PITTSBURGH - Ansys (NASDAQ: NASDAQ:ANSS), a $29.5 billion technology company with impressive gross profit margins of 92%, has announced the integration of its AVxcelerate Sensors simulation software into the Automated Driving Perception Hub (ADPH), a collaboration with Cognata and Microsoft (NASDAQ:MSFT). According to InvestingPro data, the company maintains strong financial health with robust growth metrics. The platform, which runs on Microsoft Azure and utilizes AMD (NASDAQ:AMD) EPYC processors and Radeon PRO GPUs, provides a virtual environment for testing and validating automotive sensors used in advanced driver assistance systems (ADAS) and autonomous vehicles (AV).
The ADPH platform offers a web-based solution for original equipment manufacturers (OEMs) to access a library of certified virtual sensor models, including thermal cameras, radar, and LiDAR systems. This enables OEMs and sensor manufacturers to test and validate their sensors against diverse industry standards set by organizations such as the National Highway Traffic Safety Administration (NHTSA) and the New Car Assessment Program (NCAP).
With the addition of Ansys' AVxcelerate Sensors, the platform now includes physics-based radar models that can simulate electromagnetic (EM) wave propagation, enhancing signal strength and accuracy for radar-based ADAS and AV systems. This allows for the creation of virtual twins of sensors, improving the predictive accuracy of performance evaluations.
Danny Atsmon, CEO at Cognata, expressed enthusiasm for the integration of Ansys' radar simulation technology into the ADPH platform, citing the enhanced accuracy it brings to sensor validation. Shane Emswiler, vice president of products at Ansys, highlighted the importance of the collaboration in streamlining the safety validation process for the industry as it moves towards fully autonomous driving.
Microsoft's Nidhi Chappell, Vice President of Azure AI Infrastructure, also commented on the collaboration, emphasizing Microsoft's commitment to providing cloud infrastructure that supports the development and validation of ADAS and autonomous vehicle technologies.
The announcement reflects the ongoing efforts by Ansys, Cognata, and Microsoft to advance the field of autonomous driving by providing innovative solutions for the testing and validation of automotive sensors. This collaboration aims to ensure that the automotive industry can meet strict regulatory standards while fostering the development of safe and reliable ADAS and AV systems. With a solid current ratio of 3.11 and revenue growth of 14.3%, InvestingPro analysis suggests Ansys is well-positioned to maintain its market leadership. Subscribers can access 10+ additional ProTips and detailed financial metrics to better understand the company's growth trajectory.
This report is based on a press release statement from Ansys.
In other recent news, Synopsys (NASDAQ:SNPS)' $35 billion acquisition of Ansys is anticipated to receive approval from EU antitrust regulators. This comes after Synopsys' commitment to divest two of its assets, the Optical Solutions Group and Ansys PowerArtist, to alleviate competition concerns. Meanwhile, the UK's Competition and Markets Authority has also raised questions about the deal's potential impact on competition in the supply of semiconductor chip design and light simulation products.
In addition to the merger developments, Ansys has reported an 18% year-over-year increase in its Annual Contract Value (ACV), surpassing Baird's estimates by 5% and the consensus by 7%. In response to these strong results, Baird has raised Ansys' target to $365. Furthermore, Ansys has expanded its partnership with Cummins Inc (NYSE:CMI). for advancing sustainable and efficient power solutions.
These recent developments indicate Synopsys and Ansys' commitment to navigating regulatory hurdles and driving growth through strategic partnerships and strong financial performance.
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