Product category: Design and Development Software
News Release from: Ansoft Europe
Edited by the Electronicstalk Editorial Team on 31 May 2005
Record revenue and earnings for Ansoft
Ansoft Corp has published financial results for its fourth quarter of fiscal 2005 ended 30th April 2005
Revenue for the fourth quarter totalled $21.7 million, an increase of 22% compared with $17.8 million reported in the previous fiscal year's fourth quarter. On a non-GAAP basis, net income for the fourth quarter was $4.9 million, or $0.38 per diluted share, representing a 49% increase when compared with net income of $3.3 million, or $0.25 per diluted share in the previous fiscal year's fourth quarter.
This article was originally published on Electronicstalk on 31 May 2005 at 8.00am (UK)
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Ansoft Corp has revealed its financial results for its fourth quarter and fiscal year ended 30th April 2004
On a generally accepted accounting principles (GAAP) basis, net income for the fourth quarter was $4.7 million, or $0.36 per diluted share, compared with GAAP net income of $2.8 million, or $0.21 per diluted share in the previous fiscal year's fourth quarter.
Revenue for the fiscal year totalled $67.7 million, compared with $54.7 million reported in the previous fiscal year.
On a non-GAAP basis, net income for the fiscal year was $10.4 million, or $0.80 per diluted share, representing a 130% increase when compared with net income of $4.5 million, or $0.34 per diluted share in the previous fiscal year.
On a generally accepted accounting principles (GAAP) basis, net income for the fiscal year was $9.4 million, or $0.73 per diluted share, compared with GAAP net income of $2.6 million, or $0.19 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 revenue growth of around 15% as well as increasing profitability of around 25%'.
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