Pittsburgh Business Times Award Program Recognizes ANSYS for Outstanding Performance
The CFO of the Year Awards are given to financial professionals in the Pittsburgh region for outstanding performance in their roles as corporate financial stewards. ANSYS' CFO is one of five finalists in the "public company" category, selected from a field of 80 overall nominations. The finalists were chosen by an independent panel of judges, all of whom have specific and varying views on the role of a CFO. Judging criteria included the nominee's career achievements and contributions to the company's growth, profitability and other aspects of corporate management.
Shields has been at the helm of ANSYS finances for the past seven years. During this period, the company's revenue and net income have grown at compounded annual rates of 17% and 25%, respectively. This performance was driven by the company's continued global expansion of leading-edge engineering simulation solutions. The company has delivered superior and consistent returns to its stakeholders evidenced by a 37% compounded annual growth rate in the company's stock price from 1998 to 2004. ANSYS has often landed on many of the "fastest growing" lists, including Forbes, Business Week, Business 2.0 and FORTUNE Small Business. Most recently, ANSYS was named to the "Region's Tech 50 List" by the Pittsburgh Technology Council for demonstrating strong growth, financial strength, job growth and retention and innovative products.
"It is an honor to be selected to represent ANSYS in the financial arena," said Maria Shields of her being named as one the CFO finalists. "I am extremely fortunate and very proud to work with the incredible team at ANSYS. Together we have been following our vision of growing ANSYS to be the global leader in providing engineering simulation solutions. I look forward to the many challenges that we still face and hope that our efforts will continue to benefit ANSYS employees, customers and partners throughout the world."
The Pittsburgh Business Times CFO of the Year Award program provides many benefits to the region's business community by highlighting the growing importance of financial executives. Winners in six categories will be announced at an awards program on November 2, 2005, to be held at the Omni William Penn Hotel in downtown Pittsburgh. This is the inaugural year for the Pittsburgh Business Times CFO of the Year Award.
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost- conscious product development, from design concept to final-stage testing and validation. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 25 strategic sales locations throughout the world, ANSYS, Inc. employs approximately 600 people and distributes its products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.
About Maria Shields
Maria joined ANSYS, Inc. in 1994 as Corporate Controller and was promoted to Chief Financial Officer in 1998. As the company negotiated business acquisitions, Maria helped establish profitability, shareholder and operating metrics required to complete the transactions. She also played a key role in the integration of those businesses. In addition to contributing to the significant financial growth of ANSYS, she sits on the Board of Directors of five ANSYS subsidiaries.
Prior to joining ANSYS, Maria held a number of positions at Deloitte & Touche, where she consistently ranked at the top of her peer group and was rewarded with serving some of the firm's most prestigious clients, including Equibank and PPG Industries.
ANSYS, ANSYS Workbench, CFX, AUTODYN, and any and all ANSYS, Inc. product and service names are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries located in the United States or other countries. ICEM CFD is a trademark licensed by ANSYS, Inc. All other trademarks or registered trademarks are the property of their respective owners.
CONTACT: Kelly Wall of ANSYS, Inc., +1-724-514-3076, or
Web site: http://www.ansys.com//