Product category:
Measurement and Quality Software and SPC
News Release from: Ansoft Europe
Edited by the Manufacturingtalk Editorial
Team on 30 May 2005
Software earnings up
Ansoft has announced financial results for its fourth quarter of fiscal 2005 ended April 30, 2005.
Ansoft has announced financial results for its fourth quarter of fiscal 2005 ended April 30, 2005 Revenue for the fourth quarter totalled $21.7 million, an increase of 22% compared to $17.8 million reported in the previous fiscal year's fourth quarter
This article was originally published on Manufacturingtalk on 27 Apr 2007 at 8.00am (UK)
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On a non-GAAP basis, net income for the fourth quarter was $4.9 million, or $0.38 per diluted share, representing a 49% increase when compared to net income of $3.3 million, or $0.25 per diluted share in the previous fiscal year's fourth quarter.
On a generally accepted accounting principles (GAAP) basis, net income for the fourth quarter was $4.7 million, or $0.36 per diluted share, compared to GAAP net income of $2.8 million, or $0.21 per diluted share in the previous fiscal year's fourth quarter.
Revenue for the fiscal year totalled $67.7 million, compared to $54.7 million reported in the previous fiscal year.
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On a non-GAAP basis, net income for the fiscal year was $10.4 million, or $0.80 per diluted share, representing a 130% increase when compared to net income of $4.5 million, or $0.34 per diluted share in the previous fiscal year.
On a generally accepted accounting principles (GAAP) basis, net income for the fiscal year was $9.4 million, or $0.73 per diluted share, compared to GAAP net income of $2.6 million, or $0.19 per diluted share in the previous fiscal year.
"We are pleased to report record revenue and earnings for the fourth quarter," said Nicholas Csendes, Ansoft's President and CEO.
"For the next fiscal year, we anticipate revenue growth of around 15% as well as increasing profitability of around 25%." 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 twelve months ended April 30, 2005 and 2004 is included with this press release.
Ansoft is a leading 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.
Ansoft markets its products worldwide through its own direct sales force and has comprehensive customer-support and training offices throughout North America, Asia and Europe.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995.
These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially, including, but not necessarily limited to, management's ability to forecast revenues and control expenses and the size, timing and structure of significant licenses.
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