News

Ansoft Reports First-Quarter 2003 Results

August 21, 2003 by Jeff Shepard

Ansoft Corp. (Pittsburgh, PA) announced financial results for its first quarter of fiscal 2004 ended July 31, 2003. Revenue for the first quarter totaled $10.7 million, an increase of 15% compared to $9.3 million reported in the previous fiscal year's first quarter. Net loss for the first quarter was $1.2 million, or $0.10 per diluted share, as compared to a net loss of $3.3 million, or $0.28 per diluted share, in the previous fiscal year's first quarter.

"We are pleased with our return to growth this quarter in light of the challenging business conditions," commented Nicholas Csendes, president and CEO. "Looking ahead to the rest of the fiscal year, we see growth of between 10% to 15% and increasing profitability."