PITTSBURGH, PA – Ansys announced second quarter revenue of $594.1 million, an increase of 19.6% from the second quarter of 2023.

The company said the increase in revenue was driven by two multi-year contracts with a combined value of $210 million, one in the automotive industry and one in the high-tech industry, that were booked during the second quarter in the Americas region.

In January, Ansys entered into a definitive agreement to be acquired by Synopsys, which was approved by shareholders in the second quarter and is expected to close in the first half of 2025. In light of the pending transaction, Ansys has suspended quarterly earnings conference calls and no longer provides quarterly or annual guidance.