| Business

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

Ansys posts higher quarterly profit; revises outlook downward

Email Newsletters

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. Steelers stalled by Seahawks, on outside of AFC wild-card picture
  2. Steelers’ Roethlisberger reported symptoms that led to his exit vs. Seahawks
  3. Steelers players say they support Tomlin’s attempts at deception
  4. Rossi: It’s past time for NFL to protect players
  5. Family of man accused of shooting St. Clair officer say allegations don’t fit his character
  6. Week 12 — Steelers-Seahawks gameday grades
  7. Community comes together to mourn death of St. Clair police officer
  8. Steelers notebook: Seahawks’ Sherman gets better of WR Brown
  9. Sports Deli is latest tenant to say goodbye to Parkway Center Mall
  10. Pennsylvania Game Commission reaps revenue from shale gas under game lands
  11. Marshall’s Fluhme Glam Bar hopes to take beauty concept nationwide