Product category:
Design and Development Software
News Release from: Ansoft Europe
Edited by the Electronicstalk Editorial
Team on 26 May 2006
Ansoft logs record fourth quarter
Ansoft Corporation has announced financial results for its fourth quarter of fiscal 2006 ended 30th April 2006.
Ansoft Corporation has announced financial results for its fourth quarter of fiscal 2006 ended 30th April 2006 Revenue for the fourth quarter totalled $24.7 million, an increase of 14% compared with $21.7 million reported in the previous fiscal year's fourth quarter
This article was originally published on Electronicstalk on 8 Nov 2004 at 8.00am (UK)
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On a generally accepted accounting principles (GAAP) basis, net income for the fourth quarter was $8.3 million, or $0.32 per diluted share, representing a 75% increase when compared with GAAP net income of $4.7 million, or $0.18 per diluted share in the previous fiscal year's fourth quarter.
Results for the 2006 fourth quarter included a $1.0 million, or $0.04 per share, income tax benefit associated with the reversal of the Company's remaining valuation allowance for certain US Federal net deferred tax assets.
Revenue for the fiscal year totalled $77.2 million, compared with $67.7 million reported in the previous fiscal year.
On a generally accepted accounting principles (GAAP) basis, net income for the fiscal year was $17.8 million, or $0.69 per diluted share, representing an 89% increase when compared with GAAP net income of $9.4 million, or $0.36 per diluted share in the previous fiscal year.
Results for the current fiscal year include $2.4 million, or $0.09 per share, of income tax benefit for a federal tax credit claim and refund related to foreign taxes previously paid and $1.0 million, or $0.04 per share, of income tax benefit associated with the reversal of the company's remaining valuation allowance for certain US Federal net deferred tax assets.
On a non-GAAP basis, net income for the fourth quarter was $8.5 million, or $0.33 per diluted share, representing a 72% increase when compared with non-GAAP net income of $4.9 million, or $0.19 per diluted share in the previous fiscal year's fourth quarter.
On a non-GAAP basis, net income for the fiscal year was $18.7 million, or $0.72 per diluted share, representing an 80% increase when compared with non-GAAP net income of $10.4 million, or $0.40 per diluted share, in the previous fiscal year.
"We are pleased to report record revenue and earnings for the fourth quarter", said Nicholas Csendes, Ansoft's President and CEO.
"For the next fiscal year, we anticipate continued revenue growth of around 10-15%".
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