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Profit falls 18 percent for simulation software maker Ansys

| Thursday, May 7, 2009

Engineering simulation software maker Ansys Inc. said today its first-quarter profit fell more than 18 percent to $21.1 million, from $25.9 million a year ago.

Earnings per share for the three months ended March 31 were 23 cents, compared to 32 cents a year ago.

CEO Jim Cashman said the results reflect the global economic downturn, but were at the higher end of the company's guidance. Total revenue at Ansys, based in Cecil, Washington County, grew to $116.3 million, from $109.5 million in the three months ended March. 31.

Ansys recently released version 12.0 of its namesake software, used to test the performance of new products ranging from planes and speedboats to Olympic swimmers' suits.

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