July 31 (Reuters) - Ansys ( ANSS ) beat Wall Street

estimates for second-quarter revenue and profit on Wednesday,

driven by growing demand for its AI-powered tools and

engineering software solutions.

The company has benefited from surging demand for its

simulation and analysis solutions that help in evaluating

products virtually before their market launch.

Ansys ( ANSS ) makes simulation software used by engineers, chip

designers and researchers to help them analyze products across

industries like aerospace, defense, automotive and energy.

The Pennsylvania-based company's products compete with those

of Autodesk's ( ADSK ) Fusion 360, AutoCAD and Dassault Systems'

Solidworks.

Simulation software maker Ansys ( ANSS ) posted revenue of $594.1

million, beating analysts' average estimate of $549.3 million,

according to LSEG data.

Its adjusted profit per share came in at $2.50, which also

beat average estimate of $1.92.

In January, chip design software maker Synopsys ( SNPS )

said it would buy Ansys ( ANSS ) in a $35 billion cash-and-stock deal.

The transaction is expected to be completed in the first half of

2025.