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ANSYS receives no exceptions to $11 million tax refund notice

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Today ANSYS Inc. announced receipt of notice of a no exceptions to an $11 million tax refund from company filings for 2009-2010. The company did not realize this in their forward looking statements for the 2013 third quarter released in November which increases their projected EPS for the year. The fourth quarter earnings per share (EPS) will be favorably impacted by $0.11- $0.12 per share.

“ANSYS brings clarity and insight to customers' most complex design challenges through fast, accurate and reliable engineering simulation. Our technology enables organizations ― no matter their industry ― to predict with confidence that their products will thrive in the real world. Customers trust our software to help ensure product integrity and drive business success through innovation. Founded in 1970, ANSYS employs more than 2,500 professionals, many of them experts in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Headquartered south of Pittsburgh, Pennsylvania, U.S.A., ANSYS has more than 75 strategic sales locations throughout the world with a network of channel partners in 40+ countries. Visit www.ansys.com for more information.”

ANSYS has a strong social networking presence. Two webinars are scheduled for today in fluid dynamics and HF electromagnetic advancements. They are available on Facebook, Twitter, Google+ and YouTube. They have a blog which can be accessed through their homepage. ANSYS consumer Infiniti Red Bull Racing recently received the Formula One Constructor’s World Champion. ANSYS simulation technology is used by Infiniti Red Bull Racing.

"With another winning year under our belts, it's clear that ANSYS is a key component to our success," said Nathan Sykes, CFD and FEA Tools Team Leader at Infiniti Red Bull Racing. "We are confident that the speed and accuracy from ANSYS simulation solutions ultimately translates to victories on the track while helping us remain compliant with tight racing regulations."

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