This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ANSYS Delivers Record Revenue And Earnings For The First Quarter 2014

Announces Acquisition of SpaceClaim Corporation and Updates FY 2014 Guidance

Highlights:

  • GAAP revenue of $215.3 million and non-GAAP revenue of $216.5 million
  • GAAP diluted earnings per share of $0.60 and non-GAAP diluted earnings per share of $0.76
  • Operating cash flows of $131.6 million, a 38% increase over Q1 2013
  • GAAP operating profit margin of 36.7% and non-GAAP operating profit margin of 47.2%

PITTSBURGH, May 1, 2014 (GLOBE NEWSWIRE) -- ANSYS, Inc. (Nasdaq:ANSS), today announced growth in both revenue and diluted earnings per share for the first quarter of 2014. Total GAAP and non-GAAP revenue each increased 9% over the first quarter of 2013. GAAP net income and diluted earnings per share each increased 11% over the first quarter of 2013, while non-GAAP net income and diluted earnings per share increased by 6% and 7%, respectively.

"There are two major themes to the start of our fiscal year. First and foremost, the solid performance of our organic business, and the second being another milestone in our long history of adding strategic acquisitions. The major business metrics for the quarter finished in the upper half of our outlook, highlighted by continued strong margins and earnings, a deferred revenue and backlog balance of $437 million, and record cash flows from operations of $132 million," commented Jim Cashman, ANSYS President and Chief Executive Officer. "During the quarter, we continued to make important progress on both the sales hiring and product fronts. These remain key areas of focus as we continue to drive our long-term growth opportunity with on-going investments in customer engagement and research and development initiatives."

Cashman further stated, "Today also marks yet another milestone in achieving our vision of Simulation Driven Product Development™ as we completed the acquisition of SpaceClaim. The addition of SpaceClaim accelerates our collaboration and ease-of-use initiatives by several years, helping ANSYS deliver simulation tools to any engineer in any industry – at the earliest stages of the design cycle – expanding ANSYS' user base from analysts and expert users to include five million design and other non-traditional users. It also launches us into a new paradigm for innovation, creating an entrée for us into unconventional markets. We welcome SpaceClaim's comprehensive team of talented people to the ANSYS family."

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs