Ansys Exceeds Expectations, Bolsters Autonomous Vehicle Portfolio With Optis; Shares Overvalued
Ansys exceeded our financial expectations with its first-quarter results. Growth for both lease license and maintenance revenue was solid, but foreign exchange tailwinds also helped to propel the firm’s better-than-expected quarterly growth rate. Excluding recent changes to revenue recognition, deferred revenue and backlog improved 29% year over year to $842 million, supporting the company’s recent sales execution and go-to-market initiatives. We’ve modestly raised our full-year outlook for the ...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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