News Release from: Ansoft Europe
Edited by the Electronicstalk Editorial Team on 30 May 2003
Strong finish to a tough year for Ansoft
Ansoft has published financial results for its fourth quarter and fiscal year ended 30th April 2003.
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Ansoft has published financial results for its fourth quarter and fiscal year ended 30th April 2003. Revenue for the fourth quarter of fiscal 2003 totalled $15.1 million, an increase of 22% as compared sequentially with $12.4 million reported in the previous quarter and a decrease of 3% as compared with $15.6 million reported in the previous fiscal year's fourth quarter. Net income for the fourth quarter of fiscal 2003 increased 109% to $2.5 million, or $0.20 per diluted share, compared with net income of $1.2 million, or $0.09 per diluted share, reported for the same quarter in the prior fiscal year.
"We had a strong finish to a tough year", said Nick Csendes, President and CEO of Ansoft.
"Even in this challenging environment, the positive momentum we see gives us confidence that we will grow between 10-15% in the coming year and increase profitability".
Revenue for the 2003 fiscal year totalled $47.3 million, a decrease of 11% compared with $53.4 million reported in the previous fiscal year.
Net loss for the 2003 fiscal was $3.1 million, or ($0.26) per diluted share, compared with net income of $1.2 million, or $0.09 per diluted share, reported in the prior fiscal year.
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