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Ansys: 2Q Earnings Snapshot

August 6, 2018

CANONSBURG, Pa. (AP) _ Ansys Inc. (ANSS) on Monday reported second-quarter net income of $92.6 million.

The Canonsburg, Pennsylvania-based company said it had profit of $1.08 per share. Earnings, adjusted for one-time gains and costs, were $1.35 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The maker of engineering-simulation software posted revenue of $305.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $290.4 million.

For the current quarter ending in October, Ansys expects its per-share earnings to range from 93 cents to $1.07.

The company expects full-year earnings in the range of $4.87 to $5.14 per share.

Ansys shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $175.66, a climb of 41 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANSS at https://www.zacks.com/ap/ANSS

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