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Yahoo
30-04-2025
- Business
- Yahoo
Ansys posts lower-than-expected quarterly profit, revenue
(Reuters) -Ansys reported first-quarter revenue below Wall Street estimates on Wednesday, impacted by weak enterprise spending for its simulation software amid an uncertain economy. Shares of the Pennsylvania-based company fell 5% after the bell. The uncertainty has led to businesses cutting back on spending and U.S. export restrictions on China weighing on the demand for companies like Ansys. The company, which makes software used in creating products from airplanes to tennis rackets, is being bought by larger rival Synopsys and the deal is expected to close in the first half of 2025. Ansys posted revenue of $504.9 million for the quarter ended March 31, below analysts' estimates of $520.9 million, according to data compiled by LSEG. On an adjusted basis, the company earned $1.64 per share, falling short of estimates $1.68 per share. Ansys 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 in minutes. Sign in to access your portfolio
Reuters
30-04-2025
- Business
- Reuters
Ansys posts lower-than-expected quarterly profit, revenue
April 30 (Reuters) - Ansys (ANSS.O), opens new tab reported first-quarter revenue below Wall Street estimates on Wednesday, impacted by weak enterprise spending for its simulation software amid an uncertain economy. Shares of the Pennsylvania-based company fell 5% after the bell. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. The uncertainty has led to businesses cutting back on spending and U.S. export restrictions on China weighing on the demand for companies like Ansys. The company, which makes software used in creating products from airplanes to tennis rackets, is being bought by larger rival Synopsys (SNPS.O), opens new tab and the deal is expected to close in the first half of 2025. Ansys posted revenue of $504.9 million for the quarter ended March 31, below analysts' estimates of $520.9 million, according to data compiled by LSEG. On an adjusted basis, the company earned $1.64 per share, falling short of estimates $1.68 per share. Ansys 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 in minutes.
Reuters
19-02-2025
- Business
- Reuters
Ansys beats fourth-quarter estimates on simulation software demand
Feb 19 (Reuters) - Ansys (ANSS.O), opens new tab 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), opens new tab Fusion 360, AutoCAD and Dassault Systemes' ( opens new tab 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), opens new tab, 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), opens new tab this January.
