PITTSBURGH, Pa. - Ansys (NASDAQ: NASDAQ:ANSS) has announced a collaboration with hardware firms Supermicro and NVIDIA (NASDAQ:NVDA) to deliver turnkey solutions that significantly accelerate Ansys multiphysics simulation capabilities. This partnership aims to optimize hardware specifically for Ansys's simulation software, allowing for speed improvements of up to 1,600 times in computational tasks.
The collaboration focuses on providing flexible configurations of hardware that are fine-tuned to support the complex computations required by Ansys software. Engineers using Ansys solutions can expect to achieve faster time-to-market and enhanced design exploration in diverse fields such as automotive crash testing, aerospace engine simulations, telecommunications antenna design, and biopharmaceutical development.
Testing between Ansys and Supermicro has shown that one NVIDIA GPU can replicate the performance of up to 1,500 CPU cores when running Ansys Fluent™ and 480 CPU cores for Ansys Rocky™. Remarkable speed-ups have also been noted across other Ansys products, including a 1,600x increase for Ansys optiSLang AI+™, and various other improvements for their Mechanical, HFSS, Perceive EM, Rocky, and LS-DYNA software.
The use of NVIDIA's GPUs, including the NVIDIA H100 and L40S, as well as the NVIDIA Grace CPU Superchip, has been instrumental in achieving these performance enhancements. The integration of NVIDIA's technology with Supermicro's energy-efficient servers is also expected to reduce both overhead costs and energy consumption for engineering teams.
Ansys's senior vice president of products, Shane Emswiler, emphasized the company's commitment to enhancing simulation capabilities in collaboration with NVIDIA, and the move towards supporting advanced configurations with NVIDIA's Blackwell and Hopper superchips.
NVIDIA's director of data center product solutions, Dion Harris, highlighted the mutual benefits of the partnership, with Ansys simulation solutions contributing to the development of NVIDIA's AI superchips, and NVIDIA's technology, in turn, driving Ansys's simulation performance forward.
The advancements from this collaboration are poised to unlock deeper insights and enable significant technological developments across various industries. This information is based on a press release statement from Ansys.
In other recent news, Ansys has unveiled ConceptEV, a software-as-a-service offering aimed at optimizing the design of electric vehicle powertrains. In a significant development, Ansys was acquired by Synopsys (NASDAQ:SNPS) in a $35 billion deal.
In addition, Ansys has announced the introduction of Ansys Access on Microsoft (NASDAQ:MSFT) Azure, a service that allows customers to run Ansys's high-performance computing products on Azure's cloud infrastructure.
Ansys has also partnered with Taiwan Semiconductor Manufacturing Company to enhance chip communication technologies, focusing on the development of a multiphysics platform for Silicon Photonics applications.
Furthermore, at the 2024 Annual Meeting of Stockholders, shareholders re-elected three directors to the company's board and ratified the appointment of Deloitte & Touche LLP as Ansys's independent registered public accounting firm for the fiscal year 2024.
These recent developments highlight Ansys's continuous efforts to innovate and collaborate in the field of engineering simulation software.
InvestingPro Insights
As Ansys (NASDAQ: ANSS) leverages its partnership with Supermicro and NVIDIA to enhance simulation speeds dramatically, investors and analysts are closely monitoring the company's financial health and market position.
Ansys's commitment to innovation is reflected in its impressive gross profit margin, which stood at 91.54% for the last twelve months as of Q1 2024. This indicates a strong ability to manage costs and maximize profitability from its revenue, which is essential as the company invests in advanced technological collaborations.
With a market capitalization of 27.96 billion USD, Ansys is a significant player in the software industry. However, it is trading at a high earnings multiple, with a P/E ratio of 66.51, which suggests high investor expectations for future earnings growth.
This is further reinforced by the fact that analysts predict the company will be profitable this year, as it has been over the last twelve months. Moreover, Ansys's stock generally trades with low price volatility, providing a level of stability for investors amidst market fluctuations.
For those interested in deeper financial analysis and additional insights, InvestingPro offers a variety of metrics and expert tips. Currently, there are 12 more InvestingPro Tips available for Ansys, which can be accessed at https://www.investing.com/pro/ANSS.
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