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Exa Reports Fourth Quarter and Full Year Fiscal 2017 Financial Results

"We executed well during the fourth quarter, delivering net income and adjusted EBITDA that both exceeded our guidance, with revenue that was within the lower half of our guidance range," said Stephen Remondi, President and Chief Executive Officer of Exa. "For the full year, we produced top line year over year growth with license revenue increasing 14% or 12% on a constant currency basis. We also continued to realize our operating leverage potential as demonstrated by a 4.2 percentage point increase in adjusted EBITDA margin over FY 16.