Ansoft back into the black

Edited by the Electronicstalk editorial team Aug 25, 2004

Ansoft Corp has published its financial results for its first quarter of fiscal 2005, ended 31st July 2004.

Ansoft Corp has published its financial results for its first quarter of fiscal 2005, ended 31st July 2004.

Revenue for the first quarter totalled $12.7 million, an increase of 19% compared with $10.7 million reported in the previous fiscal year's first quarter.

Net income for the first quarter was $30,000, or $0.00 per diluted share, as compared with a net loss of $1.2 million, or ($0.10) per diluted share in the previous fiscal year's first quarter.

"Ansoft had a very successful first quarter", stated Nicholas Csendes, President and CEO.

"With the continued high level of activity we are experiencing worldwide, we expect to see good revenue growth and profitability for the balance of the year".