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going provide will a I description on to Finally, headwinds color some turn over call we elements forward, I of of business key are seeing the Maria. of some that before the the including
employees to to in course, responsibility work first the to our their families and closed the In employees our of world. Of ANSYS' ANSYS and our and is enabled community safety and home. we China around offices the from health mid-February,
around employees the offices and our safety countries protocols. Korea, crisis spread, those world. Today, China with other social the and in we As in our situation appropriate maintaining and closed improving with open are distances the locations health
elsewhere offices continuing with essential remain closed majority work Our to or to from only employees worldwide the staff home. of vast open
engaged are to driving the business our Our in quickly the model. challenge, have adapted forward fully work-from-home we employees and in
invested access business have invaluable be out and including are and business well networking our we us capabilities and in years, several our helping turned to remote technology. last collaboration the In run have investments as our infrastructure These as applications, today.
We not are salaried continuing any and our planning are pay we to workers, hourly and all action. job
home. remotely employees and new work them onboarding are we from provisioning to fact, In
to crisis a like are believe that once provide. candidates ANSYS open a a ANSYS and additional have capture number put for is ongoing growing our team company opportunity We of strong looking requisitions strong We seeing the investments job this can flow are of that who in in a position abated. stability our
to and when a recall As the year. sanctions challenging be the of quarter loaded were because China we back-end effect compare, of the first and in year the February, from expecting year-over-year full tough of guided we may first you half
March. conditions Nonetheless, very operating worldwide at of came our in midpoint worsened that margin proud economic team, course, earnings I for Of just by the am QX revenue, about and through the our the solid ANSYS guidance. execution
saw we solutions our high-tech QX, support electrification continue resonate strength a number initiatives In key including the in these In industries, and verticals, XG of to energy. customers. and autonomy, our automotive, that with of
our existing including Asia, in well global to solutions as with new a and large that high-tech electronics an deals competitors. digital on its inked in usage closed example, America, For to In twins. consumer displacing contract into standardize provider as to agreed several sectors, semiconductor at a several expand the of X-year expand flagship customer North we we ANSYS, multi-physics hardware
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multiphysics customer, ANSYS be example, using ANSYS required weeks supported and simulation for to virtually months contract Software the SMC across testing industries. workflow SMC. Company and to design developing silent X-figure motors. automated For motors By Motor enhanced of analyze signed Cloud, The compress or new we can with an solutions rapidly of is these used by protype typically a a workflow
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nodes. customers high-performance leader, computing we ANSYS reliability applications. in of learning, RedHawk-SC artificial intelligence, industry the chips power FinFET the XG and helps recently certified and example, requirements TSMC use power off-platform machine sign system-on-chip next-generation verify noise process TSMC's For for This
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or engineers products. R&D cannot in physical more by by effectively when test is get even simulation to this In and customers costly budgets tight access during to from particularly cost testing. can physically need and giving some impact help eliminating their reducing parallel for relevant tools global design evaluate customers the addition, crisis the That options get multiple labs
important why budgets. simulation the of value The simulation investments It is on the and research of is rely periods customers. bulk the in differentiator. mission-critical customers R&D during the their lifeblood nature is compelling ANSYS our of comes note to from R&D or that development even continue of It's key uncertainty. and customers' to
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R&D, However, Honda automakers publicly continued in have investments technologies, reported other next-generation in such Volkswagen, especially and General Motors, electrification. and autonomy as
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ANSYS, At by and continue in automotive simulation their we across to OEMs suppliers see geographies. investments
This X In QX. Asia, autonomy electrification ANSYS In parts give the X-year Tier as our OEM months our we adoption automotive supplier, a DYNAmore, technologies. with replacing recently an you is LS-DYNA DENSO, indeed, testing, to for deal platform adopt examples competitive multimillion-dollar recently just a me coming and for development after the inked for major crash deal Europe, for automotive LSTC. solutions exciting partner, signed automotive few a a for important as product. from of news, acquisition well two of channel Let virtual closed the
is also number diversity model due year's ANSYS Investor As to last a serve. and Day, we part resilient I customers the at in discussed of
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a prepared our industry of that backdrop, related an the I'll impact. more remarks their Our shift conversion contain comprehensive affecting attributes discussion to and With pipeline view.
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see headwinds automotive in and do industrials. traditional more we investments the However, some heavy the
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of to the the Maria our XXXX. to like turn for our more for QX I'd and and that, assumptions financials with discuss outlook Maria? around And detail over to provide call remainder
