Ansoft Named Among Business 2.0 Magazine's Fastest-Growing Technology Companies
May 25 2006 - 2:44PM
Business Wire
Ansoft Corporation (NASDAQ:ANST) has been named to Business 2.0
magazine's annual list of the 100 Fastest-Growing Technology
Companies. The ranking is based on a three-year annualized average
of revenue growth and 2005 return on stock. Ansoft is ranked 29th
overall. According to the current issue of Business 2.0, "Tech is
back, and the sector's fastest-growing companies are leading the
charge. During the past three years, the companies in this elite
group have increased sales by an average of 33% a year, stoked
profits by 86% and raised cash flow by 83%. Wall Street has
applauded, sending the Business 2.0 100's shares up an average of
38% in 2005." "We are pleased to be named among Business 2.0
magazine's fastest-growing technology companies," said Nicholas
Csendes, president and CEO of Ansoft. "This honor affirms that our
strategic vision to lead the high-performance segment of the
electronic design software market is working. Being recognized as
one of the fastest-growing technology companies worldwide is
further validation of Ansoft's continued innovation and strong
growth." About Business 2.0 For more information about Business 2.0
log on to www.Business2.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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