Ansoft Corp. (Pittsburgh, PA) announced financial results for its first fiscal quarter ended July 31, 2001.
Revenue for the first quarter of fiscal 2002 totaled $11.2 million, an increase of 29 percent compared to $8.7 million reported in the previous fiscal year's first quarter.
Pro-forma net income for the first quarter of fiscal 2002 was $916,000, or $0.07 per diluted share, which excludes the effects of the amortization of intangibles of $1.2 million, and research and development expenses of $938,000 for Altra Broadband. This compares with a pro-forma net income of $324,000, or $0.03 per diluted share, reported for the same quarter in the prior fiscal year, which excludes the effects of the amortization of intangibles of $625,000, and research and development expenses of $175,000 for Altra Broadband.
Nick Csendes, president and CEO of Ansoft said, "Our core software business continues to perform exceptionally well, led by a 63 percent increase in sales of HFSS, our flagship product."
