Ansys Q1 Adj. Profit Meets View; Issues Q2 Outlook - Quick Facts

(RTTNews) - Ansys Inc. (ANSS) reported that its first-quarter net income was $56.1 million or $0.61 per share, compared to $56.5 million or $0.60 per share in the same quarter last year.

Non-GAAP earnings per share increased to $0.77 from $0.76 in the prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.77 per share. Analysts' estimates typically exclude special items.

Revenues for the latest first quarter rose to $217.78 million from $215.27 million in the prior year quarter, while Non-GAAP revenue rose 1% to $218.37 million from $216.50 million in the previous year period. Analysts had a consensus revenue estimate of $222.19 million for the quarter.

Looking ahead for the second-quarter, the company expects GAAP earnings per share of $0.59 - $0.66, Non-GAAP earnings per share of $0.78 - $0.82, GAAP revenue of $229.6 million - $237.6 million, and Non-GAAP revenue of $230.0 million - $238.0 million. Analysts expect the company to report earnings of $0.86 per share and revenues of $239.14 million for the second-quarter.

For fiscal Year 2015, the company now expects GAAP earnings per share of $2.74 - $2.85, Non-GAAP earnings per share of $3.40 - $3.49, GAAP revenue of $941.6 million-$966.6 billion, and Non-GAAP revenue of $943.0 million - $968.0 billion. Analysts expect the company to report earnings of $3.47 per share and revenues of $965.78 billion for fiscal 2015.

Earlier, the company expected 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.