ANSYS, Inc. (ANSS) has reported a 2.88 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $69.98 million, or $0.80 a share in the quarter, compared with $68.02 million, or $0.75 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $86.12 million, or $0.98 a share compared with $82.42 million or $0.91 a share, a year ago.
Revenue during the quarter grew 7.54 percent to $270.63 million from $251.65 million in the previous year period. Gross margin for the quarter expanded 30 basis points over the previous year period to 85.60 percent. Total expenses were 64.17 percent of quarterly revenues, up from 61.48 percent for the same period last year. That has resulted in a contraction of 269 basis points in operating margin to 35.83 percent.
Operating income for the quarter was $96.97 million, compared with $96.94 million in the previous year period.
However, the adjusted operating income for the quarter stood at $122.09 million compared to $119.72 million in the prior year period. At the same time, adjusted operating margin contracted 246 basis points in the quarter to 45.11 percent from 47.58 percent in the last year period.
Ajei Gopal, ANSYS president & chief executive officer, stated, "The demand for ANSYS' portfolio has never been stronger. The merger of the physical and digital worlds is creating an unprecedented disruption, resulting in amazing new products such as self-driving vehicles, personalized medical devices and smart buildings. But the complexity required to develop these products is immense. ANSYS is the only company with the depth and breadth of simulation capabilities to empower our customers to bring this next generation of products to the market."
For financial year 2017, ANSYS, Inc. projects revenue to be in the range of $1,010 million to $1,045 million. It projects adjusted revenue to be in the range of $1,010 million to $1,045 million. It forecasts diluted earnings per share to be in the range of $2.84 to $3.16. It forecasts diluted earnings per share to be in the range of $3.63 to $3.83 on adjusted basis for the same period.
For the first-quarter, ANSYS, Inc. projects revenue to be in the range of $237 million to $246 million. It projects adjusted revenue to be in the range of $237 million to $246 million. It forecasts diluted earnings per share to be in the range of $0.51 to $0.63. It forecasts diluted earnings per share to be in the range of $0.81 to $0.85 on an adjusted basis for the same period.
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