Ansoft Announces First-Quarter Financial ResultsSeptember 16, 2001 by Jeff Shepard
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."