CIMdata PLM Industry Summary Online Archive
18 August 2004
Company News
Ansoft Corporation First Quarter Results-19% Increase in Revenue
Ansoft Corporation announced financial results for its first quarter of fiscal 2005 ended July 31, 2004.
Revenue for the first quarter totaled $12.7 million, an increase of 19% compared to $10.7 million reported in the previous fiscal year's first quarter. Net income for the first quarter was $30,000, or $0.00 per diluted share, as compared to a net loss of $1.2 million, or ($0.10) per diluted share in the previous fiscal year's first quarter.
"Ansoft had a very successful first quarter," said Nicholas Csendes, Ansoft's President and Chief Executive Officer. "With the continued high level of activity we are experiencing worldwide, we expect to see good revenue growth and profitability for the balance of the year."
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve risks and uncertainties about the Company's business that are detailed from time to time in the Company's SEC reports, including the reports on Form 10-K for the year ended April 30, 2004.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.