Magazine list recognises fast growers

Ansoft has been named in Business 2.0 magazine's annual list of the 100 fastest-growing technology companies.

Ansoft has been named in Business 2.0 magazine's annual list of the 100 fastest-growing technology companies.

The ranking is based on a three-year annualised average of revenue growth and 2005 return on stock.

Ansoft is ranked 29th overall.

According to the current issue of Business 2.0: "Tech is back, and the sector's fastest-growing companies are leading the charge".

"During the past three years, the companies in this elite group have increased sales by an average of 33% a year, stoked profits by 86% and raised cash flow by 83%".

"Wall Street has applauded, sending the Business 2.0 100's shares up an average of 38% in 2005".

"We are pleased to be named among Business 2.0 magazine's fastest-growing technology companies", said Nicholas Csendes, President and CEO of Ansoft.

"This honour affirms that our strategic vision to lead the high-performance segment of the electronic design software market is working".

"Being recognised as one of the fastest-growing technology companies worldwide is further validation of Ansoft's continued innovation and strong growth".

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