Ansys Outperforms in 1Q; Good Large-Deal Activity; Shares Trading at a Premium
Ansys outperformed our expectations in the fiscal first quarter and blew past management’s quarterly guidance. Strong lease license and maintenance revenue helped boost the quarterly performance. Additionally, Ansys reported good large-customer deal activity, with 31 orders in excess of $1 million and five in excess of $5 million. As a result, the firm raised its full-year outlook. Ansys’ high-end multiphysics simulation offerings continue to resonate with clients, and we expect the company to r...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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