Ansys Tops Estimates

Profit doubles from a year earlier.
Author:
Publish date:

SAN FRANCISCO -- Shares of Ansys (ANSS) - Get Report rose Thursday after the company trumped third-quarter earnings and issued strong fourth-quarter guidance.

Revenue for the Canonsburg, Penn., software company was $94 million, up 34% from $70.1 million a year ago. Analysts were looking for revenue of $90.6 million, according to Thomson Financial.

Net income of $18.7 million, or 23 cents a share, more than doubled from $8.4 million, or 10 cents a share, in the year-ago period.

Excluding items, EPS was 31 cents, far ahead of analysts' expectations for 25 cents.

Operating profit margin rose to 43.8% from 37.1% in the prior year.

The stock was recently up $1.19, or 3.1%, to $40 in recent trading.

The developer of engineering-simulation software said fourth-quarter revenue would be between $99 million and $101 million and EPS, excluding items, would be 32 cents or 33 cents. Analysts were expecting a top line of $101.3 million and EPS, less items, of 29 cents.