ANSYS, Inc. Reports Second Quarter 2008 Financial Results

SOUTHPOINTE, Pa.—(BUSINESS WIRE)—August 7, 2008— ANSYS, Inc. (NASDAQ:ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced solid second quarter non-GAAP operating results. Additionally, on July 31, 2008, ANSYS successfully completed its acquisition of Ansoft Corporation. Commenting on the second quarter performance, Jim Cashman, ANSYS President and CEO stated, “This quarter's results accentuate the momentum of recent quarters and the ANSYS multi-year trajectory. Even amid various geographic economic concerns, our diversified global reach, our resilient business model and our technical innovations continue to drive customer demand. With global competition, the growing need for energy efficiencies, and stricter environmental and regulatory mandates,... [read full story]