Ansys reports Q3 non-GAAP EPS $2.58, consensus $1.72

Reports Q3 revenue $601.9M, consensus $517.25M. On January 15, 2024, the company entered into a definitive agreement with Synopsys, under which Synopsys will acquire Ansys (ANSS). Ansys and Synopsys have received foreign direct investment approvals for the proposed transaction in nearly all of the relevant jurisdictions, and received unconditional clearance from the Israeli Competition Authority on October 9, 2024. 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.