Ansys, Inc. (NASDAQ:ANSS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 6.74%.
Ansys, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.58% to $0.71 in the quarter versus EPS of $0.66 in the year-earlier quarter.
Revenue: Rose 7.63% to $199.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ansys, Inc. reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.69. It missed the average revenue estimate of $204.26 million.
Quoting Management: “Our Q1 results reflect a resilient business in a less than robust, and somewhat unpredictable, global economy. Most major metrics of the business performed as anticipated, highlighted by solid margins and earnings, a record deferred revenue and backlog balance of $399 million, and all-time high first quarter cash flows from operations of $95 million,” commented Jim Cashman, ANSYS President and Chief Executive Officer. “These results reflect the impact of the persistent dedication and efforts of the global ANSYS team. We entered into the year with cautious optimism, and throughout the quarter we focused on those aspects of the business that we could control. While we continued to deliver on a number of key financial metrics, we also see opportunities as 2013 continues to unfold. We believe that we have a solid foundation and are well positioned to continue to invest in our business for the long term. We will continue to focus our efforts to capitalize on the global market opportunities for growth, leveraging our extensive customer base and technological leadership position to drive results and deliver on our commitments.”
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