CIMdata PLM Industry Summary Online Archive
16 February 2005
Financial News
Ansoft Corporation Third Quarter Earnings Increase 115%
Ansoft Corporation announced financial results for its third quarter of fiscal 2005 ended January 31, 2005.
Net income for the third quarter was $3.0 million, or $0.23 per diluted share, representing a 115% increase when compared to net income of $1.4 million, or $0.11 per diluted share in the previous fiscal year's third quarter. On a generally accepted accounting principles (GAAP) basis, net income for the third quarter was $2.8 million, or $0.21 per diluted share, compared to GAAP net income of $941,000, or $0.07 per diluted share in the previous fiscal year's third quarter.
Revenue for the third quarter totaled $17.4 million, an increase of 24% compared to $14 million reported in the previous fiscal year's third quarter.
"We are pleased to report that our earnings for the third quarter have more than doubled on continued revenue growth in our domestic and international markets," said Nicholas Csendes, Ansoft's President and CEO. "For the fourth quarter, we anticipate record revenue and earnings."
Pro forma results represent non-GAAP financial measures and exclude the impact of amortization of intangible assets. A reconciliation of these amounts to the appropriate GAAP amounts, for the three and nine months ended January 31 is included with this press release.
Ansoft is a developer of high-performance electronic design automation (EDA) software. Engineers use Ansoft software to design state-of-the-art electronic products, such as cellular phones, Internet-access devices, broadband networking components and systems, integrated circuits (ICs), printed circuit boards (PCBs), automotive electronic systems and power electronics.
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