Ansys Inc (ANSS) released earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $51.87 million, or $0.59 per share. This compares with $34.78 million, or $0.40 per share, last year.
Excluding items, Ansys Inc reported adjusted earnings of $144.15 million or $1.64 per share for the period.
Analysts on average had expected the company to earn $1.67 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 8.2% to $504.89 million from $466.61 million last year.
Ansys Inc earnings at a glance (GAAP) :
-Earnings: $51.87 Mln. vs. $34.78 Mln. last year.
-EPS: $0.59 vs. $0.40 last year.
-Revenue: $504.89 Mln vs. $466.61 Mln last year.
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