Ansys Shares Climb on Strong Forecast (at TheStreet.com)

SAN FRANCISCO -- Higher guidance and a jump in second-quarter profit at AnsysANSS pushed up shares Thursday. Revenue at the Canonsburg, Penn., maker of engineering-simulation software grew 20.6% to $111.2 million from $92.2 million for the same quarter of last year. Analysts were expecting $110.7 million, according to Thomson Reuters. Net income jumped 54% to $28.1 million, or 34 cents a share, from $18.3 million, or 23 cents a share, in the year-ago period. Excluding special charges, EPS was 42 cents. Analysts were looking for 38 cents a share. Shares in Ansys rose $2.10, or 4.7%, to $46.85 in recent trading. The company said it was raising guidance based on the performance during the first half of 2008 and completion of the acquisition of Ansoft on July 31. For the third quarter, Ansys projected revenue, excluding... [read full story]