Ansys (ANSS) surpassed Wall Street’s expectations for fourth-quarter revenue and profit, propelled by heightened demand for its engineering software solutions. The Pittsburgh-based company witnessed a nearly 2% increase in its shares during extended trading following the announcement.<\/p>\n\n\n\n
Ansys specializes in simulation software utilized by engineers, chip designers, and researchers across various industries to analyze products for real-world applications. Its products compete with offerings from Autodesk and Dassault Systems.<\/p>\n\n\n\n
Additionally, Ansys expanded its offerings to include artificial intelligence solutions, such as the AnsysGPT customer support chatbot and cloud-enabled product SimAI. These initiatives aim to extend AI functionality for its users.<\/p>\n\n\n\n
Brokerage firm Oppenheimer expressed confidence in Ansys’ performance, highlighting sustained double-digit software revenue growth within the industry.<\/p>\n\n\n\n
For the fourth quarter, Ansys reported revenue of $805.1 million, surpassing analysts’ average estimate of $797.4 million. Adjusted earnings per share stood at $3.94, outperforming the estimated $3.71 per share.<\/p>\n\n\n\n
Furthermore, Ansys announced Rachel Pyles as its incoming CFO, effective February 22, succeeding Nicole Anasenes. The company is set to merge with Synopsys in a $35-billion cash-and-stock deal, expected to conclude in the first half of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ansys (ANSS) surpassed Wall Street’s expectations for fourth-quarter revenue and profit, propelled by heightened demand for its engineering software solutions. The Pittsburgh-based company witnessed a nearly 2% increase in its shares during extended trading following the announcement. Ansys specializes in simulation software utilized by engineers, chip designers, and researchers across various industries to analyze products […]<\/p>\n","protected":false},"author":1,"featured_media":1372,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[361,311],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1375"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=1375"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1375\/revisions"}],"predecessor-version":[{"id":1376,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1375\/revisions\/1376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1372"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=1375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=1375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=1375"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=1375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}