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FLEX - Flex News Story

$17.42 0.7  4.2%

Last Trade - 13/05/21

Large Cap
Market Cap £5.94bn
Enterprise Value £6.76bn
Revenue £17.17bn
Position in Universe 1021st / 6856

New Relic, Ansys, Flex set to benefit from AI demand -Barron's

Mon 4th September, 2017 12:28am
NEW YORK, Sept 3 (Reuters) - Software tool makers New Relic 
 NEWR.N  and Ansys  ANSS.O , along with contract electronics 
maker Flex  FLEX.O , are set to be "arms merchants" benefiting 
from new trends in product development, Barron's said on Sunday. 
    Years from now, artificial intelligence techniques will help 
invent software products, which will be a boon to tech vendors 
such as New Relic, Ansys and Flex, according to Barron's. 
    Barron's said the companies would capture the rising demand 
for artificial intelligence in several ways: Flex is moving 
beyond assembling products and instead helping clients think 
through initial design; Ansys is making its wares more 
affordable; and New Relic is moving beyond its current business 
of supplying products that monitor and manage the health of 
programs running websites.  
    The next wave is smart software that tests and refines 
products before humans get involved, allowing products to get to 
market faster, Barron's said.  
 (Reporting by Michael Flaherty; Editing by Peter Cooney) 
 ((michael.flaherty@thomsonreuters.com; 646-223-6116; Reuters 
Messaging: michael.flaherty.thomsonreuters.com@reuters.net)) 
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