UPDATE 1-Ansys Q4 tops Street, sees spending pressure

Thu Feb 25, 2010 7:49am EST

* Q4 adj EPS $0.53 vs est $0.49

* Q4 software license rev up 6 pct

* Sees difficult spending environment

* Sees 2010 adj EPS $1.84-$1.93 vs est $1.92

Feb 25 (Reuters) - Engineering simulation software maker Ansys Inc (ANSS.O) posted a modestly better-than-expected quarterly profit, as revenue from software licenses grew sluggishly, and forecast a largely in-line 2010.

The company expects ongoing pressure on customer capital spending and prolonged sales cycles, it said in a statement.

Fourth-quarter net income increased to $37.6 million, or 42 cents per share, from $31.9 million, or 36 cents per share, a year earlier.

Excluding items, the company posted earnings of 53 cents a share, beating analysts' expectations of 49 cents a share, according to Thomson Reuters I/B/E/S.

Total revenue grew 11 percent to $150.4 million. Analysts were expecting revenue of $140.3 million.

For 2010, Ansys expects earnings of $1.84 to $1.93 a share, on revenue of $550 million to $575 million. Analysts were expecting a profit of $1.92 a share and revenue of $567.6 million. [ID:nWNAB1817]

Shares of the company closed at $44.04 Wednesday on Nasdaq. They have gained about 22 percent in the last six months. (Reporting by Sayantani Ghosh in Bangalore; Editing by Saumyadeb Chakrabarty)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.