SOUTHPOINTE, Pa., March 3, 2008 (PRIME NEWSWIRE) -- ANSYS, Inc. (Nasdaq:ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced that it has been listed among top performers on the 2007 Shareholder Scoreboard compiled by The Wall Street Journal.
The Scoreboard is the newspaper's annual ranking of 1,000 companies in 75 industries, based on their stock performance over the past year as well as over the past 3-year, 5-year and 10-year periods. ANSYS was ranked #9 on the best performers' 10-year list, with a 36.8 percent average annual return for a decade.
In addition, ANSYS was ranked #1 in the Software Industry Group with a 1-year return of 90.7 percent, as well as #14 on the Scoreboard's Honor Roll, a compilation of companies that earned straight-A ratings, ranked on five-year average compound annual total returns through year-end 2007. These organizations were in the top 20 percent of companies evaluated for the past one, three, five and ten years.
Richard Davis of Needham & Co., who has been covering ANSYS for a decade, remarks, "Baseball great Ernie Banks once said 'Let's play two!' ANSYS investors are looking forward to another decade of growth from the simulation juggernaut. It won't be easy, but we believe simulation software sales could grow five-fold over the next 10 years and we see no reason to believe that ANSYS won't be riding this wave all the way. As broken-hearted Patriots fans know, perfect seasons are difficult to deliver. ANSYS has a 41-quarter winning streak going. This hasn't come easily and all streaks sometimes hit a road bump; we believe ANSYS is well-positioned to put together another very good 10-year record. How do you tack on another decade of impressive growth? A good place to start is to be the world's largest, fastest growing and most profitable simulation software vendor. ANSYS is the Dean Smith of software -- this is a talented, teamwork-focused juggernaut that has literally run circles around its competition. Will the winning streak of good results continue another decade? We think so."
Jim Cashman, president and CEO at ANSYS, Inc. states, "We knew executing our vision would take time, commitment, focus and investment. While this is a long-term journey, we are seeing the benefits today. This recognition is a great testament to the long-term commitment of our employees, and while this honor is based on past performance, we feel our continued expansion of technology, partners and customers provides a solid foundation for future opportunities to excel over the next ten years."
The Wall Street Journal's Shareholder Scoreboard originally was developed 13 years ago to provide investors with a long-term perspective on the creation of value in the stock market.
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 40 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.
About The Wall Street Journal
The Wall Street Journal, the world's leading business publication, is the flagship publication of Dow Jones. With a print and online circulation of more than 2 million, the Journal reaches the nation's top business and political leaders as well as investors across the country. The newspaper seeks to help its readers succeed by providing essential and relevant information, presented fairly and accurately, from a dependable and trusted source.
About Needham & Company
Needham & Company, LLC is a nationally recognized investment banking and asset management firm focused primarily on serving emerging growth industries and their investors.
Forward Looking Information
The Company cautions investors that its performance is subject to risks and uncertainties. Some matters discussed in this document may constitute forward-looking statements that involve risks and uncertainties which could cause actual results to differ materially from those projected. These risks and uncertainties are discussed at length, and may be amended from time to time, in the Company's Annual Report to Stockholders and its filings with the SEC, including our most recent filings on Forms 10-K and 10-Q. We undertake no obligation to publicly revise any forward-looking statements, whether changes occur as a result of new information update or for future events, after the date they were made.
ANSYS, ANSYS Workbench, 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.