Product category:
Design and Development Software
News Release from: Ansoft Europe
Edited by the Electronicstalk Editorial
Team on 23 August 2002
Disappointing first quarter for Ansoft
Ansoft has reported financial results for its first quarter of fiscal 2003 ended 31st July 2002.
Ansoft has reported financial results for its first quarter of fiscal 2003 ended 31st July 2002 Revenue for the first quarter totalled $9.3 million, a decrease of 17% compared with $11.2 million reported in the previous fiscal year's first quarter
Net loss for the first quarter was $3.3 million, or $0.28 per diluted share, as compared with a net loss of $498,000, or $0.04 per diluted share in fiscal 2002.
"We are clearly disappointed in these results.
Our first quarter is typically the toughest of the fiscal year, with this quarter's results being impacted by the struggling tech economy.
Although we are cautious as to the timing of a turnaround, we believe our fundamental growth opportunities remain strong", said Nicholas Csendes, President and CEO.
(This was Electronicstalk's Top Story on 22 August 2002).
• Ansoft Europe: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
