Ansoft Q4 income up 75% YOY.PITTSBURGH Pittsburgh (pĭts`bərg), city (1990 pop. 369,879), seat of Allegheny co., SW Pa., at the confluence of the Allegheny and the Monongahela rivers, which there form the Ohio River; inc. 1816. -- Ansoft Ansoft Corporation (Nasdaq: ANST) is an Electronic Design Automation (EDA) vendor. The company was founded in 1984 and is headquartered in Pittsburgh, Pennsylvania, United States. Corp. posted a net income of $8.3 million for the fourth quarter of fiscal 2006, a 75% increase over the previous fourth quarter's $4.7 million net income. Revenue for the fourth quarter totaled $24.7 million, an increase of 14% compared to $21.7 million reported in the previous fiscal year's fourth quarter. Revenue for the fiscal year totaled $77.2 million, compared to $67.7 million reported in the previous fiscal year. Net income for the fiscal year was $17.8 million, representing an 89% increase when compared to net income of $9.4 million in the previous fiscal year. "We are pleased to report record revenue and earnings for the fourth quarter," said Nicholas Nicholas, Russian grand duke Nicholas (Nikolai Nikolayevich) (nyĭkəlī` nyĭkəlī`əvĭch), 1856–1929, Russian grand duke and army officer; first cousin of Czar Alexander III and grandson of Czar Csendes, Ansoft's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "For the next fiscal year, we anticipate continued revenue growth of around 10-15%." On March 7, Ansoft declared a two-for-one stock split in the form of a stock dividend, which was distributed on May 9. |
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