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Ansys profit misses consensus by 19.4% in Q3


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Ansys profit misses consensus by 19.4% in Q3

Ansys, Inc. said its normalized net income for the third quarter amounted to 78 cents per share, compared with the S&P Capital IQ consensus estimate of 97 cents per share.

EPS climbed 9.4% year over year from 71 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $67.6 million, a gain of 6.9% from $63.2 million in the prior-year period.

The normalized profit margin dropped to 24.5% from 25.7% in the year-earlier period.

Total revenue rose 12.1% on an annual basis to $275.6 million from $245.9 million, and total operating expenses grew 16.2% year over year to $169.2 million from $145.6 million.

Reported net income grew 6.4% from the prior-year period to $73.6 million, or 85 cents per share, from $69.2 million, or 78 cents per share.