CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported fourth-quarter earnings of $203.2 million.

The Canonsburg, Pennsylvania-based company said it had profit of $2.30 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $2.81 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.

The maker of engineering-simulation software posted revenue of $655.7 million in the period. Its adjusted revenue was $661.4 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $636.2 million.

For the year, the company reported profit of $454.6 million, or $5.16 per share. Revenue was reported as $1.93 billion.

For the current quarter ending in April, Ansys expects its per-share earnings to range from $1.05 to $1.22. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.22.

The company said it expects revenue in the range of $395 million to $420 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $401.7 million.

Ansys expects full-year earnings in the range of $7.64 to $8.10 per share, with revenue ranging from $2.04 billion to $2.11 billion.

Ansys shares have declined 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $297.08, a decrease of 21% 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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