About ANSYS, Inc.

ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. 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, Pennsylvania, U.S.A., with more than 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,700 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.

Forward Looking Information

Certain statements contained in the press release regarding matters that are not historical facts, including, but not limited to, statements regarding our projections for revenue and earnings per share for the third quarter and fiscal year 2008 (both GAAP and non-GAAP, as applicable, to exclude purchase accounting for deferred revenue, acquisition-related amortization and stock-based compensation expense), statements about management's views concerning the Company's prospects in the remainder of 2008 and subsequent years, including statements about the Company’s momentum and multi-year trajectory, statements about the Company’s diversified global reach, resilient business model and technical innovations continuing to drive customer demand, statements regarding the growing need for energy efficiency, stricter environmental and regulatory mandates and customers increasingly using simulation to realize their goals for innovative product development and value creation, statements about the dedication and focus of the ANSYS team and delivery on commitments, statements about the continuing focus on customers and technology, statements about record cash flows from operations, statements and projections relating to the impact of stock-based compensation, statements regarding management's use of non-GAAP financial measures, statements regarding the Company’s third quarter and beyond visibility, and statements regarding the impact of the Ansoft acquisition are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements in this press release are subject to risks and uncertainties. These include the risk that the business of ANSYS and Ansoft may not be combined successfully or such combination may take longer or cost more to accomplish than expected, the risk that the indebtedness incurred in connection with the acquisition of Ansoft may negatively impact ANSYS’ flexibility and its financial condition, the risk that operating costs, customer loss and business disruption following the acquisition of Ansoft may be greater than expected, and risks relating to the Company’s reliance on Ansoft’s financial statements. Additional risks include, but are not limited to, the risk of a general economic downturn in one or more of ANSYS' primary geographic regions, the risk that the assumptions underlying ANSYS' anticipated revenues and expenditures will change or prove inaccurate, the risk that ANSYS has overestimated its ability to maintain growth and profitability and control costs, uncertainties regarding the demand for ANSYS' products and services in future periods, the risk that ANSYS has overestimated the strength of the demand among its customers for its products, risks of problems arising from customer contract cancellations, uncertainties regarding customer acceptance of new products, the risk that ANSYS' operating results will be adversely affected by possible delays in developing, completing, or shipping new or enhanced products, risks that enhancements to the Company's products may not produce anticipated sales, uncertainties regarding fluctuations in quarterly results, including uncertainties regarding the timing of orders from significant customers, and other factors that are detailed from time to time in reports filed by ANSYS, Inc. with the Securities and Exchange Commission, including ANSYS, Inc.'s 2007 Annual Report and Form 10-K, as amended. We undertake no obligation to publicly update or revise any forward-looking statements, whether changes occur as a result of new information or future events, after the date they were made.

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.

ANSYS, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(in thousands, except per share data)
(Unaudited)
		Three Months Ended				Six Months Ended
		June 30, 2008		June 30, 2007		June 30, 2008		June 30, 2007
Revenue:
	Software licenses	$ 73,915		$ 59,412		$ 147,551		$ 116,624
	Maintenance and service	37,331		32,799		73,240		63,446
	Total revenue	111,246		92,211		220,791		180,070
Cost of sales:
	Software licenses	2,056		2,308		4,403		4,520
	Amortization of software and acquired technology	4,768		5,382		9,952		10,724
	Maintenance and service	13,706		11,241		27,082		22,567
	Total cost of sales	20,530		18,931		41,437		37,811
Gross profit		90,716		73,280		179,354		142,259
Operating expenses:
	Selling, general and administrative	28,153		27,095		56,862		53,986
	Research and development	16,528		13,576		32,486		26,648
	Amortization	2,181		2,213		4,351		4,408
	Total operating expenses	46,862		42,884		93,699		85,042
Operating income		43,854		30,396		85,655		57,217
Interest expense		(1,242)		(1,966)		(2,227)		(3,949)
Interest income		1,212		1,113		2,808		1,975
Other income (expense)		(378)		(482)		554		(398)
Income before income tax provision		43,446		29,061		86,790		54,845
Income tax provision		15,317		10,805		32,807		20,438
Net income		$ 28,129		$ 18,256		$ 53,983		$ 34,407
Earnings per share – basic:
	Basic earnings per share	$ 0.36		$ 0.24		$ 0.69		$ 0.44
	Weighted average shares – basic	78,503		77,611		78,403		77,488
Earnings per share - diluted:
	Diluted earnings (loss) per share	$ 0.34		$ 0.23		$ 0.66		$ 0.43
	Weighted average shares – diluted	82,083		80,886		81,863		80,809

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