ANSYS, Inc (ANSS) has reported 12.11 percent rise in profit for the quarter ended Mar. 31, 2017. The company has earned $63.31 million, or $0.73 a share in the quarter, compared with $56.47 million, or $0.63 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $77.49 million, or $0.73 a share compared with $69.43 million or $0.77 a share, a year ago. Revenue during the quarter grew 12.17 percent to $253.40 million from $225.91 million in the previous year period. Gross margin for the quarter expanded 101 basis points over the previous year period to 85.39 percent. Total expenses were 66.27 percent of quarterly revenues, up from 62.36 percent for the same period last year. That has resulted in a contraction of 391 basis points in operating margin to 33.73 percent.
Operating income for the quarter was $85.47 million, compared with $85.02 million in the previous year period.
However, the adjusted operating income for the quarter stood at $117.58 million compared to $104.87 million in the prior year period. At the same time, adjusted operating margin contracted 2 basis points in the quarter to 46.40 percent from 46.42 percent in the last year period.
“Innovative companies rely on ANSYS’ industry-leading solutions to tame product complexity and improve time to market. Our strong start to the year demonstrates that customer demand for ANSYS’ product portfolio is stronger than ever,” said Ajei Gopal, ANSYS President and Chief executive officer. “I am delighted to see our focus on sales execution has resulted in substantial year-over-year growth in software license revenues, in double-digit revenue growth in both North America and Asia-Pacific, and in continued solid performance from our channel partners, most notably in China, India, and South Korea. While our European business has shown early signs of revitalization, for example with double-digit growth in France, we still have organizational and go-to-market work ahead of us to get Europe delivering on par with our other geographies. We are committed to investing in our business to capture the exciting long-term opportunities we see ahead,” Gopal added.
For the second-quarter 2017, ANSYS, Inc expects revenue to be in the range of $253.60 million to $262.60 million and its adjusted revenue to be in the range of $254 million to $263 million. the company expects diluted earnings per share to be in the range of $0.66 to $0.76 and its adjusted diluted earnings per share to be in the range of $0.88 to $0.93
For fiscal year 2017, ANSYS, Inc expects revenue to be in the range of $1,029 million to $1,057 million and its adjusted revenue to be in the range of $1,030 million to $1,058 million. the company expects diluted earnings per share to be in the range of $2.91 to $3.71 and its adjusted diluted earnings per share to be in the range of $3.68 to $3.85
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