Ansys Continues to Outperform in 3Q; Sales Channel Investments Paying Off, but Shares Overvalued
Ansys had another strong quarter, with the firm seeing good growth in its deferred revenue backlog and average contract value, reflecting healthy demand for Ansys’ products and a strong pipeline of business. With the first nine months of the fiscal year outperforming management expectations, the company raised its full-year revenue, EPS, and operating cash flow guidance. A better go-to-market strategy within the direct sales organization seems to be resonating with clients, with Ansys matching c...ANSYS develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a spectrum of industries and academia, including aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports. The company focuses on the development of solutions that enable users to analyze designs directly on the desktop, providing a platform for product development, from design concept to final-stage testing and validation. The company's product portfolio include ANSYS Workbench?, a framework upon which the company's suite of engineering simulation technologies is built.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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