Ansoft has announced financial results for its fourth quarter of fiscal 2006 ended April 30, 2006.

Ansoft has announced financial results for its fourth quarter of fiscal 2006 ended April 30, 2006. All references to share and per share information, except shares authorised, included in this press release have been adjusted to reflect the two-for-one stock split effected in the form of a stock dividend that was declared on March 7, 2006 and distributed on May 9, 2006. Revenue for the fourth quarter totalled $24.7 million, an increase of 14% compared to $21.7 million reported in the previous fiscal year's fourth quarter.

On a generally accepted accounting principles (GAAP) basis, net income for the fourth quarter was $8.3 million, or $0.32 per diluted share, representing a 75% increase when compared to GAAP net income of $4.7 million, or $0.18 per diluted share in the previous fiscal year's fourth quarter.

Results for the 2006 fourth quarter included a $1.0 million, or $0.04 per share, income tax benefit associated with the reversal of the Company's remaining valuation allowance for certain U.S.

Federal net deferred tax assets.

Revenue for the fiscal year totalled $77.2 million, compared to $67.7 million reported in the previous fiscal year.

On a generally accepted accounting principles (GAAP) basis, net income for the fiscal year was $17.8 million, or $0.69 per diluted share, representing an 89% increase when compared to GAAP net income of $9.4 million, or $0.36 per diluted share in the previous fiscal year.

Results for the current fiscal year include $2.4 million, or $0.09 per share, of income tax benefit for a federal tax credit claim and refund related to foreign taxes previously paid and $1.0 million, or $0.04 per share, of income tax benefit associated with the reversal of the Company's remaining valuation allowance for certain U.S.

Federal net deferred tax assets.

In addition to using GAAP results in evaluating the Company's business, management believes it is useful to measure results using a non-GAAP measure of net income, which excludes amortisation of intangible assets and the related tax benefit.

A reconciliation of the non-GAAP amounts to the appropriate GAAP amounts, for the three months and for the years ended April 30, 2006 and 2005 is included with this press release.

The additional non-GAAP financial information presented should be considered in conjunction with, and not as a substitute for, or superior to, the financial information presented in accordance with GAAP.

On a non-GAAP basis, net income for the fourth quarter was $8.5 million, or $0.33 per diluted share, representing a 72% increase when compared to non-GAAP net income of $4.9 million, or $0.19 per diluted share in the previous fiscal year's fourth quarter.

On a non-GAAP basis, net income for the fiscal year was $18.7 million, or $0.72 per diluted share, representing an 80% increase when compared to non-GAAP net income of $10.4 million, or $0.40 per diluted share, in the previous fiscal year.

'We are pleased to report record revenue and earnings for the fourth quarter,' said Nicholas Csendes, Ansoft's President and CEO.

'For the next fiscal year, we anticipate continued revenue growth of around 10-15%.' Ansoft is a leading developer of high-performance electronic design automation (EDA) software.

Engineers use Ansoft software to design state-of-the-art electronic products, such as cellular phones, Internet access devices, broadband networking components and systems, integrated circuits (ICs), printed circuit boards (PCBs), automotive electronic systems and power electronics.

Ansoft markets its products worldwide through its own direct sales force and has comprehensive customer-support and training offices throughout North America, Asia and Europe.

This press release contains forward-looking statements including those related to revenue and earnings growth for the current fiscal year that are made pursuant to the safe harbour provisions of the Private Securities Litigation Act of 1995.

These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially, including, but not necessarily limited to, management's ability to forecast revenues and control expenses and the amount, timing and structure of software licenses.

For further information regarding risks and uncertainties associated with Ansoft's business, please refer to the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section of Ansoft's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained at Ansoft's website.