Ansoft Corporation Third Quarter Earnings Increase More Than 50%


Pursuant to the requirement of Regulation G, the Company has provided a reconciliation of the non-GAAP financial measure to the most directly comparable GAAP financial measure. These measures differ from GAAP in that they exclude acquisition-related amortization. The Company has provided this measurement in addition to GAAP financial results because it believes the non-GAAP financial measure provides useful information to investors in that it provides additional insight into our core operations and a consistent basis for comparison between quarters not influenced by certain non-cash items. The Company does not acquire businesses on a predictable cycle. As a result, management has difficulty comparing the Company's profitability as measured by net income on a period to period basis unless it excludes acquisition-related amortization because it may appear in one period but not in the comparable period. Further, management finds it useful to exclude non-cash charges in order to more readily correlate the Company's operating activities with the Company's ability to generate cash from operations and more accurately predict liquidity requirements. Finally, this same financial measure is used by management to track the Company's performance relative to externally communicated financial targets and to competitors' operating results. The additional non-GAAP financial information presented should be considered in conjunction with, and not as a substitute for, the financial information presented in accordance with GAAP.
                                                   Three months ended
                                                       January 31,
                                                  --------------------
                                                     2006      2005
                                                  ---------- ---------

GAAP net income                                      $4,260    $2,784
Amortization of intangibles (1)                         229       257
                                                  ---------- ---------
Non-GAAP net income                                  $4,489    $3,041
                                                  ========== =========
Non-GAAP net income per diluted common share          $0.35     $0.23
                                                  ========== =========
Weighted average diluted shares used in
 calculation                                         12,957    13,390
                                                  ========== =========

(1) Amortization expense net of a 38% tax rate. 




Contact:
Ansoft Corporation
Mark Ravenstahl, 412-261-3200
Fax: 412-471-9427
Email: 
Email Contact


« Previous Page 1 | 2             

Rating:


Review Article Be the first to review this article
Featured Video
Editorial
More Editorial  
Jobs
Technical Support Engineer Germany/UK for EDA Careers at San Jose, CA
ASIC Design Engineer 2 for Ambarella at Santa Clara, CA
Verification Engineer for Ambarella at Santa Clara, CA
Timing Design Engineer(Job Number: 17001757) for Global Foundaries at Santa Clara, CA
Engr, Elec Des 2 for KLA-Tencor at Milpitas, CA
ASIC Design Engineer for Ambarella at Santa Clara, CA
Upcoming Events
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017
DVCon 2017 China, April 19, 2017, Parkyard Hotel Shanghai, China at Parkyard Hotel Shanghai Shanghai China - Apr 19, 2017
Zuken Innovation World 2017 at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy