💨 Abstract

Ansys, an engineering software solutions provider, exceeded Q3 revenue and profit expectations due to increased demand for AI-powered tools. Shares rose 2%. The company's software, used in product creation from airplanes to tennis rackets, contributed to the growth. Synopsys, a chip design software company, plans to buy Ansys for $35 billion, with the deal expected to complete in H1 2025.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖