CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported fourth-quarter profit of $215.6 million.
On a per-share basis, the Canonsburg, Pennsylvania-based company said it had net income of $2.46. Earnings, adjusted for one-time gains and costs, came to $2.96 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.
The maker of engineering-simulation software posted revenue of $623.7 million in the period. Its adjusted revenue was $627.8 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $564.6 million.
For the year, the company reported profit of $433.9 million, or $4.97 per share. Revenue was reported as $1.7 billion.
For the current quarter ending in April, Ansys expects its per-share earnings to range from 73 cents to 90 cents. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.13.
The company said it expects revenue in the range of $335 million to $360 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $358.8 million.
Ansys expects full-year earnings in the range of $6.44 to $6.92 per share, with revenue ranging from $1.79 billion to $1.88 billion.
Ansys shares have climbed almost 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $385.37, a rise 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
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