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Ansys: 1Q Earnings Snapshot

CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Wednesday reported first-quarter profit of $86.2 million.

The Canonsburg, Pennsylvania-based company said it had profit of $1.01 per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.29 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The maker of engineering-simulation software posted revenue of $317.1 million in the period. Its adjusted revenue was $319.9 million, also topping Street forecasts. Eight analysts surveyed by Zacks expected $305.9 million.

For the current quarter ending in July, Ansys expects its per-share earnings to range from $1.18 to $1.30. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.37.

The company said it expects revenue in the range of $325 million to $345 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $341.2 million.

Ansys expects full-year earnings in the range of $5.75 to $6.10 per share, with revenue ranging from $1.43 billion to $1.48 billion.

Ansys shares have climbed 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $192.13, an increase of 19% in the last 12 months.

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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