| Ansys Likes 2012 Outlook for Electronics |
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| Written by Mike Buetow | |||
| Monday, 07 May 2012 15:21 | |||
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PITTSBURGH, PA -- Ansys's chief executive last week offered a fairly positive view of several key electronics end-markets, saying the EDA company sees ongoing demand for automotive, aerospace and industrial equipment. "Our industry composition continues to be diverse while exhibiting particular strengths in a few sectors like automotive, aerospace, energy, industrial equipment and electronics. We added new customers and also continued to see new sales and strong renewals at our existing account base, where we're in virtually all of the top 100 industrial companies in the world," CEO Jim Cashman said on a May 3 conference call with investors. Cashman added that North America and Korea have been "quite strong" in electronics. Ansys, which makes simulation software for designing printed circuit boards and other equipment, also tightened its revenue guidance for 2012, raising the bottom parameter to $810 million.
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