[May 02, 2013] Ansys posts higher quarterly profit; revises outlook downward [The Pittsburgh Tribune-Review] Tweet (Pittsburgh Tribune-Review (PA) Via Acquire Media NewsEdge) May 02--Ansys Inc.'s net income increased 12 percent in the January-March quarter on higher revenue, the Cecil-based software maker said. But investors focused on the company's downward revision of its outlook for full-year earnings, with shares trading 5 percent lower on Thursday morning. Ansys said it expects net income of $2.24 to $2.36 a share for 2013. In February, the company predicted 2013 earnings of $2.25 to $2.41 a share. The company's shares were trading on the Nasdaq at $75.25, down $4.70. Net income in the first quarter was $51.0 million, or 54 cents a share, compared with $45.5 million, or 48 cents a share, in the first quarter 2012. Revenue was $197.7 million in the quarter, compared with $185.3 million the previous year. Ansys' earnings beat analyst expectations, but revenue was lower than predicted. Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or [email protected]. Most Popular Business Headlines 1. Alcoa to spend $275M to expand automotive sheet production 2. Chevron may build regional HQ at campus in Moon 3. Ansys posts higher quarterly profit; revises outlook downward 4. Loose oversight of 'Made in USA' export certificates undermines U.S. business, experts warn 5. Citizens Bank to pay $6.4M to settle federal case 6. Education Management posts a $284 million quarterly loss 7. Alcoa to consider more plant closings to cut costs 8. Nissan cuts prices on 7 U.S. models 9. Chevron may build regional HQ at campus in Moon 10. SEC lacks rules but starts filing complaints of fraud ___ (c)2013 The Pittsburgh Tribune-Review (Greensburg, Pa.) Visit The Pittsburgh Tribune-Review (Greensburg, Pa.) at www.pittsburghlive.com/x/pittsburghtrib Distributed by MCT Information Services [ Back To TMCnet.com's Homepage ]