ANSYS reports solid Q3

Earnings keep rolling on in, with the September quarter looking good but some companies nervous about the fourth quarter economic outlook. Not ANSYS, though. It’s time for another quick update: Ansys today reported that Q3 revenue was $172.9 million versus the...

Acquisition mania

I’ve been working on a mid-year update of my market numbers for CAE (which show better than expected growth to date in 2011) and am stunned by the rapid pace of acquisitions we’ve seen this year. It’s one thing to note them as they happen, but when...

News you may have missed, 16 Sept

The industry’s acquisition binge continues, with news of a new deal just about every week: Bentley invests in TEEC Bentley Systems announced yesterday that the company has taken a minority equity stake in The Engineering Essentials Company (TEEC) and placed a person...

ANSYS Q2 makes investors smile

ANSYS today announced results for Q2 and outlook for the rest of the year that sent shares up by over 5% in early trading on the NASDAQ and finally answering some questions about its Apache acquisition. ANSYS reported revenue for the second quarter of 2011, up 18% to...
ANSYS to acquire Apache – who?

ANSYS to acquire Apache – who?

I spent a good part of the day learning about Apache, the company ANSYS announced today it was planning to buy. While I can’t say that I understand exactly how PowerArtist, Totem, RedHawk and Sentinel work, here’s what I’ve learned since the first...

ANSYS to acquire Apache Design

ANSYS today announced that it intends to acquire Apache Design Solutions, Inc., which provides advanced, low power solutions in the electronics industry for approximately $310 million in cash. I am told that Apache was just about to price its IPO, so we’ll have to...

ANSYS: Growth amid global turmoil

ANSYS this morning announced that first quarter revenue was up 16% over last year and “was spread across all major geographic regions and among a broad array of industries”. On a GAAP basis, net income and diluted earnings per share increased 31% and 29%, respectively...
ANSYS: We’re optimistic and hiring

ANSYS: We’re optimistic and hiring

[Note: ANSYS provided additional information on its results last week; below is a hybrid of my original post and the updates. Many thanks to Annette Arribas, Investor Relations and Global Insurance Officer for ANSYS, for her quick response to my questions. —...

ANSYS reports, investors happy

ANSYS reported results today for the fourth quarter and fiscal 2010 that are middling from a growth perspective, but handily beat profit expectations, leading happy investors to raise the share price nearly 4% in pre-market trading.Total revenue in Q4 was $167...

ANSYS Q3: Good but slowing down?

ANSYS reported Q3 results that show continued improvement over 2009, though perhaps dampened as the market awaited the arrival of the 13.0 release of products and as pent-up demand from last year is exhausted. •Total revenue was $139.8 million, up 9% from a year ago...