Shares of


( ANST) rose in after-hours trading Tuesday after the Pittsburgh-based software company beat Wall Street's fourth-quarter earnings expectations. The company posted income of $8.3 million, or 32 cents a share, up from $4.7 million, or 18 cents a share, a year ago. The most recent results included a tax benefit of $1 million, or 4 cents a share, associated with the reversal of a valuation allowance. Analysts polled by Thomson First Call expected earnings of 23 cents a share. Revenue for the quarter ended April 30 rose 14% to $24.7 million, in line with Wall Street's forecast. For the coming fiscal year, Ansoft projected revenue growth of 10% to 15%. Shares gained 48 cents, or 2.6%, to $19.01 in late trading.

VA Software

( LNUX) climbed after the company said it swung to profit for its third quarter. For the quarter ended April 30, the company reported income of $1 million, or 2 cents a share, reversing a year-earlier loss of $1.7 million, or 2 cents a share. Revenue grew 55% to $10.8 million. "We are proud to announce another profitable quarter, a direct result of solid execution across all three of our continuing businesses," said Ali Jenab, president and CEO, in a statement.

Separately, VA Software said Kathleen McElwee, senior vice president and chief financial officer, will resign effective June 9 to pursue an opportunity with a private, late-stage company in the health market. Jeffrey Chalmers, currently serving as controller, will serve as interim chief financial officer while the company searches for McElwee's permanent replacement. The company's shares climbed 21 cents, or 4.6%, to $4.75 in after-hours trading.

Computer Sciences


shares fell after the IT services company beat Wall Street's fourth-quarter expectations, but gave light guidance for the current quarter. The company's earnings for the March quarter fell to $199.4 million, or $1.05 a share, from $411.8 million, or $2.13 a share, a year ago. The year-ago numbers included $245.2 million in income from discontinued operations. Excluding certain items, the company earned $218.9 million, or $1.16 a share, up from $185 million, or 96 cents a share, a year earlier. Revenue was roughly flat at $3.88 billion. Analysts projected earnings of $1.13 a share, before items, and $3.86 billion in revenue.

For the fiscal first quarter of 2007, CSC forecast EPS would be in the mid-60-cent range, excluding about 4 cents a share in stock-options expenses. The company predicts sales of $3.4 billion to $3.5 billion. Analysts had forecast earnings of 69 cents a share, with sales of $3.71 billion. For all of fiscal 2007, CSC projected earnings of $3.61 to $3.71 a share, including options. Wall Street predicts earnings of $3.62 a share. The company predicted that revenue would be up 2% to 3% for the year, suggesting revenue of $14.9 billion to $15 billion. Analysts were calling for $15.36 billion on the top line. Shares dropped $1.50, or 2.7%, to $53.19 in after-hours trading.

Shares of

Dycom Industries

(DY) - Get Report

rose after the telecommunications-service contractor posted fiscal third-quarter results that beat Wall Street's target. For the quarter ended April 29, the company reported a loss of $6.5 million, or 16 cents a share, compared with income of $13.7 million, or 28 cents a share, a year earlier. Excluding a goodwill-impairment charge of about $14.8 million, or 37 cents a share, earnings were $8.3 million, or 21 cents a share. Analysts expected earnings of 17 cents a share, before items. Total contract revenue rose 4.5% to $258.7 million, surpassing analysts' projection of $247.4 million.

Dycom sees fourth-quarter earnings of 17 cents to 23 cents a share, with revenue of $240 million to $260 million. Shares gained 34 cents, or 1.7%, to $20.25 in late trading.

Sonic Solutions

( SNIC) shares slipped after the software company beat Wall Street's fourth-quarter earnings expectations but came up short on its first-quarter guidance. The company said its income for the March quarter rose to $2.1 million, or 8 cents a share, from $1.4 million, or 5 cents a share, a year earlier. Excluding certain items, earnings were $8.5 million, or 31 cents a share, a penny above analysts' EPS target. Sonic's revenue increased nearly 14% to $40.4 million, compared with Wall Street's expectation of $40.2 million.

For the first quarter, Sonic Solutions projected earnings of 11 cents to 14 cents a share, with $36 million to $38 million in revenue. Excluding stock-option expenses, the company expects to post earnings of 13 cents to 16 cents a share. Analysts project earnings of 15 cents a share -- including options -- on revenue of $38 million. Shares dropped 68 cents, or 4%, to $16.25 in after-hours trading.