Ansys Q4 Profit Declines; Issues Q1 Outlook - Quick Facts

(RTTNews) - Ansys Inc. (ANSS) reported that its fourth quarter net income was $69.6 million or $0.74 per share, down from $75.9 million or $0.80 per share in the same quarter last year.

Non-GAAP earnings per share declined to $0.92 from $0.96 in the prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.81 per share. Analysts' estimates typically exclude special items.

Revenues for the latest fourth quarter rose to $254.38 million from $236.02 million in the prior year quarter, while Non-GAAP revenue rose 8% to $255.50 million from $236.70 million in the previous year period. Analysts had a consensus revenue estimate of $250.32 million for the quarter.

Looking ahead for the first-quarter, the company expects GAAP earnings per share of $0.54 - $0.62, Non-GAAP earnings per share of $0.74 - $0.79, GAAP revenue of $216.5 million - $224.5 million, and Non-GAAP revenue of $217.0 million - $225.0 million. Analysts expect the company to report earnings of $0.80 per share and revenues of $228.64 million for the first-quarter.

For fiscal Year 2015, the company updated its outlook solely for changes in currency and now expects GAAP earnings per share of $2.70 - $2.85, Non-GAAP earnings per share of $3.40 - $3.51, GAAP revenue of $944.8 million-$974.8 billion, and Non-GAAP revenue of $946.0 million - $976.0 billion. Analysts expect the company to report earnings of $3.57 per share and revenues of $993.14 billion for fiscal 2015.

Earlier, the company expected GAAP earnings per share of $2.82 - $2.97, Non-GAAP earnings per share of $3.53 - $3.64, GAAP revenue of $983.1 million-$1.013 billion, and Non-GAAP revenue of $984.0 million - $1.014 billion.