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ANST Ansoft Corp (MM)

35.71
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ansoft Corp (MM) NASDAQ:ANST NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.71 0 01:00:00

Forbes Ranks Ansoft Among 200 Best Small Companies

17/10/2006 3:16pm

Business Wire


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Ansoft Corporation (NASDAQ:ANST), a leading developer of high-performance electronic design automation (EDA) software, today announced that Forbes magazine has ranked the company 82nd on its annual list of the 200 Best Small Companies. “Our list of the 200 Best Small Companies ferrets out the most robust, fundamentally disciplined public outfits with sales between $5 million and $750 million,” wrote Jack Gage in Forbes. “These winners have come through a tough year, contending with suddenly high-energy costs and a string—only recently broken—of 17 interest rate hikes by the U.S. Federal Reserve. Not surprisingly, most of these 200 scrappy players carry low debt burdens. Twenty-one companies grew too large for our list this year; roughly 30% of last year's members were not invited back, typically because of declining earnings in recent quarters.” Inclusion on the Forbes annual list requires companies to meet a series of financial benchmarks, including annual sales criteria and profit margins of greater than 5 percent with positive sales and profit growth, on average, over both the last five years and last twelve months. "We are pleased to be included on the list of the top financial performers for small companies as defined by Forbes," said Nicholas Csendes, Ansoft's president and CEO. "Our inclusion on the list recognizes Ansoft’s record of continuous profitable growth and is testament to our focus on executing our business model. We are excited about the growth prospects for our innovative simulation software that is used by engineers to design high-performance electronic products and we anticipate continued revenue growth and expanding profit margins." To learn more about the 200 Best Small Companies, visit www.forbes.com/lists/2006/23/biz_06200best_The-200-Best-Small- Companies_land.html (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) or see the print edition of Forbes dated Oct. 30, 2006. About Forbes Forbes is a privately held publishing and news media company. Its flagship publication is Forbes, the oldest of the nation's major business magazines, which will celebrate its 90th Anniversary in 2007. In an industry increasingly dominated by public conglomerates, Forbes remains one of the largest and most successful family businesses of its kind. In recent years the company has expanded to include Forbes.com, Forbes Conference Group, Forbes Custom Media, and American Heritage. In August 2006 Elevation Partners, a private equity firm, became a minority shareholder in a newly formed company, Forbes Media LLC. For more information, visit www.forbesinc.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. Ansoft Corporation (NASDAQ:ANST), a leading developer of high-performance electronic design automation (EDA) software, today announced that Forbes magazine has ranked the company 82nd on its annual list of the 200 Best Small Companies. "Our list of the 200 Best Small Companies ferrets out the most robust, fundamentally disciplined public outfits with sales between $5 million and $750 million," wrote Jack Gage in Forbes. "These winners have come through a tough year, contending with suddenly high-energy costs and a string--only recently broken--of 17 interest rate hikes by the U.S. Federal Reserve. Not surprisingly, most of these 200 scrappy players carry low debt burdens. Twenty-one companies grew too large for our list this year; roughly 30% of last year's members were not invited back, typically because of declining earnings in recent quarters." Inclusion on the Forbes annual list requires companies to meet a series of financial benchmarks, including annual sales criteria and profit margins of greater than 5 percent with positive sales and profit growth, on average, over both the last five years and last twelve months. "We are pleased to be included on the list of the top financial performers for small companies as defined by Forbes," said Nicholas Csendes, Ansoft's president and CEO. "Our inclusion on the list recognizes Ansoft's record of continuous profitable growth and is testament to our focus on executing our business model. We are excited about the growth prospects for our innovative simulation software that is used by engineers to design high-performance electronic products and we anticipate continued revenue growth and expanding profit margins." To learn more about the 200 Best Small Companies, visit www.forbes.com/lists/2006/23/biz_06200best_The-200-Best-Small- Companies_land.html (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) or see the print edition of Forbes dated Oct. 30, 2006. About Forbes Forbes is a privately held publishing and news media company. Its flagship publication is Forbes, the oldest of the nation's major business magazines, which will celebrate its 90th Anniversary in 2007. In an industry increasingly dominated by public conglomerates, Forbes remains one of the largest and most successful family businesses of its kind. In recent years the company has expanded to include Forbes.com, Forbes Conference Group, Forbes Custom Media, and American Heritage. In August 2006 Elevation Partners, a private equity firm, became a minority shareholder in a newly formed company, Forbes Media LLC. For more information, visit www.forbesinc.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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