Feb 25, 2016 1 min read

Ansys Inc., the Southpointe-based engineering simulation software provider, reported fourth-quarter and fiscal year 2015 results Thursday.

The company said it had strong earnings and cash flows in the fourth quarter. It reported GAAP revenue of $251.6 million and non-GAAP revenue of $252.0 million, each a 4 percent increase, and operating cash flows of $109.2 million.

For the year, the company said GAAP revenue increased 8 percent, to $942.8 million, and non-GAAP revenue 7 percent, to $944.5 million.

Ansys reported operating cash flows of $109.2 million for the fourth quarter, and $367.5 million for the fiscal year.

It said it repurchased 1.0 million shares in the quarter and 3.8 million shares for the fiscal year.

For the quarter, the company reported diluted earnings per share of $0.91 non-GAAP and $0.75 GAAP, and for the fiscal year $3.42 non-GAAP and $2.76 GAAP.

Jim Cashman, president and CEO, said in a prepared statement: “The fourth quarter presented us with a combination of both challenges and opportunities. Our earnings surpassed the high end of our expectations, while Q4 revenue came in at the low end of our expectations. … While we did not accomplish all that we set out to do at the beginning of 2015, we believe that we are very well positioned as we enter 2016.”