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Ansoft Q4 Earnings Increase
Written by Tracy Heffner
Friday, 27 May 2005
PITTSBURGH, May 27, 2005 – Ansoft Corp., a developer of high-performance electronic design automation (EDA) software, has released increased financial results for its fourth quarter of fiscal 2005 ended April 30, 2005.
According to an article, revenue for the fourth quarter totaled $21.7 million, an increase of 22% compared to $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, a 49% increase when compared to net income of $3.3 million in the previous fiscal year's fourth quarter. On a GAAP basis, net income for the fourth quarter was $4.7 million compared to GAAP net income of $2.8 million in the previous fiscal year's fourth quarter.
Revenue for the fiscal year totaled $67.7 million, compared to $54.7 million reported in the previous fiscal year.
On a non-GAAP basis, net income for the fiscal year was $10.4 million, a 130% increase when compared to net income of $4.5 million in the previous fiscal year. On a GAAP basis, net income for the fiscal year was $9.4 million compared to GAAP net income of $2.6 million 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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