Ansys to Release Second Quarter 2024 Earnings on July 31, 2024

Rhea-AI Summary

Ansys (NASDAQ: ANSS) has announced it will release its second quarter 2024 earnings on July 31, 2024, after market close. Due to the pending acquisition by Synopsys, Ansys has suspended quarterly earnings calls and guidance. The earnings press release and 10-Q filing will be available on the company's investor website. The Synopsys-Ansys merger, announced on January 15, 2024, is expected to close in the first half of 2025, subject to regulatory approvals. This acquisition aims to combine Synopsys' semiconductor electronic design automation with Ansys' simulation portfolio, creating a leader in silicon to systems design solutions.

Positive

• Potential creation of a leader in silicon to systems design solutions through the Synopsys acquisition
• Continued commitment to releasing quarterly financial results

Negative

• Suspension of quarterly earnings calls and guidance
• Pending acquisition may create uncertainty for current Ansys shareholders

PITTSBURGH, July 18, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS) announced today that the Company expects to release its second quarter earnings on Wednesday, July 31, 2024, after the market closes. As previously announced, in light of the pending transaction with Synopsys, Inc. (Synopsys), Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.

After the market closes on Wednesday, July 31, 2024, you can find the following information on the investor section of our website at https://investors.ansys.com: the earnings press release and the 10-Q filing.

/ Additional information: Synopsys to acquire Ansys

On January 15, 2024, the Company entered into a definitive agreement with Synopsys under which Synopsys will acquire Ansys. The transaction is anticipated to close in the first half of 2025, subject to satisfaction or waiver of all closing conditions, including receipt of outstanding regulatory approvals. Bringing together Synopsys' pioneering semiconductor electronic design automation with Ansys' broad simulation and analysis portfolio will create a leader in silicon to systems design solutions.

/ About Ansys

Our Mission: Powering Innovation that Drives Human Advancement

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

ANSS–F

/ Contacts

Investors

Kelsey DeBriyn
724.820.3927
kelsey.debriyn@ansys.com

Media

Mary Kate Joyce
724.820.4368
marykate.joyce@ansys.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ansys-to-release-second-quarter-2024-earnings-on-july-31-2024-302199881.html

SOURCE Ansys

FAQ

When will Ansys (ANSS) release its Q2 2024 earnings?

Ansys (ANSS) will release its second quarter 2024 earnings on Wednesday, July 31, 2024, after the market closes.

Why has Ansys (ANSS) suspended its earnings calls and guidance?

Ansys (ANSS) has suspended quarterly earnings calls and guidance due to the pending acquisition by Synopsys, announced on January 15, 2024.

When is the Synopsys acquisition of Ansys (ANSS) expected to close?

The Synopsys acquisition of Ansys (ANSS) is anticipated to close in the first half of 2025, subject to regulatory approvals and other closing conditions.

Where can investors find Ansys (ANSS) Q2 2024 earnings information?

Investors can find Ansys (ANSS) Q2 2024 earnings press release and 10-Q filing on the investor section of the company's website at https://investors.ansys.com after market close on July 31, 2024.