Ansys has solid first quarter
CANONSBURG – Ansys Inc., a global provider of engineering simulation software, released first-quarter financial figures Thursday showing gains in many areas.
The Southpointe II-based company reported revenue of $225.9 million, up 4 percent from $217.8 million for the same quarter of 2015. Net income increased to $56.5 million, a 1 percent rise from $56.1 million to 56.5 million. Earnings per share were $0.63 for the recent quarter, a 3 percent bump from $0.61.
Operating profit margin likeiwse went up, from 36.8 percent for the first three months last year to 37.6 percent. Operating cash flow, however, declined 5 percent, from $114.1 million to $108.6 million for the quarter that ended in March.
“Our first-quarter results reflect a solid start to the year,” said Jim Cashman, Ansys president and CEO. “We achieved strong margins and earnings, we generated over $100 million in operating cash flow and we continued to return capital to shareholders through our recently increased share repurchase plan.”