Ansys is reporting today that its Q1 revenues were $121.4 million -- up 10.8% from a year ago. Net income was $34.5 million, up 6%.
Ceo Jim Cashman reflects on the last three months:
As expected, we were highly impacted by the combination of the uncertain macroeconomic environment and stiff currency headwinds. Despite these obstacles, we remain encouraged by the continued interest in our product strategy and vision.
For Q2, the company expects revenues of $118-$124 million.
For the fiscal year, revenues of $502-$552 million; fifty million is quite a spread.
Some employees at Ansys can expect to lose their jobs by June 30 -- or, as Ansys calls it, a "headcount right-sizing initiative." The company sits on $230 million in cash.