PITTSBURGH - Ansys (NASDAQ: NASDAQ:ANSS) has announced the introduction of Ansys Access on Microsoft (NASDAQ:MSFT) Azure, a service starting May 30 that allows customers to run Ansys's high-performance computing (HPC) products on Azure's cloud infrastructure. This collaboration aims to offer a scalable, secure, and cost-efficient solution for running HPC simulations in the cloud, catering to industries such as automotive and semiconductors.
The service will be available on the Azure Marketplace, enabling users with existing Ansys licenses to leverage Azure's infrastructure for their simulation needs. Ansys Access on Azure provides pre-configured Ansys applications that are optimized for Azure's HPC capabilities and updated with each major release. This offering simplifies the process for IT departments, allowing them to better manage costs and enable engineers to utilize Azure's HPC virtual machines effectively.
Roelof Oppenhuis, project manager at Movares Europe, highlighted the benefits of using Ansys Access on Azure for complex calculations on steel bridges, citing the user-friendly setup and responsive support from Ansys and its partners.
Shane Emswiler, senior vice president of products at Ansys, emphasized the importance of providing customers with the right tools for the cloud computing era, stating that Ansys Access on Azure reduces administrative and financial burdens, fostering increased productivity and innovation.
Dominik Wee, Corporate Vice President of Manufacturing and Mobility at Microsoft, also commented on the collaboration, noting that it not only eases implementation for IT departments but also empowers engineers to take advantage of high-performance Azure virtual machines, enhancing workflows and accelerating product innovation.
The partnership between Ansys and Microsoft reflects the growing trend of cloud computing in various industries and the increasing demand for HPC-focused hardware. Ansys Access on Azure addresses the challenges of cloud simulation by offering a pre-tested and configured environment that aligns with recommended virtual machines and infrastructure.
This report is based on a press release statement by Ansys.
InvestingPro Insights
As Ansys (NASDAQ: ANSS) forges ahead with its innovative Ansys Access service on Microsoft Azure, the company's financial metrics provide a backdrop to its strategic moves. With a market capitalization of 28.64 billion USD, Ansys is a significant player in the software industry, and its collaboration with Azure could further cement its status. The company's gross profit margin stands impressively high at 91.54% for the last twelve months as of Q1 2024, showcasing its ability to maintain profitability despite costs. This is a testament to the company's efficient operations and is particularly relevant as it expands its cloud-based offerings.
InvestingPro Tips highlight that Ansys operates with a moderate level of debt and has liquid assets that exceed its short-term obligations. This financial stability is crucial for the company as it invests in cloud infrastructure, which could be capital intensive. Ansys's stock is known to trade with low price volatility, indicating a steady market performance that could reassure investors as the company ventures into new services with Azure.
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