Ansoft Corp. (Pittsburgh, PA) announced financial results for its fourth quarter and fiscal year ended April 30, 2003. Revenue for the fourth quarter of fiscal 2003 totaled $15.1 million, an increase of 22% as compared sequentially to $12.4 million reported in the previous quarter and a decrease of 3% as compared to $15.6 million reported in the previous fiscal year's fourth quarter.
Net income for the fourth quarter of fiscal 2003 increased 109% to $2.5 million, or $0.20 per diluted share, compared to net income of $1.2 million, or $0.09 per diluted share, reported for the same quarter in the prior fiscal year.
Revenue for the 2003 fiscal year totaled $47.3 million, a decrease of 11% as compared to $53.4 million reported in the previous fiscal year. Net loss for the 2003 fiscal was $3.1 million, or $0.26 per diluted share, compared to net income of $1.2 million, or $0.09 per diluted share, reported in the prior fiscal year.
