Ansoft Posts Q3 Results

PITTSBURGH, PA, Feb. 19, 2003 � Ansoft Corp. (www.ansoft.com) announced a net loss of $58,000 for Q3 2003, ending Jan. 31, 2003, compared to a net income of $591,000, or $0.04 per diluted share, for the same quarter one year earlier. The company posted Q3 revenue of $12.4 million, an increase of 17% sequentially over $10.6 million in the previous quarter and a decrease of 12% from $14.1 million reported in Q3 a year earlier.

"We had another quarter of strong sequential sales improvement," said Nick Csendes, Ansoft's president and CEO. "Despite the challenging environment, we are confident that the strategic decisions and technological advancements we have made this year will return Ansoft to growth and profitability in the coming year and beyond."