| Shares of Ansoft Rise After Hours Following Fiscal 4Q Profit That Beats Wall Street View PITTSBURGH (AP) -- Shares of Ansoft Corp., which makes electronic design automation software, rose in aftermarket trading Tuesday, after the company said its fiscal fourth-quarter profit jumped 75 percent on revenue growth and an income-tax benefit. The announcement sent Ansoft shares up 84 cents, or 4.5 percent, to $19.37 in aftermarket trading on the INET electronic exchange, after closing down 42 cents, or 2.2 percent, at $18.53 on the Nasdaq. For the quarter ended April 30, Ansoft earned $8.3 million, or 32 cents per share, compared with $4.7 million, or 18 cents per share, for the same quarter in 2005. Revenue grew to $15.7 million from $14.3 million in the year-ago period. The recent results included an income tax benefit of $1 million, or 4 cents per share, related to the reversal of the company's remaining valuation allowance for certain federal net deferred tax assets. Excluding the tax benefit and other items, Ansoft earned $8.5 million, or 33 cents per share, compared to an adjusted $4.9 million, or 19 cents per share, for the same quarter in 2005. The results came in ahead of Wall Street expectations. Analysts polled by Thomson Financial had expected earnings of 23 cents per share on $24.7 million in revenue. For the full fiscal year 2006, Ansoft earned $17.8 million, or 69 cents per share, compared to $9.4 million, or 36 cents per share the prior year. Revenue grew to $77.2 million from $67.7 million the year before. After adjustments, Ansoft's 2006 earnings were $18.7 million, or 72 cents per share, compared to $10.4 million, or 40 cents per share, the fiscal year before. Shares of Ansoft have ranged between $10.66 and $23.48 over the past year.
-------------------------------------------------------------------
Shares of Ansoft (ANST:Nasdaq) were among technology's winners Wednesday, climbing 13% after the software company posted better-than-expected fourth-quarter earnings. For the quarter ended April 30, the company earned $8.3 million, or 32 cents a share, on revenue of $24.7 million. Excluding items, Ansoft earned $8.5 million, or 33 cents a share. Analysts polled by Thomson First Call expected earnings of 23 cents a share and revenue of $24.7 million. A year earlier, the company recorded adjusted earnings of $4.9 million, or 19 cents a share, on revenue of $21.7 million. For fiscal 2007, Ansoft expects revenue growth of about 10% to 15%. Analysts, meanwhile, project revenue of $88.3 million, or top-line growth of about 14%. Shares were trading up $2.46 to $20.99. Shares of Vonage (VG:NYSE) fell nearly 12% on their first day of trading. The Internet phone-service provider's IPO priced about 31.2 million shares at $17 apiece, raising proceeds of about $531 million. The pricing came in at the midpoint of its proposed range of $16 to $18 a share. Shares were recently down $2.02 to $14.98. Daktronics (DAKT:Nasdaq) rose 6% after the maker of electronic scoreboards and displays reported better-than-expected fourth-quarter results. The company earned $7.1 million, or 35 cents a share, up from $3 million, or 15 cents a share, a year earlier. Revenue for the quarter ended April 29 jumped to $90.2 million from $6.13 million. Analysts expected earnings of 28 cents a share on revenue of $80.5 million. For the fiscal first quarter, Daktronics anticipates earnings of 27 cents to 36 cents a share and revenue of $87 million to $95 million. Analysts project earnings of 31 cents a share, with revenue of $86.6 million. Shares were trading at $42.74, up $2.24. Computer Sciences (CSC:NYSE) fell 2% after the information technology-outsourcing company posted better-than-expected fourth-quarter results but gave a soft guidance. The company earned $199.4 million, or $1.05 a share, in the March quarter. Excluding items, the company earned $218.9 million, or $1.16 a share, above analysts' target of $1.13. Revenue totaled $3.88 billion, compared with Wall Street's expectation of $3.86 billion. During the year-earlier quarter, Computer Sciences earned $411.8 million, or $2.13 a share, on revenue of $3.88 billion. Excluding items, year-earlier earnings were $185 million, or 96 cents a share. Computer Sciences sees adjusted first-quarter earnings in the mid-60-cent range on revenue of $3.4 billion to $3.5 billion. Analysts project earnings of 69 cents a share on revenue of $3.71 billion. Shares were trading down $1.03 to $53.66. Shares of Sonic Solutions (SNIC:Nasdaq) fell 7% after the company's fourth-quarter results topped expectations but its guidance disappointed investors. The software company posted adjusted earnings of $8.5 million, or 31 cents a share, on revenue of $40.4 million. Analysts expected earnings of 30 cents a share and revenue of $40.2 million. During the year-earlier period, the company earned $1.4 million, or 5 cents a share, on $35.6 million in revenue. Looking ahead, Sonic Solutions sees adjusted first-quarter earnings of 13 cents to 16 cents a share, before stock-option costs. Including all items, the company expects a profit of 11 cents to 14 cents a share. Sonic projects revenue of $36 million to $38 million. Analysts project earnings of 15 cents a share, including options costs, on revenue of $38 million. Shares were trading down $1.18 to $15.75. Other technology movers included Microsoft (MSFT:Nasdaq) , up 51 cents to $23.30; Intel (INTC:Nasdaq) , up 9 cents to $18.04; Sun Microsystems (SUNW:Nasdaq) , up 5 cents to $4.34; Cisco Systems (CSCO:Nasdaq) , up 14 cents to $20.51; Sirius Satellite Radio (SIRI:Nasdaq) , down 8 cents to $3.82; Applied Materials (AMAT:Nasdaq) , up 51 cents to $16.77; Apple Computer (AAPL:Nasdaq) , down 13 cents to $63.02; JDSU (JDSU:Nasdaq) , up 1 cent to $2.94; Oracle (ORCL:Nasdaq) , up 16 cents to $13.63; and Lucent Technologies (LU:NYSE) , down 2 cents to $2.53. |
