Reported 3 months ago
Ansys has exceeded Wall Street's expectations for its second-quarter performance, with revenue of $594.1 million and an adjusted profit per share of $2.50, both surpassing analysts' estimates due to an increased demand for its AI-powered tools and engineering software solutions. The company benefits from the need for simulation and analysis solutions across various industries, including aerospace and automotive, and is expected to be acquired by Synopsys in a $35 billion deal expected to close in 2025.
Source: YAHOO