Ansys reports second-quarter profit rises

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Southpointe-based simulation technology company Ansys reported 11 percent increases in profit and diluted earnings per share for the second quarter of 2013, beating analysts' estimates and its own guidance range for the period.

Ansys posted profit of $55.9 million, or 59 cents per share, up from $50.3 million, or 53 cents per share, the previous year.

The company posted revenues of $214.9 million, up from 195 million the previous year, and also repurchased 988,000 shares of stock at an average price of $74.35.

"The results reflect a combination of improved execution in targeted areas and a minor improvement in the stability of the general business climate," said Ansys President Jim Cashman in a news release.

For the third quarter, Ansys is anticipating revenues between $209 and $215 million and diluted earnings per share between 55 and 59 cents.

The company updated its fiscal year 2013 guidance to expect revenues ranging from $855 million to 870 million with diluted earnings per share between $2.29 and $2.38.

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Deborah M. Todd: or 412-263-1652.


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