PITTSBURGH – BusinessWeek ranked Ansoft Corp. 25th on its annual Hot Growth list of America's 100 fastest-growing small companies, improving upon last year's ranking of 46.
"Convergence is more than just a wonky buzz word at Ansoft. It's the engine of this Pittsburgh software maker's growth," writes BusinessWeek. "Ansoft rode the wave of the tech boom and now sees a new spurt of growth as devices get smaller and more complex." The top 25 Hot Growth companies "are among the most innovative and nimble players around," according to the magazine. "They're determined to be faster, and better, than the next guy."
After analyzing data from 10,000 public companies with revenues of $50 million to $1.5 billion a year, BusinessWeek selected the top 100 finalists whose sales, earnings and return on capital grew the fastest over three years.
"We're honored that BusinessWeek once again recognized Ansoft among the 100 fastest-growing small companies in America," said Nicholas Csendes, Ansoft's president and CEO. "Ansoft's focus on helping its customers profitably design high-performance electronic products found in the computer, communications, automotive, semiconductor and consumer electronics industries is the driving force behind the company's continued growth."
WILSONVILLE, OR – Mentor Graphics Corp. today announced first quarter revenue of $190.5 million, up 8% from the prior year first quarter. On a GAAP basis, diluted earnings per share were breakeven. Earnings per share were $.12 on a non-GAAP basis, up 50% over the prior year first quarter. Bookings were up 15% over the previous first quarter. These results reflect the change in fiscal year with the first quarter running February 1 to April 30,2007.
During the quarter, the company launched its next generation Veloce hardware-assisted verification platform. Already in use with multiple customers, the platform offers as much as a three to five times improvement over previous solutions. The company also launched Board Station XE, its next generation Board Station PCB design flow for enterprise customers.
“The business momentum of 2006 has continued into 2007,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “Stronger industry conditions, combined with company specific strengths, like our new Veloce emulator and automotive products, should continue to drive positive results in 2007.”
North America bookings were up nearly 70%, year on year. Pacific Rim bookings were up 15%, while Europe was down 5% and Japan bookings were down 30%. Split of bookings by geography was North America 45%, Europe 25%, Japan 15% and Pacific Rim 15%. Split of revenue by geography was North America 45%, Europe 25%, Pacific Rim 15%, and Japan 15%.
“The first quarter was strong despite a lack of significant lease renewal activity,” said Gregory K. Hinckley, president of Mentor Graphics. “New customer accounts were up sharply in the first quarter, which we see as a bullish sign. This, combined with a strong renewal outlook for the second half of the year, gives us increased confidence in our outlook.”
SMYRNA, GA –UP Media Group Inc. (UPMG) is pleased to announce that PCB Design Conference East 2008 will be held on May 11-16, 2008, at the Holiday Inn Select & Convention Center in Tinley Park, IL. The hotel is conveniently located southwest of downtown Chicago just off Interstate 80 and only 29 miles from O’Hare International Airport.
PITTSBURGH – Ansoft Corp. reported record financial results for its fourth quarter of fiscal 2007 ended April 30, 2007. Revenue for the fourth quarter totaled $28.6 million, an increase of 16% compared to $24.7 million reported in the previous fiscal year's fourth quarter.
On a generally accepted accounting principles (GAAP) basis, net income for the fourth quarter was $7.9 million compared to GAAP net income of $8.3 million. GAAP net income for the previous fiscal year's fourth quarter included a $1 million income tax benefit associated with the reversal of the company's remaining valuation allowance for certain U.S. Federal net deferred tax assets.
GAAP net income for the current quarter includes acquisition related amortization of $0.3 million. This compares to acquisition related amortization of $0.4 million in the previous fiscal year's fourth quarter.
"We experienced strong revenue growth and are pleased to report record revenue for the fourth quarter," said Nicholas Csendes, Ansoft's president and CEO. "For the next fiscal year, we anticipate continued revenue growth of around 10-15%."
Revenue for the fiscal year totaled $89.1 million, an increase of 15% compared to $77.2 million reported in the previous fiscal year.