PITTSBURGH – Ansys reported fiscal fourth quarter GAAP revenue up 8% year-over-year to $270.6 million. GAAP net income for the quarter was $70 million, up 3% year-over-year.

Fiscal 2016 revenue growth was $988.5 million, an increase of 5% compared to fiscal 2015. Net income was $265.6 million, up 5% year-over-year.

“The demand for Ansys’ portfolio has never been stronger,” said president and CEO Ajei Gopal. “The merger of the physical and digital worlds is creating an unprecedented disruption, resulting in amazing new products such as self-driving vehicles, personalized medical devices and smart buildings.

“I am very encouraged by our progress in sales growth initiatives in North America and Asia-Pacific, which grew 10% and 12% in constant currency, respectively.  Our European business had some challenges, and we have made changes to improve our sales execution. We saw continued improvements in our channel partners’ performance, most notably in China and India, where we had strong double-digit growth for the quarter and the full year. During the fourth quarter, we had 37 customers with orders in excess of $1 million, including eight enterprise agreements, bringing the total number of enterprise agreements to 18 for 2016, three above our previous projection.”

The firm expects revenue between $237 million and $246 million for the quarter ending Mar. 31. For fiscal 2017, Ansys expects revenue in the range of $1.01 billion and $1.045 billion.

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