|
Industry News |
April 26, 1999 |
|
|
|
|
First-Quarter 1999 Revenues Total $15.9
Million SOUTHPOINTE, PA, Apr. 22 -- ANSYS, Inc., a provider of design analysis and optimization software, has reported a 34-percent increase in net income and a 12-percent increase in revenue for the quarter ended March 31, 1999, as compared to the first quarter of 1998. According to ANSYS, this represents the strongest quarterly performance in the company's history. Net income for the 1999 first quarter totaled $3.7 million, or $0.22 diluted earnings per share, based on 16.8 million weighted average common shares outstanding. This compares with 1998's first-quarter net income of $2.8 million, or $0.17 diluted earnings per share, based on 16.7 million weighted average common shares outstanding. Revenue for the quarter ended March 31, 1999, totaled $15.9 million, compared with $14.2 million for the same period in 1998. "We are very encouraged by our first-quarter 1999 performance across a number of categories," said Peter J. Smith, ANSYS chairman and CEO. "Our ANSYS 5.5 and DesignSpace 4.1 product families are both being very well received. New paid-up license growth was particularly strong, reflecting both the continued performance of our European business and positive results from the steps that were taken in the fourth quarter of 1998 to bolster our North American operations." Smith added that the company has also received positive initial response to ANSYS/Professional, a new engineering toolkit designed for structural and thermal simulation. ANSYS said that new paid-up licenses for the first-quarter included companies such as Foster Wheeler Energy Ltd., Lucas Diesel Systems, Hydril Company, EDS/Rolls Royce, and Canon, Inc. In addition, the company received renewals of lease and maintenance contracts with established customers such as Ford Motor Company, Alstom, VolvoAero Corporation, Quantum Corporation, Allied Signal, Toyoda Machine Works, and Westinghouse Electric Corporation.
|
|