* Company Successfully Closes Ansoft Acquisition
* Company Provides Initial 2009 Outlook
SOUTHPOINTE, Pa -ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced the Company's third quarter operating results. The Company has also provided its initial outlook for the 2009 fiscal year.
Jim Cashman, president and CEO, commented on the Company's third quarter 2008 performance stating, "This quarter was another important milestone in the ANSYS journey as we completed the strategic acquisition of Ansoft. We remain optimistic that today's quarterly report, which includes two months of operations as a combined company, is only the beginning as we continue to focus and execute on our integration plan and long-term strategy for the Company. Despite uncertainties and confidence issues that are predominant in today's global economy, we continue to forge ahead and deliver business results in-line with our commitments and our proven strategy. We have a strong balance sheet, strong cash flows, solid fundamentals and a disciplined team that will help to steer us through the current business climate. We also believe that we have a resilient business model that can continue to drive profitable growth while we deliver on the ANSYS mission to lead innovation in engineering simulation. Our solid operating performance in the third quarter is a testimony to our belief that engineering simulation solutions remain a high priority for our expanding customer base even in a challenging economic environment. The business pressures on our customers to deliver innovative, high-quality products to the markets, with fewer resources, have never been greater."
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Nov 6, 2008
ANSYS Reports Strong Core Revenue Growth and Robust Operating Results for the Third Quarter
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ANSYS
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