Forbes Ranks Ansoft Among 200 Best Small Companies
October 17 2006 - 10:16AM
Business Wire
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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