ANSYS Receives Favorable Notice from IRS, Q4 EPS to be Favorably Impacted by $0.11-$0.12/Share

ANSYS

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.    (Logo: http://photos.prnewswire.com/prnh/20130430/NE03388LOGO ) About ANSYS 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.