ANSYS, Inc. has completed its merger with Synopsys, Inc., with ANSYS becoming a wholly owned subsidiary of Synopsys as of July 17, 2025. In this transaction, each share of ANSYS common stock was converted into a combination of Synopsys shares and cash, specifically 0.3399 shares of Synopsys stock and $199.91 in cash per share. The merger resulted in the cancellation of all outstanding options and restricted stock units, with specific provisions for cash compensation based on the terms of the merger agreement.
Following the merger, ANSYS requested the suspension of trading of its common stock on the Nasdaq and the withdrawal of its listing, effective July 17, 2025. The company also plans to file for deregistration of its common stock and suspension of its reporting obligations under the Securities Exchange Act. As a result of the merger, ANSYS underwent a change in control, with its board of directors and officers replaced by those from Synopsys.
linkJul 17, 2025 09:09:11
Ansys, Inc. announced its financial results for the first quarter of 2025, reporting revenue of $504.9 million, reflecting an 8% increase compared to the same period in 2024. The company achieved a GAAP diluted earnings per share of $0.59 and a non-GAAP diluted earnings per share of $1.64. Operating cash flows were reported at $398.9 million, and the annual contract value (ACV) was $410.1 million, showing slight growth from the previous year. The company also noted a deferred revenue and backlog of $1,627.7 million as of March 31, 2025, and stated that the financial results met their expectations for the quarter.
Additionally, Ansys is in the process of being acquired by Synopsys, Inc., with regulatory clearances received from several authorities, including the U.K. Competition and Markets Authority and others in Turkey, Japan, Korea, and Taiwan. The transaction is expected to close in the first half of 2025, pending further regulatory approvals. In light of the acquisition, Ansys has suspended its quarterly earnings conference calls and will not provide future financial guidance.
linkApr 30, 2025 16:32:30
Ansys, Inc. reported a revenue increase of 10% for Q4 2024, reaching $882.2 million, and a 12% rise for FY 2024, totaling $2,544.8 million. Diluted earnings per share also grew, with GAAP EPS at $3.21 for Q4 and $6.55 for the full year, both showing positive year-over-year changes. Additionally, the company saw significant annual contract value (ACV) growth of 15% in Q4 and 11% for FY 2024 compared to the previous year, indicating a strong demand for its services. Operating cash flows improved as well, with Q4 cash flows at $258 million and FY cash flows at $795.7 million, reflecting a solid operational performance throughout the year.
On the downside, Ansys has entered into an agreement to be acquired by Synopsys, which has led to the suspension of quarterly earnings conference calls and the cessation of forward guidance. The effective tax rate also increased to 21.3% in Q4 from 15.4% in the previous year, which may impact future net income. Furthermore, while revenue from subscription leases grew, there was a slight decline in revenue from perpetual licenses and service revenues, indicating some challenges in specific areas of the business. The company is currently awaiting regulatory approvals to finalize the acquisition, adding uncertainty to its future operations.
linkFeb 19, 2025 16:32:41
Ansys, Inc. reported a revenue of $601.9 million for the third quarter of 2024, marking a 31% increase from the same period in 2023. The company also saw significant growth in diluted earnings per share, with GAAP earnings rising to $1.46 and non-GAAP earnings reaching $2.58. Furthermore, the annual contract value (ACV) grew by 18%, indicating strong performance in multi-year lease contracts, including an $88 million deal in the high-tech sector. Operating cash flows also improved, totaling $174.2 million for the quarter.
On the downside, Ansys has suspended its quarterly earnings conference calls and guidance due to its pending acquisition by Synopsys, which is expected to close in the first half of 2025. This uncertainty may raise concerns among investors about the company's future direction. Additionally, while total deferred revenue and backlog reached $1.46 billion, the company reported some adverse impacts from currency fluctuations, which affected revenue and operating income figures.
linkNov 06, 2024 16:32:51
Ansys reported strong Q2 2024 results with revenue up 20% to $594.1 million and significant earnings growth, with diluted earnings per share rising to $1.48. The company's operating profit margin improved, and cash flows increased. However, Ansys is in the process of being acquired by Synopsys, which has led to the suspension of earnings calls and guidance. Overall, the results indicate positive financial health despite the pending acquisition.
linkJul 31, 2024 16:32:04
ANSYS stockholders voted in favor of the acquisition by Synopsys. Each ANSYS share will be exchanged for $197.00 in cash and 0.3450 shares of Synopsys common stock, totaling around $35 billion in enterprise value.
linkMay 22, 2024 16:15:31
Ansys reports Q1 2024 revenue of $466.6 million with diluted earnings per share of $0.40 (GAAP) and $1.39 (non-GAAP). Operating cash flows reach $282.8 million. The Annual Contract Value (ACV) is $407.4 million. While revenue decreased by 8% compared to Q1 2023, ACV grew by 2% in reported currency. Ansys anticipates double-digit growth in ACV and revenue for the rest of 2024. A pending acquisition by Synopsys is expected to close in the first half of 2025, leading Ansys to suspend providing quarterly guidance.
linkMay 01, 2024 16:33:19
Ansys announces robust Q4 and FY 2023 financial results with revenue growth, high operating profit margins, and increased annual contract value. The company's GAAP and non-GAAP earnings per share improved. An agreement with Synopsys for acquisition is underway, valued at approximately $35.0 billion. Ansys foresees double-digit ACV growth for FY 2024, suspending future earnings calls due to the pending acquisition. The company expects variable quarterly growth rates in 2024 compared to 2023.
linkFeb 21, 2024 16:33:01
Rachel Pyles becomes Ansys' new CFO, replacing departing Nicole Anasenes. Pyles, with a background in finance, FP&A, and leadership roles at FIS, Worldpay, and Vantiv, joined Ansys in 2023. Anasenes will stay until June 2024 to ensure a smooth transition. Ansys CEO praises Pyles' financial expertise and plans for the company's future, including a merger with Synopsys. Pyles expresses enthusiasm to lead Ansys' financial operations and execution, highlighting the company's strong history and team.
linkFeb 20, 2024 09:13:33
Synopsys announces acquisition of Ansys, combining semiconductor design technology and simulation to address customer needs for electronics and physics fusion, expanding total addressable market, enhancing financial outlook, and expecting substantial accretive effects post-closing. Ansys CEO expresses confidence in delivering greater value for customers, partners, and shareholders through the combined company's increased innovation. The acquisition is expected to accelerate strategy and growth in attractive, adjacent areas and strengthen Synopsys' financial position and balance sheet.
linkJan 16, 2024 08:00:54