Nov 6 (Reuters) - Ansys ( ANSS ) beat Wall Street

expectations for third-quarter revenue and profit on Wednesday,

helped by growing demand for its AI-powered tools and

engineering software solutions.

Shares of the company, which is being bought by larger rival

Synopsys ( SNPS ), rose nearly 2% in after-market trading.

Ansys ( ANSS ) has benefited from rising demand for its simulation

and analysis solutions that help in evaluating products

virtually before launching them in the market. The company's

software is used in creating products ranging from airplanes to

tennis rackets for players such as Novak Djokovic.

The company reported revenue of $601.9 million for the

quarter ended Sept. 30, compared with expectations of $517.3

million, according to analysts' estimates compiled by LSEG.

Excluding items, it earned $2.58 per share, compared with

estimates of $1.72 per share.

In January, Synopsys ( SNPS ), the largest maker of software used to

design chips, said it would buy Ansys ( ANSS ) in a $35-billion

cash-and-stock deal. The transaction is expected to complete in

the first half of 2025.

Ansys ( ANSS ) reiterated on Wednesday that it expects the deal to

close in the first half of 2025.