Product category: Design and Development Software
News Release from: Ansoft Europe
Edited by the Electronicstalk Editorial Team on 24 November 2003
Profitability beckons for Ansoft
Ansoft Corp has released financial results for its second quarter of fiscal 2004 ended 31st October 2003
Revenue for the second quarter totalled $12.3 million, an increase of 16% compared with $10.6 million reported in the previous fiscal year's second quarter. Net loss for the second quarter was $22,000, essentially break even per diluted share, as compared with a net loss of $2.2 million, or $0.19 per diluted share in the previous fiscal year's second quarter.
"We are pleased with our continued growth this quarter", said Nicholas Csendes, Ansoft's President and CEO.
"For the full fiscal year, our guidance remains intact with growth of between 10 and 15% and increasing profitability".
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