Quarterly profit rises at Ansys
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Ansys, a Southpointe-based simulation technology company, reported fourth-quarter revenue of $220.7 million, or 59 cents per share, up from $198.2 million, or 50 cents per share, during the fourth quarter of 2011.
The company reported profit of $56.1 million, up from $47.5 million in the fourth quarter of 2011.
For the 2012 fiscal year, the company reported revenues of $798 million, or $2.14 per share, up from $691 million, or $1.91 per share in 2011.
Profit was $203.4 million, up from $180.6 million the previous year.
For the first quarter of 2013, the company projects revenue between $198.2 million and $204.2 million and earnings per share between 48 cents and 53 cents.
For the full year, the company anticipates $875.4 million to $900.4 million in revenue with $2.25 to $2.41 earnings per share.
The results beat analysts' projections slightly, with many anticipating an average of $219.3 million, or 74 cents per share, for the fourth quarter.
Ansys president and CEO Jim Cashman said in a written statement the results show the company has adjusted to difficult economic conditions and will continue bringing in profit.
The stock traded at 76.16, up 1.33 percent from the previous day, at 11:30 a.m.
First Published February 28, 2013 11:49 am