Ansys (ANSS) consistently impresses with its financial performance, it beat Q3 earnings and revenue estimates. Their revenue soared to
$601.9M, and the company delivered a GAAP EPS of
$1.46. On the downside, there were instances of the stock underperforming compared to competitors and the market at large.
Principal Financial Group Inc. and
Gulf International Bank UK Ltd amongst others, reduced their holdings in the firm. Meanwhile,
M&G Plc,
Robert W. Baird, and
Forsta AP Fonden appeared to be betting on the stock's strength, increasing their stakes. Synopsys expressed their interest in acquiring Ansys for
$35 billion, which when successfully completed will create a Silicon-to-Systems design leader. Such a deal however, is under scrutiny by UK regulators and is awaiting approval from China. In other news, Ansys partnered with
TSMC and
Microsoft to enhance simulations, teamed up with
Super Micro and
Nvidia to advance simulation efficiency, and joined the
BAE Systems' Mission Advantage Program.
Ansys ANSS News Analytics from Fri, 22 Dec 2023 08:00:00 GMT to Sat, 09 Nov 2024 12:19:52 GMT -
Rating 4
- Innovation 3
- Information 6
- Rumor -3
