CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported first-quarter profit of $46.1 million.

On a per-share basis, the Canonsburg, Pennsylvania-based company said it had net income of 53 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 83 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The maker of engineering-simulation software posted revenue of $305 million in the period. Its adjusted revenue was $308.9 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $306.8 million.

For the current quarter ending in July, Ansys expects its per-share earnings to range from $1.01 to $1.33. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.41.

The company said it expects revenue in the range of $335 million to $375 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $379.9 million.

Ansys expects full-year earnings in the range of $5.61 to $6.23 per share, with revenue ranging from $1.56 billion to $1.63 billion.

Ansys shares have climbed 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $268.07, an increase of 39% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANSS at https://www.zacks.com/ap/ANSS

Automated Insights, source Associated Press News