Log in / Register
  • How to Run a Design of Experiments

    How to Run a Design of Experiments

    A review of the six fundamental steps behind scientific process development.
      READ MORE...

  • American Standard Circuits’ Push for UHDI is On

    American Standard Circuits’ Push for UHDI is On

    After new technology investments, the flagship operation of the Chicago-based fab is primed for growth.
      READ MORE...

  • Collaborating Across the Industry

    Collaborating Across the Industry

    The High Density Packaging User Group drives innovation through active partnerships.
      READ MORE...

  • Semi-Flexible PCBs: Flexibility without the Polyimide Price Tag

    Semi-Flexible PCBs: Flexibility without the Polyimide Price Tag

    Why a relatively unknown technology might be right for static bend applications.
      READ MORE...

  • Embedded Sensors in Flex Circuits

    Embedded Sensors in Flex Circuits

    From glob top to lamination, solutions for sealing parts in flex.
      READ MORE...

Homepage Slideshow

Ansoft Reports Record Q4 Revenue

Published: 23 May 2007
 by Staff
PITTSBURGH – Ansoft Corp. reported record financial results for its fourth quarter of fiscal 2007 ended April 30, 2007. Revenue for the fourth quarter totaled $28.6 million, an increase of 16% compared to $24.7 million reported in the previous fiscal year's fourth quarter.
 
On a generally accepted accounting principles (GAAP) basis, net income for the fourth quarter was $7.9 million compared to GAAP net income of $8.3 million. GAAP net income for the previous fiscal year's fourth quarter included a $1 million income tax benefit associated with the reversal of the company's remaining valuation allowance for certain U.S. Federal net deferred tax assets.
 
GAAP net income for the current quarter includes acquisition related amortization of $0.3 million. This compares to acquisition related amortization of $0.4 million in the previous fiscal year's fourth quarter.
 
"We experienced strong revenue growth and are pleased to report record revenue for the fourth quarter," said Nicholas Csendes, Ansoft's president and CEO. "For the next fiscal year, we anticipate continued revenue growth of around 10-15%."
 
Revenue for the fiscal year totaled $89.1 million, an increase of 15% compared to $77.2 million reported in the previous fiscal year.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article