Ansys Inc Q4 adjusted earnings Beat Estimates

(RTTNews) - Ansys Inc (ANSS) released a profit for its fourth quarter that climbed from the same period last year.

The company's earnings came in at $165.9 million, or $1.91 per share. This compares with $153.2 million, or $1.79 per share, in last year's fourth quarter.

Excluding items, Ansys Inc reported adjusted earnings of $194.7 million or $2.24 per share for the period.

Analysts had expected the company to earn $1.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.0% to $486.2 million from $415.4 million last year.

Ansys Inc earnings at a glance:

-Earnings (Q4): $194.7 Mln. vs. $182.1 Mln. last year. -EPS (Q4): $2.24 vs. $2.13 last year. -Analysts Estimate: $1.98 -Revenue (Q4): $486.2 Mln vs. $415.4 Mln last year.