ANSYS Ranked on FORTUNE 100 Fastest-Growing Companies List for Second Consecutive Year

PITTSBURGH – August 24, 2010 – ANSYS (NASDAQ: ANSS) has been ranked number 39 on the 2010 FORTUNE 100 Fastest-Growing Companies list. The ranking includes ANSYS as the sole provider of product development software, a recognition that underscores the strategic value of engineering simulation as well as the ANSYS leadership position in this growing and critical market. This is the second consecutive year that ANSYS has been included in the elite FORTUNE grouping.

To qualify for 100 Fastest-Growing Companies, foreign or domestic organizations had to meet the following criteria: be trading on a major U.S. stock exchange; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2010; and have been trading continuously since June 30, 2007. The company must also have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2010. Finally, the company must have posted an annualized growth in revenue and earnings per share of at least 15 percent annually over the three years ended on or before April 30, 2010. Companies that met these criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2010.

“In the current economy, organizations need to launch superior products quickly under competitive, cost and regulatory pressures,” said Jim Cashman, president and CEO of ANSYS. “The fundamental value of ANSYS engineering simulation software is not in doing what you did yesterday 10 percent more effectively; it’s in terms of being able to do things in completely different ways, breaking the status quo, jumping to that next curve. Business as usual is not an option.”

ANSYS makes engineering simulation software that companies can use early on in the development process to predict how well a design might function and behave in the real world. Engineers and designers in a wide array of industries — including automotive, aerospace, biomedical, defense and electronics — use its products to help minimize costs and reduce the amount of time it takes to rollout a finished product.

The full list and related stories appear in the September 6, 2010 issue of FORTUNE, which is available now at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/index.html.

 

About FORTUNE

FORTUNE magazine is a global leader in business journalism with a domestic circulation of over 850,000 and a global readership of nearly 5 million, and major franchises including the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live events, hosting a wide range of annual conferences, including FORTUNE’s Most Powerful Women and the FORTUNE Global Forum. FORTUNE publishes English-language editions in Europe and Asia, and local-language editions in China and South Korea. FORTUNE magazine’s online home is CNNMoney.com, which draws 5.7 million readers a month.

 

About ANSYS, Inc.

ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia. The company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pa., U.S.A., with more than 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ more than 1,600 people and distribute ANSYS products through a network of channel partners in 40+ countries. Visit www.ansys.com for more information.

 

ANSYS, ANSYS Workbench, Ansoft, AUTODYN, CFX, FLUENT, and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

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