TribLIVE

| 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.

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.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Business Headlines

  1. Steelworkers union says ATI talks to resume
  2. Steelworkers union says ATI talks to resume
  3. Sniffer lets PixController detect methane gas leaks
  4. Trib 30 takes bigger hit than Dow in August
  5. ModCloth gets physical
  6. Gasoline prices down nearly a dime in Pittsburgh area
  7. Tubman, Anthony win support for redesigned $10 bill
  8. Shale gas violations down as DEP steps up inspections
  9. Macy’s prepares outlet stores
  10. Popularity of emerging markets wanes
  11. Alpha Natural Resources executive resigns amid restructuring