Ansys reports Q1 non-GAAP EPS $1.64, consensus $1.67

Reports Q1 revenue $504.9M, consensus $516.81M. As previously announced, on January 15, Ansys (ANSS) entered into a definitive agreement with Synopsys under which Synopsys will acquire Ansys. Since the company’s last earnings release, the U.K. Competition and Markets Authority has formally cleared the transaction in Phase 1 subject to previously announced divestitures. Additionally, Ansys and Synopsys have received clearances from the Turkey Competition Authority, Japan Fair Trade Commission, Korea Fair Trade Commission and Taiwan Fair Trade Commission. The transaction is anticipated to close in the first half of 2025, subject to the receipt of required regulatory approvals and other customary closing conditions. As previously announced, in light of the pending transaction with Synopsys, Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.