ANSYS, Inc. develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite; and structural analysis product suite that provides simulation tools for product design and optimization. It also provides fluids product suite that enables modeling of fluid flow and other related physical phenomena; and electronics product suite that offers field simulation software for designing electronic and electromechanical products. In addition, the company offers power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; SCADE product suite, a solution for embedded software simulation, code production, and automated certification; system simulation capability for the design of automated products; and optical sensor and closed-loop, and real-time simulation, as well as safety-certified embedded software solutions. Further, it provides Discovery product family for use in the simulation of product design; Ansys Granta products to give access to material intelligence; and academic product suite with a portfolio of academic products based on associate, research, and teaching, as well as develops photonic design and simulation tools. The company serves engineers, designers, researchers, and students in the aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports industries. It has a collaboration with Velodyne to develop software models of next-generation automotive lidar sensors. ANSYS, Inc. was founded in 1970 and is headquartered in Canonsburg, Pennsylvania.
IPO Year: 1996
Exchange: NASDAQ
Website: ansys.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/14/2023 | $356.00 → $295.00 | Buy → Underperform | BofA Securities |
| 12/14/2022 | $281.00 → $295.00 | Neutral → Outperform | Robert W. Baird |
| 10/24/2022 | $295.00 → $270.00 | Neutral → Buy | Rosenblatt |
| 9/16/2022 | $275.00 | Underweight → Overweight | JP Morgan |
| 8/17/2022 | $320.00 | Outperform | Wolfe Research |
| 7/27/2022 | $285.00 | Outperform | Oppenheimer |
| 3/29/2022 | $310.00 | Neutral | Mizuho |
| 3/25/2022 | $253.00 | Sell | Daiwa Securities |
| 2/25/2022 | $437.00 → $389.00 | Outperform | Credit Suisse |
| 2/25/2022 | $425.00 → $350.00 | Sector Perform | RBC Capital |
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Funded by the CHIPS Act, Microelectronics Commons will rely on Ansys digital engineering technology to support the evolution of domestically manufactured semiconductors / Key Highlights Microelectronics Commons (Commons) network has eight regional technology hubs focused on spurring domestic innovation in 5G/6G, artificial intelligence (AI), electromagnetic (EM) spectrum dominance, Internet-of-Things (IoT) computing, and quantum and leap-ahead technologiesAnsys will provide services to six of the eight hubs through the Cross Hub Enablement Solution (CHES) program — MMEC, CA DREAMS, NEMC, NORDTECH, NW AI, SWAPAnsys Government Initiatives (AGI) — the United States national security division o
Integration of NVIDIA Modulus AI framework with the Ansys SeaScape platform will enable engineers to easily build customized AI solutions that can improve designer productivity and quickly identify optimal design configurations / Key Highlights NVIDIA Modulus artificial intelligence (AI) framework will be integrated into the Ansys SeaScape™ cloud-optimized big data analytics platform for electronic design automation, which has demonstrated a speed-up of thermal simulation by over 100xThe Modulus physics-informed AI techniques strongly complement Ansys multiphysics simulation engines within SeaScape, including Ansys power integrity and reliability signoff platforms Ansys RedHawk-SC™, Ansys T
Ansys Fluent coupled with NVIDIA accelerated computing significantly speeds large-scale CFD simulations, reducing run time from four weeks to six hours / Key Highlights Ansys Fluent® fluid simulation software solved a 2.4-billion-cell-problem using 320 NVIDIA GH200 Grace Hopper Superchips scaled with NVIDIA Quantum-2 InfiniBand at the Texas Advanced Computing Center (TACC)Combining NVIDIA Grace Hopper Superchips and Ansys software enables significantly faster, higher fidelity simulation, improving R&D processes for more innovative productsPITTSBURGH, Nov. 18, 2024 /PRNewswire/ -- In a significant milestone, Ansys (NASDAQ:ANSS) today announced results of the largest Fluent CFD simulation eve
Ansys intelligent engineering project will accelerate the development and delivery of customized data center cooling systems / Key Highlights Ansys technology enables Vertiv to develop products and respond to customer requests with more agility, speeding up their go-to-market timeAnsys optiSLang™ automation and optimization framework accelerates the design of cooling technology, paving the path for Vertiv to design and manufacture data center critical digital infrastructure that can efficiently and reliably run artificial intelligence (AI) workloadsAnsys Minerva™ simulation process and data management web applications empower experts and non-experts alike to access automated simulations acr
Ansys technology is instrumental in helping WEG develop an electric industrial motor that enables OEMs to push the limits of innovation through improved efficiency and productivity / Key Highlights Ansys technology delivers an optimal balance of simulation speed and predictively accurate results to help WEG develop W80 AXgen, an electric industrial motor that can achieve efficiency levels beyond the current industry standardWEG used Ansys Mechanical™, Ansys Fluent™, Ansys Granta™, and Ansys Electronics™ to develop a performant, stackable, lightweight motor ideal for industrial applications including air compressors, water pump systems, and generatorsPITTSBURGH, Pa., Nov. 13, 2024 /PRNewswi
/ Q3 2024 Results Revenue of $601.9 millionGAAP diluted earnings per share of $1.46 and non-GAAP diluted earnings per share of $2.58GAAP operating profit margin of 26.8% and non-GAAP operating profit margin of 45.8%Operating cash flows of $174.2 million and unlevered operating cash flows of $184.5 millionAnnual contract value (ACV) of $540.5 millionDeferred revenue and backlog of $1,463.8 million on September 30, 2024 PITTSBURGH, Nov. 06, 2024 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ:ANSS), today reported third quarter 2024 revenue of $601.9 million, an increase of 31% in reported and constant currency when compared to the third quarter of 2023. For the third quarter of 2024, the Company
IonQ and Ansys partner to enhance engineering simulation through advanced quantum computing Key Highlights The computer-aided engineering (CAE) market can benefit from the ability of IonQ quantum computers to accelerate simulation, allowing Ansys customers to perform more complex simulations and bring better products to market faster. New partnership aims to allow expert and non-expert users to seamlessly access the power of IonQ's quantum computers to improve product development processes. IonQ will use Ansys simulation solutions to design its next-generation quantum computers and quantum networks for increased scalability and performance. IonQ (NYSE:IONQ), a leader in the quantum
SUNNYVALE, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- 23andMe Holding Co. (NASDAQ:ME) (the "Company" or "23andMe"), a leading human genetics and preventive health company, today announced the appointments of Andre Fernandez, Jim Frankola, and Mark Jensen, three accomplished and experienced executives, as independent members of the Company's Board of Directors (the "Board"), effective on October 28, 2024. Each of Mr. Fernandez, Mr. Frankola, and Mr. Jensen have been appointed to serve as members of the Board's Audit Committee and Compensation Committee, with Mr. Fernandez serving as the Chair of the Audit Committee and Mr. Jensen serving as the Chair of the Compensation Committee. In additio
Ansys won four TSMC 2024 OIP Partner of the Year awards, highlighting excellence in multiphysics analysis solutions for system design using advanced silicon processes and the rapidly evolving 3D-IC and silicon photonics packaging technologies / Key Highlights Ansys multiphysics analysis solutions are critical to the successful integration and performance of advanced multi-chip packaging and electronic and photonic co-packaged optics in TSMC's compact universal photonics engine (COUPE)Ansys' joint development of design solutions for TSMC's N2P and A16™ advanced silicon processes ensure power integrity, electromigration reliability, and critical thermal management for compute-heavy applicatio
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 earning
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BofA Securities downgraded ANSYS from Buy to Underperform and set a new price target of $295.00 from $356.00 previously
Robert W. Baird upgraded ANSYS from Neutral to Outperform and set a new price target of $295.00 from $281.00 previously
Rosenblatt upgraded ANSYS from Neutral to Buy and set a new price target of $270.00 from $295.00 previously
JP Morgan upgraded ANSYS from Underweight to Overweight and set a new price target of $275.00
Wolfe Research initiated coverage of ANSYS with a rating of Outperform and set a new price target of $320.00
Oppenheimer initiated coverage of ANSYS with a rating of Outperform and set a new price target of $285.00
Mizuho initiated coverage of ANSYS with a rating of Neutral and set a new price target of $310.00
Daiwa Securities initiated coverage of ANSYS with a rating of Sell and set a new price target of $253.00
Credit Suisse reiterated coverage of Ansys with a rating of Outperform and set a new price target of $389.00 from $437.00 previously
RBC Capital reiterated coverage of Ansys with a rating of Sector Perform and set a new price target of $350.00 from $425.00 previously
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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 earning
PITTSBURGH, July 18, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ:ANSS) announced today that the Company expects to release its second quarter earnings on Wednesday, July 31, 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, July 31, 2024, you can find the following information on the investor section of our website at https://investors.ansys.com: the earnings pre
PITTSBURGH, April 18, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ:ANSS) announced today that the Company expects to release its first quarter earnings on Wednesday, May 1, 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, May 1, 2024, you can find the following information on the investor section of our website at https://investors.ansys.com: the earnings press r
/ Q4 2023 Results GAAP and non-GAAP revenue of $805.1 millionGAAP diluted earnings per share of $3.14 and non-GAAP diluted earnings per share of $3.94GAAP operating profit margin of 41.4% and non-GAAP operating profit margin of 53.0%Operating cash flows of $232.7 million and unlevered operating cash flows of $242.8 millionAnnual contract value (ACV) of $955.2 million / FY 2023 Results GAAP and non-GAAP revenue of $2,269.9 millionGAAP diluted earnings per share of $5.73 and non-GAAP diluted earnings per share of $8.80GAAP operating profit margin of 27.6% and non-GAAP operating profit margin of 42.6%Operating cash flows of $717.1 million and unlevered operating cash flows of $755.1 millionA
PITTSBURGH, Feb. 1, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ:ANSS) announced today 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
Highlights: Combines Leaders in Semiconductor Design Technology and Simulation and Analysis to Address Customers' Needs for Fusion of Electronics and Physics, Augmented with AIEnhances and Accelerates Synopsys' Silicon to Systems Strategy in Core EDA and New Attractive, Adjacent Growth AreasExpands Synopsys' TAM by 1.5x to ~$28 Billion, Growing at ~11% CAGR1Delivers High-Growth, High-Margin, Recurring Revenue; Expected to Expand Non-GAAP Operating Margins by ~125 Basis Points and Unlevered FCF Margins by ~75 Basis Points in First Full Year Post ClosingExpected to Be Accretive to Non-GAAP EPS Within Second Full Year Post-Close and Substantially Accretive Thereafter2SUNNYVALE, Calif. and PITTS
Updates FY 2023 Outlook Details related to our financial guidance, including assumptions, are included in our prepared remarks document. / Key Highlights - Q3 2023 GAAP and non-GAAP revenue of $458.8 millionGAAP diluted earnings per share of $0.64 and non-GAAP diluted earnings per share of $1.41GAAP operating profit margin of 15.2% and non-GAAP operating profit margin of 34.1%Operating cash flows of $160.8 million and unlevered operating cash flows of $170.6 millionAnnual contract value (ACV) of $457.5 millionDeferred revenue and backlog of $1,205.7 million on September 30, 2023Incremental restrictions for export to China negatively impacted revenue and ACV by $20.0 millionReaffirm lon
PITTSBURGH, Oct. 12, 2023 /PRNewswire/ -- ANSYS, Inc. (NASDAQ:ANSS) announced today that the Company expects to release its third quarter earnings on Wednesday, November 1, 2023, after the market closes. The Company will hold a conference call conducted by Ajei Gopal, president and chief executive officer and Nicole Anasenes, chief financial officer and senior vice president of finance at 8:30 a.m. Eastern Time on Thursday, November 2, 2023 to discuss third quarter 2023 results and future outlook. CONFERENCE CALL INFORMATION: What: Ansys Third Quarter 2023 Earnings Conference
Details related to our financial guidance, including assumptions, are included in our prepared remarks document. / Key Highlights - Q2 2023 GAAP and non-GAAP revenue of $496.6 millionGAAP diluted earnings per share of $0.80 and non-GAAP diluted earnings per share of $1.60GAAP operating profit margin of 19.3% and non-GAAP operating profit margin of 36.4%Operating cash flows of $62.9 million and unlevered operating cash flows of $72.1 millionAnnual contract value (ACV) of $488.3 millionDeferred revenue and backlog of $1,295.8 million on June 30, 2023 PITTSBURGH, Aug. 02, 2023 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ:ANSS), today reported second quarter 2023 GAAP and
PITTSBURGH, July 13, 2023 /PRNewswire/ -- ANSYS, Inc. (NASDAQ:ANSS) announced today that the Company expects to release its second quarter earnings on Wednesday, August 2, 2023, after the market closes. The Company will hold a conference call conducted by Ajei Gopal, president and chief executive officer and Nicole Anasenes, chief financial officer and senior vice president of finance at 8:30 a.m. Eastern Time on Thursday, August 3, 2023 to discuss second quarter 2023 results and future outlook. CONFERENCE CALL INFORMATION: What: Ansys Second Quarter 2023 Earnings Conference C
Funded by the CHIPS Act, Microelectronics Commons will rely on Ansys digital engineering technology to support the evolution of domestically manufactured semiconductors / Key Highlights Microelectronics Commons (Commons) network has eight regional technology hubs focused on spurring domestic innovation in 5G/6G, artificial intelligence (AI), electromagnetic (EM) spectrum dominance, Internet-of-Things (IoT) computing, and quantum and leap-ahead technologiesAnsys will provide services to six of the eight hubs through the Cross Hub Enablement Solution (CHES) program — MMEC, CA DREAMS, NEMC, NORDTECH, NW AI, SWAPAnsys Government Initiatives (AGI) — the United States national security division o
SUNNYVALE, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- 23andMe Holding Co. (NASDAQ:ME) (the "Company" or "23andMe"), a leading human genetics and preventive health company, today announced the appointments of Andre Fernandez, Jim Frankola, and Mark Jensen, three accomplished and experienced executives, as independent members of the Company's Board of Directors (the "Board"), effective on October 28, 2024. Each of Mr. Fernandez, Mr. Frankola, and Mr. Jensen have been appointed to serve as members of the Board's Audit Committee and Compensation Committee, with Mr. Fernandez serving as the Chair of the Audit Committee and Mr. Jensen serving as the Chair of the Compensation Committee. In additio
Seasoned HR professional brings decades of experience to global leader and innovator of engineering simulation software / Key Highlights Kathleen Weslock named as Vice President of Human Resources at AnsysWeslock brings decades of experience in fostering corporate cultures and ability to scale HR organizationsPITTSBURGH, June 26, 2023 /PRNewswire/ -- Ansys (NASDAQ:ANSS) has named Kathleen Weslock, an industry veteran with decades of experience in human resources, labor relations, and mergers and acquisitions, as its vice president of human resources. Prior to joining Ansys, We
Addition of new director strengthens executive expertise in financial and strategic planning, digital transformation, and mergers and acquisitions / Key HighlightsClaire Bramley appointed to Ansys Board of DirectorsBramley has decades of financial experience including global transformations and M&APITTSBURGH, Dec. 16, 2022 /PRNewswire/ -- Ansys (NASDAQ:ANSS) today announced that Claire Bramley accepted an appointment to the Ansys Board of Directors, effective December 15, 2022 – bringing deep expertise in leading large-scale fiscal and operational disciplines; driving financial and strategic planning; and managing complex mergers and acquisitions (M&A).
PITTSBURGH, Dec. 02, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global solutions provider of products and services for the rail and infrastructure markets, announced today that Ms. Janet Lee has been appointed to the Company's Board of Directors effective January 1, 2023, following the retirements of Ms. Suzanne B. Rowland and Robert S. Purgason on December 31, 2022. Ms. Lee brings a wide range of knowledge and skills to the board that includes more than three decades of legal experience in both private practice and in global, public companies leading up to her current position of Vice President, General Counsel, and Secretary of ANSYS, Inc. (NASDAQ:ANSS), in which capa
PITTSBURGH, Oct. 26, 2021 /PRNewswire/ -- / Key Highlights Anil Chakravarthy appointed to Ansys Board of Directors Chakravarthy brings decades of experience in digital transformation, SaaS and cloud technologies Ansys (NASDAQ:ANSS) today announced that Anil Chakravarthy accepted an appointment to the Ansys Board of Directors, effective Oct. 26, 2021 – bringing with him deep expertise in digital transformation, SaaS and cloud technologies. As the executive vice president and general manager of Digital Experience and Worldwide Field Operations at Adobe Inc., Chakravarthy driv
PITTSBURGH, March 15, 2021 /PRNewswire/ -- Ansys (NASDAQ: ANSS) today announced that Jim Frankola accepted an appointment to the Ansys Board of Directors, effective March 12, 2021 – bringing with him more than 25 years of business transformation, corporate governance and financial experience. Continue Reading (PRNewsfoto/Ansys) Frankola is the chief financial officer (CFO) of Cloudera, an enterprise data cloud company. He previously served as CFO of Yodlee, Inc., a data aggregation and data analytics platform company, and CFO of Ariba, Inc., a software and information technology services company. In addition to his CFO roles, Frankola has held various
PITTSBURGH, March 15, 2021 /PRNewswire/ -- Ansys (NASDAQ: ANSS) today announced that Jim Frankola accepted an appointment to the Ansys Board of Directors, effective March 12, 2021 – bringing with him more than 25 years of business transformation, corporate governance and financial experience. Continue Reading Frankola is the chief financial officer (CFO) of Cloudera, an enterprise data cloud company. He previously served as CFO of Yodlee, Inc., a data aggregation and data analytics platform company, and CFO of Ariba, Inc., a software and information technology services company. In addition to his CFO roles, Frankola has held various senior positions i
Ansys Inc (NASDAQ:ANSS) is partnering with artificial intelligence server company Super Micro Computer, Inc (NASDAQ:SMCI) and Nvidia Corp (NASDAQ:NVDA) to provide turnkey hardware solutions that dramatically accelerate Ansys multiphysics simulation capabilities. Ansys creates and sells engineering simulation software that helps users make quicker, informed decisions, enhance product and system designs, and optimize workflows throughout the product life cycle. By integrating hardware and software, Ansys aims to help customers solve more significant and more complex models up to 1,600 times faster. This collaboration enhances the speed and efficiency of simulations, reducing time-
Collaboration optimizes Ansys solutions and AI capabilities, boosts simulation speeds up to 1,600x/ Key HighlightsTurnkey hardware optimized for Ansys multiphysics simulation provides flexible configurations through collaborations with Supermicro and NVIDIASupercharged simulation reduces time-to-market and facilitates rich design exploration for automotive crash testing and external aerodynamics, aerospace gas turbine engines, 5G/6G antennas, biopharmaceutical development, and moreAnsys' open ecosystem streamlines integration of diverse technologies within its multiphysics platformPITTSBURGH, Pa., July 18, 2024 /PRNewswire/ -- Ansys (NASDAQ:ANSS) is collaborating with Supermicro and NVIDIA t
Keybanc analyst Jason Celino initiates coverage on Ansys (NASDAQ:ANSS) with a Sector Weight rating.
https://www.ansys.com/news-center/press-releases/6-26-24-ansys-sf2z-certifiedKey HighlightsAnsys RedHawk-SC™ and Ansys Totem™ power integrity platforms are certified for Samsung's SF2Z manufacturing technologyAnsys solutions enable early adopters to reliably design leading-edge semiconductor products for high-performance computing (HPC), smartphones, artificial intelligence (AI), data center communication, and graphics processors PITTSBURGH, PA, June 26, 2024 – Ansys (NASDAQ:ANSS) power integrity solutions have been certified by Samsung Foundry for use with Samsung's new SF2Z 2nm gate-all-around manufacturing technology. SF2Z includes advanced technology that moves the power distribution net
Ansys is developing thermal management technology for the Intel 18A silicon process to enable HPC, graphics, and AI products supporting U.S. national security applications/ Key HighlightsAnsys joins the Intel Foundry Accelerator United States Military, Aerospace, and Government (USMAG) Alliance to deliver secure design methodologies and flows for U.S. security applicationsAnsys deepens its technical collaboration with Intel Foundry – enhancing Ansys Redhawk-SC™ to deliver a comprehensive thermal management flow for the Intel 18A advanced process technology to enable reliable, high-performance chip design
The expanded collaboration between Ansys and Microsoft delivers Ansys products optimized for high-performance computing to customers for flexible control over cost and deployment/ Key HighlightsStarting May 30, customers can deploy Ansys Access on Microsoft Azure via Azure Marketplace, which supports a growing list of pre-configured Ansys applications optimized for high performance computing (HPC) on Azure infrastructureThe collaboration provides a cost-effective, secure, and flexible way for customers to achieve rapid simulation-driven insights and reduce time to market across industries including automotive, semiconductors and more
Ansys's (NYSE:ANSS) short percent of float has risen 8.56% since its last report. The company recently reported that it has 1.35 million shares sold short, which is 2.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.6 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is import
Represents Key Milestone Toward Completion of Transaction with SynopsysPITTSBURGH, May 22, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ:ANSS) announced that at the special meeting of stockholders (the "Special Meeting") held earlier today, its stockholders voted to approve the proposed acquisition of Ansys by Synopsys, Inc. (NASDAQ:SNPS). Under the terms of the merger agreement, Ansys stockholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share they own, representing an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on December 21, 2023.
On May 14, 2024, Synopsys received a notice from the State Administration for Market Regulation of the People's Republic of China, which acknowledges Synopsys' contemplated acquisition of Ansys is below the Chinese merger notification thresholds set by the State Council but takes the position that Synopsys is required to notify the transaction. At this time, Synopsys is coordinating with Ansys on next steps. 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.