Since the announcement of merger with Synopsys in Jan 2024, Ansys revenue grew 12% in CY24 to $2.5B at 89% GM and 28.2% OPM. 50% of revenue from software licenses. The deal increases their TAM by 1.5x to $28B by CY28 (11% CAGR from CY23 base). Ansys has 30% exposure to semi/high-tech while SNPS has 85%. All about system simulation. The companies shredded around $200M business to appease regulators. Cadence, on the other hand, draws 12% of its revenue from system simulation.
Source: Sravan Kundojjala
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