ANSYS, Inc. Receives Formal Notice From The Joint Committee On Taxation That Finalizes FY 2009 And 2010 Tax Return Refund Claims

Company's fourth quarter EPS will be favorably impacted by approximately $11 million, or $0.11 - $0.12 per share

PITTSBURGH, Dec. 12, 2013 — (PRNewswire) —

PITTSBURGH, Dec. 12, 2013 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS), today announced that it has received a notice from the Internal Revenue Service that the Joint Committee on Taxation takes no exception to the Company's tax returns that were filed for 2009 and 2010. As a result of this notification and the final resolution of the audit of the Company's amended tax return refund claims, the Company no longer has uncertainty regarding the realization of these refunds.  As such, an estimated $11 million favorable tax impact will be recorded in the Company's fourth quarter financial results. This impact was not factored into the fourth quarter or fiscal year 2013 earnings outlook that was previously provided in the Company's third quarter earnings announcement dated November 7, 2013.   

About ANSYS

ANSYS brings clarity and insight to customers' most complex design challenges through fast, accurate and reliable engineering simulation. Our technology enables organizations ― no matter their industry ― to predict with confidence that their products will thrive in the real world. Customers trust our software to help ensure product integrity and drive business success through innovation. Founded in 1970, ANSYS employs more than 2,500 professionals, many of them experts in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Headquartered south of Pittsburgh, Pennsylvania, U.S.A., ANSYS has more than 75 strategic sales locations throughout the world with a network of channel partners in 40+ countries. Visit www.ansys.com for more information. 

ANSYS also has a strong presence on the major social channels.  To join the simulation conversation, please visit: www.ansys.com/Social@ANSYS  

ANSYS and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

Financial: ANSS-F

Contact

Investors

Annette Arribas, CTP



724.514.1782



annette.arribas@ansys.com   





Media

Tom Smithyman



724.514.3076



tom.smithyman@ansys.com

SOURCE ANSYS, Inc.

Contact:
ANSYS, Inc.
Web: http://www.ansys.com




Review Article Be the first to review this article
CST: Webinar September 14, 2017

Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Real Intent: Leveraging on Investments
More Editorial  
Jobs
Field Application Engineer for Teradyne Inc at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
FPGA Engineer for Teradyne Inc at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Analog Hardware Engineer for Teradyne Inc at San Jose, CA
Upcoming Events
CODES+ISSS 2017, Oct 15-20, 2017, Lotte Hotel, Seoul, South Korea at Lotte Hotel Seoul Korea (North) - Oct 15 - 20, 2017
DVCon 2017 Europe, Oct 16 - 17, 2017, Munich, Germany at Holiday Inn Munich City Centre Munich Germany - Oct 16 - 17, 2017
11th International Symposium on Networks-on-Chip (NOCS 2017) at Seoul Korea (South) - Oct 19 - 20, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise