Software
Healthy Outlook Sparks Ansys
Ivy Lessner
02/21/08 - 11:13 AM EST
SAN FRANCISCO -- Shares of Ansys (ANSS - Cramer's Take - Stockpickr) jumped Thursday on the strength of full-year guidance that bested Wall Street estimates.
The developer of engineering-simulation software said 2008 revenue will range from $442 million to $447 million and EPS will range between $1.48 and $1.51. Analysts were looking for $436.4 million and $1.37 a share.
The stock was up $4.65, or 13.1%, to $40.15 in recent trading.
The Southpointe, Pa., software company grew its fourth-quarter revenue 30.5% to $111.2 million, from $85.2 million for the same quarter of the prior year. Excluding $5.2 million of deferred revenue from purchase accounting, revenue in the prior-year period was $90.4 million. For the quarter just ended, analysts were expecting a top line of $101.6 million, according to Thomson Financial.
Net income grew 138% to $29.3 million, or 36 cents a share, from $12.3 million, or 15 cents a share, one year ago.
Excluding amortization of intangibles from acquisitions and charges for stock-based compensation, EPS was 44 cents. Analysts were looking for 31 cents a share.
Operating profit margin improved 5.1 percentage points year over year, to 43.2% for the fourth quarter.
Ansys projected first-quarter revenue of $103 million to $106 million and EPS excluding items of 33 cents or 34 cents. Analysts were predicting a top line of $102.4 million and EPS of 32 cents.