Product category:
Design and Development Software
News Release from: Ansoft Europe
Edited by the Electronicstalk Editorial
Team on 01 June 2001
Strong showing from Ansoft
Ansoft Corp has announced financial results for its fourth quarter and fiscal year ended 30th April 2001.
Ansoft Corp has announced financial results for its fourth quarter and fiscal year ended 30th April 2001 Ansoft announced fourth quarter revenue of $14.1 million, up 30% from the fourth quarter of the prior fiscal year
This article was originally published on Electronicstalk on 10 Mar 2008 at 8.00am (UK)
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Revenue for the full fiscal year ended 30th April 2001 was $43.6 million, an increase of 30% over the $33.5 million reported in the prior fiscal year.
Pro forma net income for Ansoft's core business increased 39% to $2.4 million, or $0.19 per diluted share, which excludes the effects of the amortisation of intangibles of $590,000 and expenses of $745,000 for Altra Broadband.
This compares with a pro forma net income of $1.7 million, or $0.13 per diluted share, reported for the same quarter in the prior fiscal year, which excludes the effects of the amortisation of intangibles of $661,000.
Pro forma net income for the fiscal year ended 30th April 2001 increased 179% to $4.9 million, or $0.38 per diluted share, which excludes the effects of the amortisation of intangibles of $2.4 million and expenses of $1.7 million for Altra Broadband.
This compares to pro forma net income of $1.8 million, or $0.14 per diluted share, reported in fiscal 2000, which excludes the effects of acquisition related amortisation of $2.5 million.
"Our core software business continues to grow from strength to strength", commented Nick Csendes, President and CEO of Ansoft.
"We are on track to achieve our goal of $100 million in revenue in three years".
Ansoft expects that total revenue in the next fiscal year will increase at least 25%.
Operating income for the next fiscal year is expected to increase over 50%, excluding its investment in Altra Broadband and acquired amortisation.
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