| Business

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Ansys posts higher quarterly profit; revises outlook downward

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

Thursday, May 2, 2013, 12:09 p.m.

Ansys Inc.'s net income increased 12 percent in the January-March quarter on higher revenue, the Cecil-based software maker said.

Ansys said it expects net income of $2.24 to $2.36 a share for 2013. In February, the company predicted 2013 earnings of $2.25 to $2.41 a share.

Net income in the first quarter was $51.0 million, or 54 cents a share, compared with $45.5 million, or 48 cents a share, in the first quarter 2012.

Revenue was $197.7 million in the quarter, compared with $185.3 million the previous year.

Ansys' earnings beat analyst expectations, but revenue was lower than predicted.

Investors pushed the company's shares down $6.07 to $73.93 on the Nasdaq Stock Market.

Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or

Add Alex Nixon to your Google+ circles.

Subscribe today! Click here for our subscription offers.




Show commenting policy

Most-Read Stories

  1. Penguins fall to 0-3 after losing to Canadiens
  2. Wildcat formation is pulled back out of Steelers’ bag of tricks
  3. Rossi: Just wait until Ben comes back
  4. Man killed by train in Homestead
  5. Steelers notebook: Tomlin dismisses clock run-off near end of Chargers game
  6. Tomlin on Bell’s late TD: ‘We were going to go for it’
  7. Pitt TE Holtz quietly taking on leadership role, setting example
  8. Pirates coach Sofield interviews for Padres manager
  9. KitchenWise: Master the easy art of cooking dried beans from scratch
  10. Losing jobs over Ex-Im’s expiration? Don’t believe it
  11. Federal authorities say they’ve solved botnet scheme that stole millions from Penneco Oil, targeted Sharon City School District