Wedbush Downgrades ANSYS (ANSS) to Neutral

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Go back to Wedbush Downgrades ANSYS (ANSS) to Neutral

ANSYS Reports First Quarter 2016 Financial Results

May 5, 2016 7:09 AM EDT

Including Strong Earnings & Margins - Updates FY 2016 Guidance  

Selected First Quarter Results:

GAAP revenue of $225.9 million and non-GAAP revenue of $226.0 millionGAAP diluted earnings per share of $0.63 and non-GAAP diluted earnings per share of $0.77Operating cash flows of $108.6 millionGAAP operating profit margin of 37.6% and non-GAAP operating profit margin of 46.4%Record high deferred revenue and backlog of $506.4 million at March 31, 2016Repurchase of 500,000 shares in the first quarter at an average price of $85.37 per shareAnnual Meeting of Stockholders on May 20, 2016 and 2016 Investor Day on June 2, 2016

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