Reported 18 days ago
Ansys exceeded Wall Street's profit and revenue expectations for the third quarter, reporting $601.9 million in revenue thanks to increasing demand for its AI-powered engineering software. The company's successful simulations aid in product evaluations across various industries, and its shares rose nearly 2% in after-market trading. Ansys is set to be acquired by rival Synopsys in a $35 billion deal, expected to close in early 2025.
Source: YAHOO