Ansoft Corp. (Pittsburgh, PA) announced financial results for its first quarter of fiscal 2005 ended July 31, 2004. Revenue for the first quarter totaled $12.7 million, an increase of 19% compared to $10.7 million reported in the previous fiscal year's first quarter. Net income for the first quarter was $30,000, or $0.00 per diluted share, as compared to a net loss of $1.2 million, or $0.10 per diluted share, in the previous fiscal year's first quarter.
"Ansoft had a very successful first quarter," stated President and CEO Nicholas Csendes. "With the continued high level of activity we are experiencing worldwide, we expect to see good revenue growth and profitability for the balance of the year."
