ANSYS, Inc. Receives Formal Notice From The Joint Committee On Taxation That Finalizes FY 2009 And 2010 Tax Return Refund Claims
Released : 12 Dec 2013
PITTSBURGH, Dec. 12, 2013 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS), today announced that it has received a notice from the Internal Revenue Service that the Joint Committee on Taxation takes no exception to the Company's tax returns that were filed for 2009 and 2010. As a result of this notification and the final resolution of the audit of the Company's amended tax return refund claims, the Company no longer has uncertainty regarding the realization of these refunds. As such, an estimated $11 million favorable tax impact will be recorded in the Company's fourth quarter financial results. This impact was not factored into the fourth quarter or fiscal year 2013 earnings outlook that was previously provided in the Company's third quarter earnings announcement dated November 7, 2013.
About ANSYS, Inc.
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 over 2700 professionals, many of them expert in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, embedded software, system simulation and design optimization. Headquartered south of Pittsburgh, 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. The ANSYS IR App is now available for download on iTunes and Google Play. ANSYS also has a strong presence on the major social channels. To join the simulation conversation, please visit: www.ansys.com/Social@ANSYS.
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Annette Arribas, CTP
Source: ANSYS, Inc.