The Q4 Earnings report of Ansys (ANSS) significantly surpassed expectations, both in earnings per share (EPS) and revenue. The company reported adjusted EPS of $4.44, beating FactSet's estimate of $3.95. Q4 revenue also exceeded estimates, standing at $882.2M whereas EPS missed at $3.21. Citigroup increased ANSS' price target from $361 to $371. The 2025 R1 by ANSS unveiled various enhancements in areas such as AI, cloud, and data-driven engineering.
There were developments around the acquisition by Synopsys, including some regulatory scrutiny. Synopsys' $35 billion Ansys deal was given green light by the EU under conditions. Ansys and Cognata's partnership enables robust ADAS/AV sensor testing on Microsoft Azure. In addition, Ansys collaborated with Sony Semiconductor Solutions to improve scenario-based perception testing in autonomous vehicles. Other collaborations include with TSMC and Microsoft and the selling of the PowerArtist business to Keysight Technologies.
Ansys also implemented various improvements in multiphysics across industries and engineering sectors with its 2024 R2. And finally, reports indicate that the long-awaited Synopsys, Ansys merger moved forward and awaits approval from China.
Ansys ANSS News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Fri, 21 Feb 2025 13:45:20 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -1
