Ansys' (ANSS) $35 billion acquisition deal with Synopsys is reportedly under close regulatory examination in the United Kingdom.

The UK Competition and Markets Authority (CMA) has announced its intention to review the proposed $35 billion acquisition of Ansys by Synopsys.  This review comes amid growing concerns about market consolidation and competition within the global chip design software sector, a critical area for technological innovation and advancement.

The U.K. antitrust regulator has confirmed that it's carrying out an early-stage inquiry into Synopsys‘s plans to buy Ansys.

UK's competition watchdog said on Monday it was looking into whether chip design software maker Synopsys' $35 billion acquisition of Ansys would affect competition in Britain.

ANSYS Inc ANSS reported second-quarter 2024 earnings of $2.50 per share, beating the Zacks Consensus Estimate by 28.9%. The bottom line increased 56.3% year over year.

Ansys (ANSS) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $1.60 per share a year ago.

Ansys beat Wall Street estimates for second-quarter revenue and profit on Wednesday, driven by growing demand for its AI-powered tools and engineering software solutions.

/ Q2 2024 Results Revenue of $594.1 million GAAP diluted earnings per share of $1.48 and non-GAAP diluted earnings per share of $2.50 GAAP operating profit margin of 26.5% and non-GAAP operating profit margin of 44.9% Operating cash flows of $80.7 million and unlevered operating cash flows of $90.7 million Annual contract value (ACV) of $520.5 million Deferred revenue and backlog of $1,394.0 million on June 30, 2024       PITTSBURGH, July 31, 2024 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ: ANSS), today reported second quarter 2024 revenue of $594.1 million, an increase of 20% and 22% in reported and constant currency, respectively, when compared to the second quarter of 2023. For the second quarter of 2024, the Company reported diluted earnings per share of $1.48 and $2.50 on a GAAP and non-GAAP basis, respectively, compared to $0.80 and $1.60 on a GAAP and non-GAAP basis, respectively, for the second quarter of 2023.

ANSYS' (ANSS) Q2 performance is likely to have been gained from favorable demand for its simulation solutions across various verticals, including automotive, aerospace and high-tech.

Latest release fuels collaboration and digital transformation by connecting workflows, integrating AI, and optimizing complex design tasks / Key Highlights Unified Ansys technology reduces the need for engineers to connect multiple, disparate software technologies, streamlining the product design process by providing advanced multiphysics simulation insights The latest release introduces two new products — Ansys TwinAI™ software for enhancing simulation with artificial intelligence (AI) for accurate, evolving digital twins and Ansys HFSS-IC™ solver for deep electromagnetic analysis of integrated circuits (IC) PITTSBURGH , July 23, 2024 /PRNewswire/ -- Ansys (NASDAQ: ANSS) 2024 R2 redefines the boundaries of product design by enabling customers to move beyond the limits of single-physics simulation to gain multidimensional insight into the performance of today's complex products. R2 enhancements focused on accelerating run times, scaling capacity, enabling digital transformation, and providing hardware flexibility are making Ansys multiphysics simulations more accessible and powerful than ever before.

ANSYS, Inc. ANSS recently strengthened its collaboration with NVIDIA and Supermicro to offer Turnkey hardware solutions that dramatically enhance Ansys Multiphysics simulation capabilities. This partnership focuses on customizing hardware for Ansys' simulation software, resulting in remarkable speed enhancements of up to 1,600 times in computational tasks.

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.