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ANSYS Q3 Earnings Top View

ANSYS, Inc. (ANSS), a developer of engineering simulation software and services, Thursday said its third-quarter net income improved to $66.03 million from $65.48 million in the previous year. Earnings per share advanced to $0.72 from $0.70.

Adjusted earnings per share were $0.90, while it totaled $0.89 last year. On average, 11 analysts polled by Thomson Reuters expected earnings of $0.87 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue grew to $237.84 million from $234 million in the prior year. Adjusted revenues were $238.2 million, compared to $235.5 million last year. Analysts expected revenues of $237.76 million.

For the fourth quarter, the company expects adjusted earnings per share of $0.83 - $0.88 and revenues of $252.0 - $260.0 million. Analysts look for earnings of $0.94 per share on revenues of $265.46 million.

For the year, earnings are estimated to be $3.35 - $3.40, on revenues of $944.5 - $952.5 million. Wall Street looks for earnings of $3.43 on revenues of $957.37 million.

The company expects fiscal 2016 earnings per share of $3.58 - $3.76 and revenue in the range of $1.01 - $1.05 billion. Analysts look for earnings of $3.79 per share on revenues of $1.04 billion.

by RTTNews Staff Writer

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