Product category: Design and Development Software
News Release from: Ansoft Europe
Edited by the Electronicstalk Editorial Team on 30 May 2002
Ansoft figures move
in the right direction
Ansoft Corp has revealed its financial results for its fourth quarter and fiscal year ended 30th April 2002
Revenue for fiscal 2002 totalled $53.4 million, an increase of 23% compared with $43.6 million reported in the previous fiscal year. Revenue for the fourth quarter of fiscal 2002 totalled $15.6 million, an increase of 11% compared with $14.1 million reported in the previous fiscal year's fourth quarter.
This article was originally published on Electronicstalk on 30 May 2002 at 8.00am (UK)
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Net income for the year ended 30th April 2002 was $1.2 million compared with a net loss of $845,000 in fiscal 2001.
Net income for the fourth quarter of fiscal 2002 was $1.2 million, or $0.09 per diluted share, as compared with a net loss of $1.5 million, or $0.13 per diluted share in fiscal 2001.
Pro forma net income for the fourth quarter of fiscal 2002 was $2.8 million, or $0.20 per diluted share, which excludes the effects of the amortisation of intangibles of $1.2 million and expenses of $1.1 million for Altra Broadband.
This compares with a pro forma net loss of $525,000, or $0.04 per diluted share, reported for the same quarter in the prior fiscal year, which excludes the effects of the amortisation of intangibles of $590,000 and expenses of $745,000 for Altra Broadband.
"We completed another successful year in the face of a difficult economic environment", said Nick Csendes, President and CEO of Ansoft.
"Although we are cautious about our near-term prospects, we see great opportunities for the future of our technology and business".
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