Ansys 2nd-qtr profit beats analyst views, 3rd-qtr in line with expectations, stock fallsBy AP
Thursday, August 5, 2010
Ansys 2Q profit rises 31 percent
PITTSBURGH — Ansys Inc., an engineering and design software company, said Thursday that its second-quarter profit rose 31 percent as revenue from software licenses and maintenance and service climbed.
Shares of Ansys, which also predicted third-quarter results in line with analyst expectations, fell $2.62, or 5.6 percent, to $43.96.
For the April-June period, Ansys earned $35.5 million, or 38 cents per share, compared with $27.1 million, or 30 cents per share, in the year-ago quarter.
When excluding one-time items, Ansys earned 50 cents per share. Analysts polled by Thomson Reuters expected 47 cents per share.
Revenue rose 13 percent to $137.8 million, slightly below the $138.6 million analysts were expecting.
Ansys said software licenses revenue rose 12 percent to $81.7 million, while maintenance and service revenue climbed 15 percent to $56 million.
For the current quarter, Ansys predicted a profit of 34 cents to 37 cents per share, or 46 cents to 49 cents per share when excluding one-time items, on $137 million to $142 million in revenue.
Analysts expect adjusted earnings of 47 cents per share on $140.7 million in revenue.
For the full year, the company now expects a profit of $1.47 to $1.55 per share, or $1.95 to $2.03 on an adjusted basis, with $565 million to $580 million in revenue.
Analysts expect an adjusted profit of $1.96 per share on $576.4 million in revenue.