Ansoft Corporation (NASDAQ: ANST) today announced financial results
for its third quarter of fiscal 2008 ended January 31, 2008.
Revenue for the third quarter totaled $26.1 million, an increase of
15% compared to $22.7 million reported in the previous fiscal
year's third quarter. Operating income for the third quarter was
$10.0 million representing a 36% increase when compared to
operating income of $7.4 million in the previous fiscal year's
third quarter. On a generally accepted accounting principles (GAAP)
basis, net income for the third quarter was $6.5 million, or $0.26
per diluted share. This compares to GAAP net income of $6.3
million, or $0.24 per diluted share in the previous fiscal year's
third quarter. GAAP net income for the prior year�s third quarter
included a tax benefit of $1.1 million, or $0.04 per diluted share
for the retroactive enactment of the US Research and Development
Tax Credit. GAAP net income for the third quarter includes employee
stock-based compensation expense of $0.3 million, or $0.01 per
diluted share versus $0.6 million, or $0.02 per diluted share in
the previous fiscal year�s third quarter. Additionally, GAAP net
income for both the current and previous year�s third quarter
includes acquisition related amortization of $0.3 million, or $0.01
per diluted share. �We are pleased to report strong revenue growth
in both domestic and international markets,� said Nicholas Csendes,
Ansoft�s President and CEO. �For the fourth quarter, we expect
continued revenue growth of around 10-15%.� Ansoft is a leading
developer of high-performance electronic design automation (EDA)
software. Engineers use Ansoft software to achieve first-pass
system success when designing mobile communication and
Internet-access devices, broadband networking components and
systems, integrated circuits (ICs), printed circuit boards (PCBs)
and electromechanical systems. Ansoft markets its products
worldwide through its own direct sales force and has comprehensive
customer-support and training offices throughout North America,
Asia and Europe. This press release contains forward-looking
statements including those related to revenue growth for the
current fiscal year that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Act of 1995. These
forward-looking statements are based on management�s current
expectations and assumptions that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statement,
including, but not limited to, management�s ability to forecast
revenues and control expenses and the amount, timing and structure
of software licenses. For further information regarding risks and
uncertainties associated with Ansoft�s business, please refer to
Ansoft�s public reports filed with the SEC, including, but not
limited to, its annual report on Form 10-K for the fiscal year
ended April 30, 2007 and quarterly reports on Form 10-Q, copies of
which may be obtained at Ansoft�s website at
www.ansoft.com/about/investor/index.cfm. All information in this
release is as of February 14, 2008. Ansoft undertakes no duty to
update any forward-looking statement to conform the statement to
actual results or changes in Ansoft�s expectations. � � ANSOFT
CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In
thousands, except per share amounts) (unaudited) � Three months
endedJanuary 31, Nine months endedJanuary 31, 2008 � 2007 2008 �
2007 Revenue License $ 14,992 $ 13,147 $ 37,076 $ 32,270 Service
and other � 11,146 � 9,584 � 32,359 � 28,290 Total revenue 26,138
22,731 69,435 60,560 Costs of revenue License 167 164 459 425
Service and other � 465 � 403 � 1,308 � 1,096 Total cost of revenue
632 567 1,767 1,521 Gross profit 25,506 22,164 67,668 59,039
Operating Expenses Sales and marketing 9,108 8,030 25,754 23,646
Research and development 4,750 5,016 14,273 14,572 General and
administrative 1,317 1,451 4,095 4,075 Amortization � 295 � 290 �
875 � 982 Total operating expenses � 15,470 � 14,787 � 44,997 �
43,275 Income from operations 10,036 7,377 22,671 15,764 Other
income, net � 778 � 576 � 2,334 � 1,968 Income before income taxes
10,814 7,953 25,005 17,732 Income tax expense � 4,305 � 1,642 �
9,394 � 5,422 Net income $ 6,509 $ 6,311 $ 15,611 $ 12,310 Net
income per share Basic $ 0.28 $ 0.27 $ 0.67 $ 0.52 Diluted $ 0.26 $
0.24 $ 0.61 $ 0.47 Weighted average shares used in calculation
Basic � 23,329 � 23,599 � 23,451 � 23,609 Diluted � 25,182 � 26,138
� 25,454 � 26,163 � � � � ANSOFT CORPORATION CONSOLIDATED BALANCE
SHEETS (In thousands, except per share amounts) (unaudited) �
January 31, April 30, 2008 2007 � Assets Current assets Cash and
cash equivalents $ 30,530 $ 49,356 Accounts receivable, net of
allowance for doubtful accounts of $1,184 and $973, respectively
20,497 24,994 Deferred income taxes 4,027 1,441 Prepaid expenses
and other current assets � 2,218 � � 2,566 � Total current assets
57,272 78,357 � Equipment and furniture, net of accumulated
depreciation of $7,732 and $7,019, respectively 2,233 2,514
Marketable securities 33,580 22,383 Other assets 164 155 Deferred
income taxes 4,866 5,352 Goodwill 1,239 1,239 Other intangible
assets, net � 295 � � 1,170 � Total assets $ 99,649 � $ 111,170 �
Liabilities and stockholders' equity Current liabilities Accounts
payable $ 214 $ 626 Accrued payroll 1,768 3,380 Accrued income
taxes 2,618 603 Other accrued expenses 4,592 4,130 Current portion
of deferred revenue � 23,695 � � 26,244 � Total current liabilities
32,887 34,983 Accrued income taxes 3,444 - Long-term portion of
deferred revenue � 1,272 � � 1,404 � Total liabilities 37,603
36,387 � Stockholders' equity Preferred stock, par value $0.01 per
share; 1,000 shares authorized, no shares outstanding - - Common
stock, par value $0.01 per share; 50,000 shares authorized; issued
29,973 and 29,258 shares, respectively and outstanding 23,322 and
23,956, respectively 300 293 Additional paid-in capital 92,064
85,754 Treasury stock, 6,651 and 5,302 shares, respectively (85,884
) (49,176 ) Accumulated other comprehensive income (loss) 1,079
(964 ) Retained earnings � 54,487 � � 38,876 � Total stockholders'
equity � 62,046 � � 74,783 � Total liabilities and stockholders'
equity $ 99,649 � $ 111,170 �
Ansoft (NASDAQ:ANST)
Gráfica de Acción Histórica
De Sep 2024 a Oct 2024
Ansoft (NASDAQ:ANST)
Gráfica de Acción Histórica
De Oct 2023 a Oct 2024