Ansys to Release Third Quarter 2024 Earnings on November 6, 2024

Rhea-AI Summary

ANSYS, Inc. (NASDAQ: ANSS) has announced that it will release its third quarter 2024 earnings on Wednesday, November 6, 2024, after market close. Due to the pending acquisition by Synopsys, Inc., Ansys has suspended quarterly earnings calls and no longer provides quarterly or annual guidance. The earnings press release and 10-Q filing will be available on the investor section of the Ansys website.

The Synopsys acquisition of Ansys, announced on January 15, 2024, is expected to close in the first half of 2025, subject to regulatory approvals and closing conditions. This merger aims to create a leader in silicon to systems design solutions by combining Synopsys' semiconductor electronic design automation with Ansys' simulation and analysis portfolio.

Positive

• Timely announcement of upcoming Q3 2024 earnings release
• Pending acquisition by Synopsys, potentially creating a leader in silicon to systems design solutions

Negative

• Suspension of quarterly earnings calls
• Discontinuation of quarterly and annual guidance

PITTSBURGH, Oct. 17, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS) announced today that the Company expects to release its third quarter earnings on Wednesday, November 6, 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, November 6, 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

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SOURCE Ansys

FAQ

When will Ansys (ANSS) release its Q3 2024 earnings?

Ansys (ANSS) will release its third quarter 2024 earnings on Wednesday, November 6, 2024, after the market closes.

Will Ansys (ANSS) hold an earnings call for Q3 2024?

No, Ansys (ANSS) has suspended quarterly earnings conference calls due to the pending acquisition by Synopsys.

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 closing conditions.

Where can investors find Ansys (ANSS) Q3 2024 earnings information?

Investors can find the earnings press release and 10-Q filing on the investor section of the Ansys website at https://investors.ansys.com after market close on November 6, 2024.