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Ansys ended 2022 on a positive note after delivering an all-around beat and surpassed its financial guidance across all key metrics, including earnings per share, operating margin, revenue, and ACV. Operating margin was impacted positively by outperforming revenue. Each of the company's go-to-market customer segments, enterprise volume, and strategic accounts grew by double-digits. The top contributors were automotive, ground transportation, defense, aerospace, semiconductor, and Hi-tech. ACV is
Companies: ANSYS, Inc. (ANSS:NAS)ANSYS (ANSS:NYSE)
Baptista Research
Ansys delivered a positive quarterly result with a strong performance on most key metrics, including revenues, earnings per share, operating margins, and ACV. The company surpassed market expectations on each of these metrics. Semiconductor and high-tech, automotive and ground transportation, and aerospace and defense were again the largest contributors in this quarter. From the geographic perspective, Ansys saw quite a strong growth from EMEA and Asia Pacific. The startup program of the company
This was an excellent quarter for Ansys, where the company managed to surpass Wall Street expectations in terms of revenues as well as earnings. It performed reasonable well on all key metrics including operating margin, ACV, and revenue. Ansys recently onboarded another international OEM through a multimillion-dollar agreement where its solutions would be used for autonomous driving, electromagnetic interference, and enterprise-level materials intelligence. From the geographical perspective, th
Companies: ANSYS, Inc. (ANSS:NAS)ANSYS, Inc. (0HG3:LON)
Ansys witnessed a strong ACV growth in the recent quarterly result and its performance was good. The company’s strategy to make simulation pervasive all over the life cycle of a product, its multi-physics product leadership, and its robust customer relationships, combined with continued investment in R&D of consumers, are driving demand for the multi-physics solution of Ansys. Ground and automotive transportation sectors, defense, aerospace, semiconductor, and high-tech are the largest contribut
Engineering and software provider, Ansys delivered another decent result with a 21% increase in the top-line, driven by sturdy performance in the semiconductor and high tech verticals. The backlog and deferred revenues of the company have grown 2.2% to $899.5 million, rendering foreseeability to its future. The company has seen a strong growth in revenues over the past five years with a consistently high operating margin, often above the 40% threshold. It is worth highlighting that Ansys has a s
In the new metaverse era, there is a definite scope for software companies that have the ability to bridge the gap between the digital and the real world. This presents an excellent macro-economic scenario for computer aided design and simulation companies like Ansys and Cadence. Both these players have progressed leaps and bounds from a technological standpoint and have given rival, Autodesk a run for its money. It will be interesting to compare their financial metrics side by side in order to
Companies: ANSS 0HG3 0HS2 CDNS
Engineering software provider, Ansys delivered a decent result with a 21% increase in the top-line driven by a strong performance in the high tech and semiconductor verticals. The company has a particularly strong base of small and medium-sized customers which has revived post the impact of the Covid-19 and this economic revival is a tailwind for Ansys. The company also saw its deferred revenues and backlog grow 2.2% to $899.5 million rendering a foreseeability to its future. Apart from technolo
Ansys has reached the target price from our last report as the company was comfortably able to beat its financial guidance across all its key metrics in the recent Q2 result. Its total revenue for Q2 rose by nearly 16% in constant currency and a major green flag was the ACV (Average Contract Value) of $430.5 million increased year-over-year by a staggering 25% (and 23% in constant currency). The company currently has a balance of GAAP deferred revenue and backlog of $927.1 million, a 10% increas
Research Tree provides access to ongoing research coverage, media content and regulatory news on ANSYS, Inc.. We currently have 92 research reports from 3 professional analysts.
Interims to January are in line with the February TU, and materially unchanged forecasts for the FY July 2024. After the well flagged expected 1H24 revenue movement of -7% (vs 1H23 which had been strengthened by c£2m perpetual licence sales in the US), prospects for the second half are supported by several new contracts that will generate revenue in 2H24, in addition to material contract delivery milestones from existing large projects such as major TRACS Enterprise, Railhub deployments, and Rem
Companies: Tracsis plc
Cavendish
Eleco’s FY23 results show robust organic recurring revenue growth of +17% with recurring revenue +22% to £20.7m, adj EBITDA +2% ahead of the January update, and a confident outlook with Q1 ARR already at £24.5m vs £22.6m at FY23. At this point, the excellent start to FY24 leads us to reiterate our FY24-26E revenue, adj EBITDA, EFCF, and DPS, and we include the April 2024 acquisition of Vertical Digital in our FY24-26E net cash, as we explain below. As Eleco builds upon the successful acquisition
Companies: Eleco Plc
Made Tech has won a material expansion (worth up to £19.5m/2yrs) with a long-standing customer, The Department for Levelling Up, Housing and Communities (“DLUHC”). Coming off the back of a soft H1 bookings performance, we expect this win to materially boost investor sentiment and reassure how notwithstanding a tough backdrop (given an impending general election) MTEC continues to outcompete legacy providers and in-so-doing, grow its share of wallet with large/strategic customers. Landing near FY
Companies: Made Tech Group PLC
Singer Capital Markets
Companies: 88E CNC FTC TRCS HEIQ CREO ZAM
Companies: 1Spatial Plc
Liberum
Following the updated guidance published last week, Alphawave reported a 74% YoY increase in revenue to US$321.7m for FY23 generating adjusted EBITDA of US$62.6m, up 34% YoY. As previewed, bookings in 1Q24 were strong at US$117.9m, up 20% YoY and ahead of guidance. The results release and conference call confirm that revised guidance mainly reflects a more conservative approach to revenue recognition under new CFO, Rahul Mathur, and an acceleration in the pace at which Alphawave is pivoting away
Companies: Alphawave IP Group PLC
Capital Access Group
Companies: Cerillion Plc
tinyBuild’s FY23 results confirmed a sharp drop in revenue and swing into adjusted EBITDA losses, as well as asset impairments and high cash burn. After already making $10m of annualised cost savings, the company continues to run-down its cash balance and now relies on a H2-weighted release schedule to reduce cash outflows.
Companies: tinyBuild Inc.
Zeus Capital
Cerillion has announced a very solid update, as H1 sales and EBITDA are both up 10% y/y to £22.5m and £10.9m respectively, notwithstanding the exceptionally strong base period (sales and EBITDA +27% and +38% resp.). Results therefore point to continued strong customer demand, reflecting how Cerillion’s out-of-the-box product continues to resonate and gain adoption, particularly in a ‘budget conscious’ environment, by offering faster time to market, greater configurability and at a lower cost. Me
Companies: Synectics PLC
Shore Capital
24th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi
Companies: FTC AGL SRT SOU G4M AOM SUP
Hybridan
As reported in March, underlying EBITDA profitability improved to record levels despite FX headwinds. Further platform and proposition developments were completed, key steps on its digital roadmap, and it has already won 7 contracts YTD. Alongside planned growth in private membership, this will at least offset the loss of one contract. Forecasts are left unchanged today and, as member engagement throttles back up, FX headwinds ease, and proof points of digital efficiency emerge, markets should b
Companies: Ten Lifestyle Group PLC
itim is a disruptive SaaS-based platform that enables store-based retailers to implement a proven Omni-channel solution. This morning, the group has announced an additional professional services contract with its long-standing client, The Entertainer. Following a year-long trial, The Entertainer is opening in over 800 Tesco stores across the UK & Ireland, alongside a supplier agreement for Tesco stores across Central Europe. Under the contract, The Entertainer will extend its use of itim's Unify
Companies: Itim Group PLC
WHIreland
Alphawave Semi has reduced guidance for FY23 and prospectively citing lower revenues from China, changes in expected revenue recognition from long-term contracts, and continuing investment in R&D. The share price has reacted negatively, giving up most of the gains since the trading statement at the end of January. Current consensus, which is a good match for pre-existing guidance, should be reduced, most likely following release of the FY23 results and full 1Q24 trading update due on 23 April. H
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