ANNUAL PERFORMANCE
Ansys expects stellar growth to slow in tough environment
After an exceptional performance in the 2017 financial year, Ansys expects moderate growth in 2018 due to the tough economic environment. The technology group’s headline earnings per share trebled to 14.71c. Revenue rose 70% to R806m, lifted by the demand for its products from the defence and cyber security, mining and industrial as well as the telecommunications industries. The performance also includes the 12-month financial results of Parsec, which was bought in 2015. Total net profit was up 239.2% to R67.8m. CEO Teddy Daka said the challenging environment was expected to increase margin pressure within most of Ansys’ local businesses. Internationally, the outlook appeared "more favourable but is only expected to contribute meaningfully over the medium-term". Ansys develops, produces, distributes and integrates technology-driven solutions for rail, mining and industrial, defence and information security, as well as telecommunications. Ansys’s telecoms segment increased revenue by...
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