Core Insights - Ansys Inc.'s security division, Ansys Government Initiatives (AGI), secured a contract to provide digital engineering solutions to the Microelectronics Commons, a collaborative effort aimed at transforming the U.S. microelectronics landscape [1][2][3] Group 1: Contract and Collaboration - The deal allows 90% of Ansys' advanced simulation suite to be accessible to the Commons network, which includes cutting-edge semiconductor, electronics, and photonics products [2] - The Microelectronics Commons, supported by the Department of Defense, aims to tackle challenges in microelectronics manufacturing, particularly by enhancing research and innovation capabilities [3] Group 2: Workforce Development and Training - Ansys will provide its Ansys Learning Hub to participating technology hubs, enabling academic institutions to train future semiconductor professionals in critical areas such as 5G/6G, AI, and quantum technology [4] Group 3: Financial Performance - In the last reported quarter, Ansys achieved a 31.2% year-over-year revenue increase, totaling $601.9 million, exceeding the Zacks Consensus Estimate by 13.3% [7] - The growth was largely attributed to strong performance in multi-year lease agreements, including a significant $88 million deal in the high-tech sector [7] Group 4: Acquisition and Market Position - Ansys has refrained from providing financial guidance due to its pending acquisition by Synopsys, which has been approved by Ansys shareholders [8] - The company's stock has gained 17.8% over the past year, slightly outperforming the sub-industry's growth of 17.7% [9]

Core Insights - The Microelectronics Commons network, funded by the CHIPS Act, aims to enhance domestic semiconductor manufacturing through collaboration among regional technology hubs [1][2] - Ansys has been awarded a contract to provide digital engineering solutions to the Commons, granting access to nearly 90% of its simulation suite to drive microelectronics innovation [1][2] - The initiative focuses on critical areas such as 5G/6G, AI, EM spectrum dominance, IoT computing, and quantum technologies, with Ansys playing a key role in workforce development and prototyping [1][3] Group 1 - The Commons network consists of eight regional technology hubs aimed at fostering domestic innovation in various advanced technologies [1] - Ansys will support six of these hubs through the Cross Hub Enablement Solution (CHES) program, enhancing the microelectronics technology supply chain [1] - Ansys Government Initiatives will collaborate with industry, academic, and government organizations to produce mature prototypes, demonstrating the lab-to-fab concept [1][2] Group 2 - Ansys will provide the Ansys Learning Hub to participating technology hubs, facilitating education in semiconductor workforce development [3] - The initiative is crucial for maintaining U.S. intellectual property and market influence, thereby enhancing national security [3] - Ansys emphasizes the importance of bridging the gap between research and practice to accelerate domestic prototyping in the semiconductor sector [4] Group 3 - Ansys has extensive experience working with chip manufacturers and designers, reinforcing its commitment to improving national distribution and access to critical resources [4] - The collaboration aims to solidify the U.S. position as a global leader in the semiconductor industry [4] - Ansys' mission is to power innovation that drives human advancement through predictive simulation across various industries [5]

Group 1: Collaboration and Technology - ANSYS Inc. collaborates with Vertiv to leverage digital engineering technologies for designing next-generation data center cooling systems, aiming to reduce development time and costs while enhancing customization [1][4] - The heat exchanger (HX) coil is a critical component in data center thermal management, and its design is complex and time-consuming, but ANSYS technology allows Vertiv to design them more quickly and accurately [2][3] - ANSYS provides a suite of digital tools, including Minerva and optiSLang, which streamline the design process and enhance collaboration among teams [3][4] Group 2: Market Position and Financial Performance - ANSYS maintains a strong position in the high-end design simulation software market, with steady demand from the automotive and high-tech industries, and its software is widely used by major manufacturing companies [5] - In the last reported quarter, ANSYS' revenues increased by 31.2% year over year to $601.9 million, surpassing the Zacks Consensus Estimate by 13.3%, driven by robust multi-year lease growth [7] - ANSYS secured an $88 million deal in the high-tech industry, significantly contributing to its multi-year lease agreements and reinforcing its market presence [7] Group 3: Strategic Partnerships - ANSYS has deepened its partnership with TSMC to utilize AI for improving semiconductor technologies and workflows, achieving a 10X speed boost in photonic simulations through collaboration with Microsoft and NVIDIA [6] - The collaboration with TSMC and Microsoft enhances the simulation capabilities for silicon Photonic Integrated Circuits, showcasing ANSYS' commitment to innovation in the semiconductor space [6] Group 4: Acquisition and Stock Performance - ANSYS has not issued an outlook due to its pending acquisition by Synopsys, which has received approval from ANSYS shareholders [8] - Currently, ANSYS holds a Zacks Rank 3 (Hold), with its shares gaining 9.9% over the past year, compared to a 14.4% growth in the sub-industry [9]

ANSYS Inc (ANSS) reported third-quarter 2024 earnings of $2.58 per share, beating the Zacks Consensus Estimate by 37.2%. The bottom line also increased 83% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $601.9 million beat the Zacks Consensus Estimate by 13.3%. The top line rose 31.2% year over year on both reported and constant currency basis. This revenue growth was driven by solid multi-year lease growth. ANSS closed an $88 million contract in the high ...

Ansys (ANSS) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.23%. A quarter ago, it was expected that this maker of engineering-simulation software would post earnings of $1.94 per share when it actually produced earnings of $2.50, delivering a surprise of 28.87%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 0-20853 ANSYS, Inc. (Exact name of registrant as specified in its charter) Delaware 04-3219960 (State or ot ...

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 ...

PITTSBURGH, Oct. 17, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS) announced today that the Company expects to release its third quarter earnings on Wednesday, November 6, 2024, after the market closes. As previously announced, in light of the pending transaction with Synopsys, Inc. (Synopsys), Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.After the market closes on Wednesday, November 6, 2024, you can find the following information on the inve ...