Ansys beats fourth-quarter estimates on simulation software demand
19/02/2025 21:57
Feb 19 (Reuters) - Ansys ANSS.O beat analysts'
estimates for fourth-quarter revenue and profit on Wednesday,
indicating strength in demand for its artificial
intelligence-based tools and engineering software solutions,
sending its shares up 2% after the bell.
Simulation software is used by engineers, researchers and
chip designers across industries for a quick and effective way
to analyze products virtually before their market launch. Adding
generative AI into the design process helps users save time and
costs.
Ansys, which makes software used in creating products from
airplanes to tennis rackets of players such as Novak Djokovic,
reported revenue of $882.2 million for the quarter ended
December 31.
Analysts, on average, estimated revenue at $863.5 million,
according to data compiled by LSEG.
The Pennsylvania-based company offers AI solutions such as
its customer support chatbot AnsysGPT and a cloud-enabled
product SimAI, which uses simulation results to assess the
performance of a new design within minutes.
Ansys' products compete with Autodesk's ADSK.O Fusion 360,
AutoCAD and Dassault Systemes' DAST.PA Solidworks.
Excluding items, the company earned $4.44 per share in the
fourth quarter, compared with the estimate of $3.93 per share.
Last month, the European Commission approved Ansys' takeover
by chip design software maker Synopsys SNPS.O , with conditions
to the $35 billion cash-and-stock deal announced in January
2024.
To relieve competition concerns resulting from the deal, the
commission said both companies have agreed to divest Synopsys'
optics and photonics software and Ansys' PowerArtist software.
Ansys agreed to sell PowerArtist — a tool used to analyze
and reduce power to enable power-efficient design — to
electronic equipment maker Keysight Technologies KEYS.N this
January.
(Reporting by Juby Babu in Mexico City; Editing by Shilpi
Majumdar)
((Juby.Babu@thomsonreuters.com))