Ansoft Announces Fourth Quarter Results


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Pittsburgh — Ansoft Corp. has announced financial results for its fourth quarter and fiscal year ended April 30, 2003.

Revenue for the fourth quarter of fiscal 2003 totaled $15.1 million, an increase of 22 percent as compared sequentially to $12.4 million reported in the previous quarter and a decrease of 3 percent as compared to $15.6 million reported in the previous fiscal year's fourth quarter.

Net income for the fourth quarter of fiscal 2003 increased 109 percent to $2.5 million, or 20 cents per diluted share, compared to net income of $1.2 million, or 9 cents per diluted share, reported for the same quarter in the prior fiscal year.

Revenue for the 2003 fiscal year totaled $47.3 million, a decrease of 11 percent as compared to $53.4 million reported in the previous fiscal year. Net loss for the 2003 fiscal was $3.1 million, or 26 cents per diluted share, compared to net income of $1.2 million, or 9 cents per diluted share, reported in the prior fiscal year.

Ansoft Corp. is a leading developer of high-performance electronic design automation (EDA) software. For more information, visit www.ansoft.com.

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