Business Services Industry
Ansoft in the Top 25 of Business 2.0's Annual Fastest-Growing Tech Company List
Business Wire, May 24, 2007
PITTSBURGH -- Ansoft Corporation (NASDAQ:ANST) for the second consecutive year has been named to Business 2.0 magazine's annual list of the 100 Fastest-Growing Technology Companies.
Ansoft is ranked 22nd, improving upon last year's ranking of 29. The ranking is based on growth in revenue, profit and operating cash flow during the past three years, and the 12-month stock return as of Dec. 31, 2006. Additionally, Ansoft ranks 20th in total stock return and 2nd in the state of Pennsylvania.
"Most of Business 2.0's 100 fastest-growing tech companies saw their shares surge, along with sales and earnings," according to Business 2.0. "The outfits on our latest annual list are posting impressive results."
"It is a great honor to be recognized as one of the top 25 fastest-growing technology companies in the U.S. by Business 2.0," said Nicholas Csendes, president and CEO of Ansoft. "We continue to expand our market share in the high-performance segment of the electronic design software market. This recognition is a validation of our strategic vision, and we anticipate continued innovation and strong growth."
About Business 2.0
BUSINESS 2.0 magazine, uncovers emerging business opportunities and explores the new ways smart companies--and the people who lead them--are using strategy, technology and innovation to succeed. The magazine is published by the Time Inc. Business & Finance Network, a division of Time Warner Inc., the world's largest media company. For more information about Business 2.0 log on to www.Business2.com or www.CNNMoney.com.
About Ansoft
Ansoft is a leading developer of high-performance electronic design automation (EDA) software. Engineers use Ansoft software to design state-of-the-art electronic products, such as cellular phones, Internet-access devices, broadband networking components and systems, integrated circuits (ICs), printed circuit boards (PCBs), automotive electronic systems and power electronics. Ansoft markets its products worldwide through its own direct sales force and has comprehensive customer-support and training offices throughout North America, Asia and Europe. For more information, please visit www.ansoft.com.
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