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ANSYS Turns In a Great Quarter and Year

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Randall S. Newton, March 3, 2008

ANSYS (Nasdaq: ANSS), last week reported its first $100 million quarter on revenue that rose 30% for the year. Operating income for all of 2007 soared 3.5 times, debt is down by half, and cash on hand is up 65%. The company says it is a great time to be selling analysis software. We think good management might also have something to do with the stellar results.

CEO Jim Cashman says a combination of factors are responsible for the great quarter and year. There are many new customers, and existing customers are placing new and larger orders. He said there were several “impressive” seven-figure deals and “a few dozen” six-figure deals. Customers are telling ANSYS that market pressures are forcing them to invest in analysis and simulation, and that they see ANSYS as a stable long-term partner.


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Total revenue for the fourth quarter of 2007 (October-December 2007) was $111.2 million, up from $85.2 million in 2006. For the year, revenue was $385.3 million, up from $263.6 million in 2007. Net income was $29.3 million in Q4, compared to $12.3 million in Q4 2006. Annual net income was $82.4 million, compared to $14.2 million in 2006.

Cash and short-term investments on hand at the end of 2007 was $171 million, up from $104.4 million in 2006.

Software sales were $75.5 million for Q4, while maintenance and services brought in $35.6 million. For the year, software sales were $253.3 million and maintenance/services was $132 million.

 

The full article is available for a fee at CADCAMNet.
 

 
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