TribLIVE

| Business


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

Ansys posts higher quarterly profit; revises outlook downward

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 anixon@tribweb.com.

Add Alex Nixon to your Google+ circles.

 

 

 
 


Show commenting policy

Most-Read Stories

  1. Starkey: Chryst a miserable failure at Pitt
  2. Ex-Penguins defenseman Niskanen still miffed by coaches’ firings
  3. Police investigate alleged institutional sexual assault
  4. Pitt football fights to overcome steppingstone status
  5. Pitt players support Rudolph for job
  6. Pouliot scores in NHL debut as Penguins tame Panthers
  7. Steelers’ Bell, Chiefs’ Charles elevating running back position in NFL
  8. Pittsburgh police break up customer fights over Air Jordan 11 shoes
  9. Warning about cop-killer came moments too late
  10. South Fayette football team distributes Steelers tickets to Carlynton, Wilkinsburg
  11. Jeannette company’s miniature steam engines coveted for decades
Subscribe today! Click here for our subscription offers.