Southpointe-based Ansys today reported higher first-quarter profits over the same period last year, and announced it had acquired a Concord, Mass.-based 3-D modeling software company in April.
The engineering simulation company reported net income totaling at $56.5 million, or 60 cents per share of earnings versus earnings of $51 million, or 54 cents per share, in the year-ago quarter. Sales rose from $197.7 million to $215.3 million.
Ansys also announced it had acquired SpaceClaim Corp., located in Massachusetts, for a purchase price of $85 million on April 30. Among other things, the acquisition is expected to assist with Ansys' longtime vision of simulation-product development, which harnesses computer simulations to predict how products will perform in the real-world, the company said.
Looking ahead, the company is projecting earnings per share for the second-quarter are estimated in the range of 57 cents to 62 cents per share.
Madasyn Czebiniak / 412-263-1269 Pittsburgh Post-Gazette