Ansys 1Q earnings meet expectations
CANONSBURG – Ansys Inc. Wednesday reported first-quarter net income of $56.1 million.
On a per-share basis, the Southpointe-based company said it had profit of 61 cents. Earnings, adjusted for one-time gains and costs, came to 77 cents per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 77 cents per share.
The maker of engineering-simulation software posted revenue of $217.8 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $222.2 million.
For the current quarter ending in June, Ansys expects its per-share earnings to range from 78 cents to 82 cents.
The company said it expects revenue in the range of $229.6 million to $237.6 million for the fiscal second quarter. Analysts surveyed by Zacks expected revenue of $237.3 million.
Ansys expects full-year earnings in the range of $3.40 to $3.49 per share, with revenue ranging from $941.6 million to $966.6 million.
Ansys shares climbed slightly more than 6 percent since the beginning of the year. The stock rose 17 percent in the last 12 months.