ANSYS, Inc. (NASDAQ:ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, Thursday announced a new Company record for second quarter non-GAAP operating results.
GAAP revenue of $92.2 million in the second quarter of 2007 compared to $62.3 million in the second quarter of 2006 and an $89 million consensus. Non-GAAP diluted earnings per share of $0.30 in the second quarter of 2007 compared to $0.21 in the second quarter of 2006 and a $0.24 consensus. GAAP diluted earnings per share of $0.23 in the second quarter of 2007 as compared to GAAP diluted loss per share of ($0.27) in the second quarter of 2006.
If that wasn’t enough, the company also raised guidance (again). The company now expects to earn $0.26-$0.27 per share in the third quarter rather than the $0.24 consensus and $1.14-$1.16 for the year rather than $1.03.
As I’ve said before, Ansys is a fast growing software maker with generally strong fundamentals. The possibility of extending their products to a broader user base reminds me of Adobe (NASDAQ:ADBE) 10 years ago.
ANSS 1-yr chart: