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Revenues rocket at Ansoft
An
Ansoft Europe product story
Edited by the Electronicstalk editorial team
Mar 6, 2006
Ansoft Corporation has published financial results for its third quarter of fiscal 2006 ended 31st January 2006.
Ansoft Corporation has published financial results for its third quarter of fiscal 2006 ended 31st January 2006.
Revenue for the third quarter totalled $19.7 million, an increase of 13% compared with $17.4 million reported in the previous fiscal year's third quarter.
On a non-GAAP basis, net income for the third quarter was $4.5 million, or $0.35 per diluted share, representing a 52% increase when compared with non-GAAP net income of $3.0 million, or $0.23 per diluted share in the previous fiscal year's third quarter.
On a generally accepted accounting principles (GAAP) basis, net income for the third quarter was $4.3 million, or $0.33 per diluted share, compared with GAAP net income of $2.8 million, or $0.21 per diluted share in the previous fiscal year's third quarter.
"We had an excellent quarter with more than 50% growth in earnings", said Nicholas Csendes, Ansoft's President and CEO.
"For the fourth quarter, we expect record revenues and record earnings".
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