18 November 2004
Ansoft Corporation Second Quarter Results: 30% Increase In Revenue
Ansoft Corporation announced financial results for its second quarter of fiscal 2005 ended October 31, 2004.
Revenue for the second quarter totaled $15.9 million, an increase of 30% compared to $12.3 million reported in the previous fiscal year's second quarter. Net income for the second quarter was $1.9 million or $0.14 per diluted share, as compared to a net loss of $(22,000), or $0.00 per diluted share in the previous fiscal year's second quarter.
"We are pleased with the continued revenue growth in both product lines and in our domestic and international markets this quarter," said Nicholas Csendes, Ansoft's President and CEO. "For the fiscal year, we anticipate revenue growth to exceed 20% with increasing profitability."
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.
Full financials are available at http://www.ansoft.com/news/press_release/041118kja.cfm
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