ANSS: Will ANSYS Be A Victim of the Product Cycle?
ANSYS Latest Release Features Unique Simulation Technologies and Integrated Solutions
ANSYS, Inc. (ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced Version 11.0 of its ANSYS(R) software. This latest version of the ANSYS family of engineering simulation solutions offers new and enhanced tools and capabilities that enable users to complete jobs efficiently and fully leverage Simulation Driven Product Development for a wide range of applications. This release represents the leading edge in integrated, best-in-class computer- aided engineering (CAE) functionality including advanced analysis, meshing, optimization, multiphysics and multibody dynamics.
We have previously noted that many software companies, such as Adobe (ADBE) and Intuit (INTU) for example, tend to rally in anticipation of new product releases and then sell off on the news. So it is fair to wonder whether this exciting new software release for Ansys signals a temporary top in the stock.
Ansys Version 10 was released on June 2, 2005. Turning to the stock chart, we see no evidence that the release had much of a short-term impact. The stock had been steadily climbing in advance of the release, but continued the steady climb after the release as well.
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[…] Analysts were expecting the company to earn $0.46 on $87 million in sales. Partly on the strength of its recent product upgrade, the company also raised its guidance: The Company currently expects the following for the quarter ending June 30, 2007: – GAAP revenue in the range of $87 - $89 million – Non-GAAP revenue in the range of $87 - $89 million – GAAP diluted earnings per share of $0.35 - $0.38 – Non-GAAP diluted earnings per share of $0.52 - $0.53 […]