CIMdata PLM Industry Summary Online Archive

15 February 2008

Financial News

Ansoft Corporation Revenue Increases 15%; Operating Income Increases Over 35%

Ansoft Corporation announced financial results for its third quarter of fiscal 2008 ended January 31, 2008.

Revenue for the third quarter totaled $26.1 million, an increase of 15% compared to $22.7 million reported in the previous fiscal year's third quarter.

Operating income for the third quarter was $10.0 million representing a 36% increase when compared to operating income of $7.4 million in the previous fiscal year's third quarter.

On a generally accepted accounting principles (GAAP) basis, net income for the third quarter was $6.5 million, or $0.26 per diluted share. This compares to GAAP net income of $6.3 million, or $0.24 per diluted share in the previous fiscal year's third quarter. GAAP net income for the prior year’s third quarter included a tax benefit of $1.1 million, or $0.04 per diluted share for the retroactive enactment of the US Research and Development Tax Credit.

GAAP net income for the third quarter includes employee stock-based compensation expense of $0.3 million, or $0.01 per diluted share versus $0.6 million, or $0.02 per diluted share in the previous fiscal year’s third quarter.

Additionally, GAAP net income for both the current and previous year’s third quarter includes acquisition related amortization of $0.3 million, or $0.01 per diluted share.

“We are pleased to report strong revenue growth in both domestic and international markets,” said Nicholas Csendes, Ansoft’s President and CEO. “For the fourth quarter, we expect continued revenue growth of around 10-15%.”

For further information associated with Ansoft’s business, please refer to Ansoft’s public reports filed with the SEC, including, but not limited to, its annual report on Form 10-K for the fiscal year ended April 30, 2007 and quarterly reports on Form 10-Q, copies of which may be obtained at Ansoft’s website at http://www.ansoft.com/about/investor/index.cfm.

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