ANSYS Q4 Earnings Increase

(RTTNews) - ANSYS, Inc (ANSS), a developer of engineering simulation software and services, Thursday reported a rise in earnings for the fourth quarter, chiefly due revenue growth and an incremental tax benefit.

Earnings increased to $75.93 million or $0.80 per share, from $56.06 million or $0.59 per share, a year earlier.

Fourth-quarter results included a $11 million or $0.12 per share incremental tax benefit.

Adjusted earnings increased to $91.63 million or $0.96 per share, from $75.33 million or $0.79 per share a year ago.

On average, 10 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.86 for the quarter. Analysts's estimates typically exclude one-time items.

Revenue for the 3-month period rose to $236.02 million from $220.75 million a year earlier.

For the first quarter of 2014, the company expects earnings per share of $0.55 to $0.60 on revenue of $210.5 million to $219 million. Adjusted earnings per share are expected to be $0.73 to $0.76.

For the full-year 2014, earnings per share is expected to be $2.53 to $2.71 on revenue of $935 million to $966 million. Adjusted earnings per share are expected to be $3.25 to $3.37.

Analysts, on average, expect first-quarter earnings of $0.76 on revenue of $217.84 million. For the full year, the Street view is for $3.32 in earnings and $950.28 million for revenue.