Product category:
Design and Development Software
News Release from: Ansoft Europe
Edited by the Electronicstalk Editorial
Team on 09 October 2001
Ansoft bucks the trend with Q1 gains
Ansoft has announced financial results for its first fiscal quarter ended 31st July 2001.
Ansoft has announced financial results for its first fiscal quarter ended 31st July 2001 Revenue for the first quarter of fiscal 2002 totalled $11.2 million, an increase of 29% compared with $8.7 million reported in the previous fiscal year's first quarter
This article was originally published on Electronicstalk on 8 Nov 2004 at 8.00am (UK)
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Pro forma net income for the first quarter of fiscal 2002 was $916,000, or $0.07 per diluted share, which excludes the effects of the amortisation of intangibles of $1.2 million and research and development expenses of $938,000 for Altra Broadband.
This compares with a pro forma net income of $324,000, or $0.03 per diluted share, reported for the same quarter in the prior fiscal year which excludes the effects of the amortisation of intangibles of $625,000 and research and development expenses of $175,000 for Altra Broadband.
Nick Csendes, President and CEO of Ansoft said, "Our core software business continues to perform exceptionally well, led by a 63% increase in sales of HFSS our flagship product".
Ansoft's business plan forecasts annual revenues of $100 million in three years.
Ansoft expects that total revenue will increase at least 25% this fiscal year.
Operating income for the fiscal year is expected to increase over 50%, excluding its investment in Altra Broadband and amortisation of acquired intangibles.
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