PITTSBURGH -- Ansys today announced first-quarter revenue rose 1.2% year-over-year to $217.8 million.

Net income fell 1% to $56.1 million. Sales were up 8% in constant currency.

Recurring revenue, which is comprised of lease license and annual maintenance revenue, totaled 76% of revenue for the first quarter.

"We saw solid execution in North America and Asia-Pacific with 11% and 9% revenue growth in constant currency, respectively. As expected, we continued to be negatively impacted in Europe by the combination of the uncertain macroeconomic environment, stiff currency headwinds and slower than planned sales capacity expansion, with revenue growth year-over-year of 5% in constant currency," said Jim Cashman, Ansys president and chief executive. "During the quarter, we continued to make important progress on sales hiring in most geographies and on our product portfolio." 

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