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Ansys profit misses consensus by 27.3% in Q4

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Ansys profit misses consensus by 27.3% in Q4

Ansys, Inc. said its fourth-quarter normalized net income came to 70 cents per share, compared with the S&P Capital IQ consensus estimate of 96 cents per share.

EPS increased year over year from 68 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $61.4 million, compared with $61.1 million in the prior-year period.

The normalized profit margin declined to 22.7% from 24.3% in the year-earlier period.

Total revenue grew 7.5% year over year to $270.6 million from $251.6 million, and total operating expenses grew 12.1% on an annual basis to $173.5 million from $154.7 million.

Reported net income increased year over year to $70.3 million, or 80 cents per share, from $68.0 million, or 75 cents per share.

For the year, the company's normalized net income totaled $2.67 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.61.

EPS rose from $2.44 in the prior year.

Normalized net income was $237.9 million, a gain from $223.5 million in the prior year.

Full-year total revenue increased from the prior-year period to $988.5 million from $942.8 million, and total operating expenses grew year over year to $611.8 million from $588.3 million.

The company said reported net income increased year over year to $266.0 million, or $2.99 per share, in the full year, from $252.5 million, or $2.76 per share.