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ANSYS 2008 Q4 Revenue Up, 2009 Estimate Down
Posted Thu March 12, 2009 @11:29AM
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News ANSYS has reported their Q4 2008 results and updated their 2009 outlook. Revenue for Q4 2008 rose 29% to $143.3 million. For the 2008 year, ANSYS revenue rose 27% to $493 million.

"By staying true to our strategic vision, we validated that the fundamentals of the ANSYS business remain strong, even in the midst of the macro challenges. Our customers' ability to innovate is essential to their future success, which in turn furthers the success of ANSYS. As a result, we continue to have a strong financial model that can drive profitable operations while ANSYS delivers on its promise to provide best in class engineering simulation," commented ANSYS President & CEO Jim Cashman.

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"The fourth quarter presented us with a combination of both challenges and opportunities. ANSYS' ability to deliver solid financial results was driven by our tight alignment with our customer's research and product development priorities, our broad portfolio of product solutions, and solid execution by our global workforce and channel partners. While we continue to face the realities of ongoing pressure on customer capital spending and prolonged sales cycles, we are also cognizant of the need to focus on and invest in our top priorities sales, technology innovation and the integration of Ansoft. During this past quarter, we made progress on a number of important fronts that we believe continue to position ANSYS for future long-term growth as we address the expanding needs of our diverse customer base."

ANSYS has revised it's 2009 guidance down 13% to $522 - $582 million from the $602 - $622 million offered at the end of Q3 2008.

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