows of $174.2 million and unlevered operating cash flows of $184.5 millionAnnual contract value (ACV) of $540.5 millionDeferred revenue and backlog of $1,463.8 million on September 30, 2024 PITTSBURGH, Nov. 06, 2024 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ: ANSS), today reported t ...

Ansys won four TSMC 2024 OIP Partner of the Year awards, highlighting excellence in multiphysics analysis solutions for system design using advanced silicon processes and the rapidly evolving 3D-IC and silicon photonics packaging technologies/ Key Highlights Ansys multiphysics analysis solutions are critical to the successful integration and performance of advanced multi-chip packaging and electronic and photonic co-packaged optics in TSMC's compact universal photonics engine (COUPE) Ansys' joint developme ...

Group 1 - ANSYS, Inc. is set to release its third quarter earnings on November 6, 2024, after market close, and has suspended quarterly earnings conference calls due to a pending transaction with Synopsys, Inc. [1] - The acquisition of ANSYS by Synopsys is expected to close in the first half of 2025, pending regulatory approvals, which will combine Synopsys' semiconductor electronic design automation with ANSYS' simulation and analysis capabilities [2] - ANSYS has been a leader in simulation software for over 50 years, enabling innovation across various industries, including sustainable transportation, advanced semiconductors, and medical devices [3]

Core Insights - Ansys Inc.'s multiphysics analysis solutions are utilized by Faraday Technology Corporation for developing advanced designs for multi-die 2.5D/3D integrated circuits, enhancing product performance, reliability, and power efficiency [1][2] - Faraday has launched a new 2.5D/3D-IC advanced package service to address the growing demand in sectors like AI, IoT, and 5G, while also tackling challenges related to signal integrity and power distribution [2][3] - The collaboration between Faraday and Ansys emphasizes the importance of advanced simulation tools in the semiconductor industry, particularly with the integration of Ansys RaptorX for accurate EM modeling [3][4] Company Developments - Ansys maintains a strong position in the high-end design simulation software market, driven by demand in the automotive and high-tech sectors, and has strengthened its collaboration with TSMC to enhance semiconductor technologies [4][5] - A joint effort among Ansys, TSMC, and Microsoft has resulted in a 10X speed-up in photonic simulations, showcasing the effectiveness of using advanced computing technologies [5] - In the last reported quarter, Ansys' revenues increased by 20% year over year to $594.1 million, exceeding estimates, largely due to significant contracts in the automotive and high-tech industries [5][6] Market Position - Ansys currently holds a Zacks Rank of 3 (Hold), with its stock gaining 10.5% over the past year, compared to a 33% growth in the sub-industry [7]

Ansys' certified semiconductor solutions will enable Faraday to shorten design cycles of 2.5D/3D-ICs and ensure designs meet signal integrity and performance goals/ Key Highlights Faraday Technology Corporation will use Ansys RaptorX™ on-chip electromagnetic (EM) modeling solution to enhance the development of advanced packaging designs for 2.5D/3D integrated circuits (ICs)Ansys solutions will enable Faraday to optimize its interposer and multi-die designs, supporting better memory bandwidth, signal integri ...

ANSYS Inc (ANSS) recently expanded its long-standing collaboration with TSMC to transform the semiconductor industry by leveraging artificial intelligence (AI) to advance multiphysics solutions to further develop semiconductor technologies and workflows for high-efficiency designs. The initiative will likely address the complexities of designing chips for modern applications like AI, high-performance computing (HPC), data center connectivity and wireless telecommunications. The partnership aims to streamlin ...

Core Insights - Ansys and TSMC have expanded their collaboration to enhance 3D-IC design productivity using AI-driven solutions, focusing on multiphysics analysis for advanced semiconductor technologies [2][10] - The partnership aims to develop innovative workflows for analyzing 3D-IC, photonic, electromagnetic, and radio frequency designs, which are essential for high-performance computing, AI, and data communication [2][3] Productivity Enhancement with AI - Ansys' AI-driven solutions improve productivity in designing 3D-IC components by automating critical tasks, thus reducing design costs and time-to-market [2][3] - The integration of Ansys optiSLang and RaptorX EM solver allows for quicker identification of optimal design configurations, minimizing the number of electromagnetic simulations required [3] Multiphysics Analysis for Reliability - TSMC is enhancing its collaboration with Ansys to incorporate thermal and mechanical stress analysis into 3D-IC packaging technologies, ensuring reliability in multi-chip manufacturing [5] - The joint development of a multiphysics analysis flow addresses challenges in timing, thermal, and power integrity, helping customers improve power, performance, and area (PPA) [5] COUPE Solution Enablement - TSMC's COUPE technology stacks electronic chips on photonic chips, and Ansys is working to enable a design solution that integrates various physics capabilities for optical data communication [7] - The collaboration includes advanced simulation tools for photonic devices and power delivery networks, ensuring design integrity and performance [8] A16 Enablement - TSMC's new A16 silicon process features innovative backside power contact technology, suitable for AI and HPC applications, with a focus on thermal management for reliability [9] - Ansys is collaborating with TSMC to provide accurate thermal analysis and enhance power integrity and reliability for the A16 process [9]

ANSYS Inc (ANSS) , TSMC and Microsoft (MSFT) have successfully tested a solution that enhances the simulation and analysis process of silicon Photonic Integrated Circuits (PICs). The joined forces have yielded a 10X speed-up in Ansys’ Lumerical FDTD photonic simulations using Microsoft Azure’s NC A100v4-series virtual machines powered by NVIDIA accelerated computing technology operating on Azure AI infrastructure. Silicon PICs (category of optical communications) are a critical component of hyperscale data ...

Big Data refers to vast and diverse collections of structured, unstructured and semi-structured data that inundate businesses on a day-to-day basis. It encompasses the volume of information spurred by digital technology advancements, the velocity or speed at which it is created and collected, and the variety or scope of the data points being covered (known as the "three V's" of Big Data). Over the past few years, three additional V's have gained precedence - value, variability and veracity.By defining big d ...