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Ansys Lifts Revenue Outlook

Second-quarter earnings are better than expected.

Engineering-simulation software developer

Ansys

(ANSS) - Get ANSYS, Inc. Report

beat analysts' second-quarter estimates and raised its full-year revenue guidance Thursday.

Quarterly revenue for the Canonsburg, Pa., company was $92.2 million, up 48% from $62.3 million in the year-ago period. Analysts polled by Thomson Financial had expected a top line of $89 million.

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Software, maintenance and services accounted for 36% of total revenue, and was up 19% year on year.

Ansys earned $18.3 million, or 23 cents a share. For the same quarter of 2006, it had a loss of $19.4 million. Excluding items, EPS was 30 cents for the second quarter, 6 cents better than what analysts had expected.

The stock was recently up $2.41, or 9.1%, to $28.97.

For the current quarter, the company projected earnings, before items, of 26 cents or 27 cents, on revenue of $89 million to $90 million. Analysts are expecting a profit of 24 cents and revenue of $90.1 million.

For the full year, revenue, excluding items, is expected to range from $369 million to $373 million, with earnings of $1.14 to $1.16. Analysts are looking for revenue of $371.6 million and a bottom line of $1.03.