Ansys Reports Strong Q4 Earnings, Surpassing Wall Street Expectations
CANONSBURG, Pa. (AP) - Ansys Inc. (ANSS) released its fourth-quarter financial results, exceeding market expectations.
Key Metrics:
* Net income: $282.7 million
* Earnings per share (EPS): $3.21
* Adjusted EPS: $4.44
* Revenue: $882.2 million
Analysts' Estimates Surpassed:
The average analyst estimate for earnings per share was $4.00, which Ansys surpassed by $0.44. The estimated revenue of $873.6 million was also exceeded.
Full-Year Summary:
For the full year, Ansys reported:
* Net income: $575.7 million
* EPS: $6.55
* Revenue: $2.54 billion
Share Performance:
Ansys shares have seen a slight decline since the start of the year. At the close of trading on Wednesday, shares stood at $336.74, marking an increase of over 1% in the past 12 months.