Ansys announced that the Company expects to release its fourth quarter and FY 2023 earnings on Wednesday, February 21, 2024, after the market closes. In light of the pending transaction with Synopsys, Inc. (Synopsys), Ansys is suspending quarterly earnings conference calls and will no longer be providing quarterly or annual guidance.
After the market closes on Wednesday, February 21, 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-K filing.Optical systems are used across industries in applications like autonomous vehicle sensors and advanced medical devices. As the number of critical applications continues to increase, so does the need for even more reliable validation. To design the most accurate virtual camera systems, large amounts of real-world data are needed to correctly define the models used for testing. This information can be challenging to obtain, making the validation process much longer and cost inefficient.
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. Under the terms of the agreement, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of $35.0 billion based on the closing price of Synopsys common stock on December 21, 2023. The transaction is anticipated to close in the first half of 2025, subject to approval by Ansys shareholders, the receipt of required regulatory approvals and other customary closing conditions. 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.
