April 30 (Reuters) - Ansys ( ANSS ) reported

first-quarter revenue below Wall Street estimates on Wednesday,

impacted by weak enterprise spending for its simulation software

amid an uncertain economy.

Shares of the Pennsylvania-based company fell 5% after the

bell.

The uncertainty has led to businesses cutting back on

spending and U.S. export restrictions on China weighing on the

demand for companies like Ansys ( ANSS ).

The company, which makes software used in creating products

from airplanes to tennis rackets, is being bought by larger

rival Synopsys ( SNPS ) and the deal is expected to close in the

first half of 2025.

Ansys ( ANSS ) posted revenue of $504.9 million for the quarter ended

March 31, below analysts' estimates of $520.9 million, according

to data compiled by LSEG.

On an adjusted basis, the company earned $1.64 per share,

falling short of estimates $1.68 per share.

Ansys ( ANSS ) offers AI solutions such as its customer support

chatbot AnsysGPT and a cloud-enabled product SimAI, which uses

simulation results to assess the performance of a new design in

minutes.