AP NEWS

Ansys: 4Q Earnings Snapshot

February 26, 2020 GMT

CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported fourth-quarter earnings of $165.9 million.

The Canonsburg, Pennsylvania-based company said it had net income of $1.91 per share. Earnings, adjusted for one-time gains and costs, came to $2.24 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.

The maker of engineering-simulation software posted revenue of $486.2 million in the period. Its adjusted revenue was $492.5 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $471.6 million.

For the year, the company reported profit of $451.3 million, or $5.25 per share. Revenue was reported as $1.53 billion.

For the current quarter ending in April, Ansys expects its per-share earnings to range from 75 cents to 88 cents. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.05.

The company said it expects revenue in the range of $300 million to $320 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $460 million.

Ansys expects full-year earnings in the range of $6.19 to $6.71 per share, with revenue ranging from $1.64 billion to $1.7 billion.

Ansys shares have risen 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $270.19, a rise of 55% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANSS at https://www.zacks.com/ap/ANSS