ANSYS Updates FY16 Outlook - Quick Facts

(RTTNews) - ANSYS, Inc. (ANSS) announced, for the fiscal year ending December 31, 2016, the company expects: revenue in the range of $995.0 million - $1.03 billion; earnings per share of $2.86 - $3.05; and adjusted earnings per share of $3.53 - $3.69. The company said its previously provided fiscal 2016 guidance has been updated to reflect changes in currency exchange rates and to consider the recent increases in economic uncertainty and market volatility.

For the quarter ending March 31, 2016, the company expects: revenue in the range of $224.0 - $232.0 million; earnings per share of $0.57 - $0.62; and adjusted earnings per share of $0.74 - $0.77.

ANSYS announced that its Board has again increased the authorized share repurchase program to 5.0 million shares.