Forward Looking Information
Certain statements contained in the press release regarding matters that
are not historical facts, including, but not limited to, statements
regarding our projections for revenue and earnings per share for the
fourth quarter and fiscal year 2008 and fiscal year 2009 (both GAAP and
non-GAAP, as applicable, to exclude purchase accounting for deferred
revenue, acquisition-related amortization and stock-based compensation
expense), statements about management's views concerning the Company's
prospects in the remainder of 2008 and subsequent years, including
statements about the strategic acquisition of Ansoft and its importance
as a milestone in the ANSYS journey, statements about remaining
optimistic that third quarter 2008 performance is only the beginning,
statements about continued focus and execution of the Company’s
integration plan and long-term strategy, statements about uncertainties
and confidence issues predominant in today’s
global economy, statements about continuing to forge ahead and deliver
business results in-line with the Company’s
commitments and proven strategy, statements about the Company’s
strong balance sheet, strong cash flows, solid fundamentals and
disciplined team, statements about steering through the current business
climate, statements about the Company’s
resilient business model, continuing to drive profitable growth and
delivering on the ANSYS mission to lead innovation in engineering
simulation, statements about the Company’s
solid operating performance and belief that engineering simulation
solutions remain a high priority for the Company’s
expanding customer base in a challenging economic environment,
statements about business pressures on customers to deliver innovative,
high-quality products with fewer resources having never been greater,
statements about enthusiastic responses from customers and partners to
the Company’s upcoming product launches and
long-term vision and product strategy, statements about the continued
strength of the Company’s financial
performance and validation of the Company’s
strategy to engage customers at new levels driven by the breadth and
depth of its world-class simulation capabilities, statements about the
importance of the Company’s continued focus
on customers and their increasingly complex challenges, statements about
building the foundation for the future, statements about continuing to
remain optimistic about the Company’s 2008
outlook and long-term future, statements about the realities and
challenges stemming from the economic uncertainty existing in many
markets, statements about the Company’s
internal disciplines and good business visibility, statements about
directing the Company’s focus and resources
toward delivering results in-line with its outlook for 2009, statements
about the Company’s vast array of
technologies that set it apart in the industry and continue to bring new
business and increase adoption rates of ANSYS solutions with its
existing customer base, statements about the continued validation of the
Company’s strategies and vision, statements
about the opportunity over the long haul solidifying, statements about
the ANSYS trajectory of future technology, focus on execution and
understanding business drivers enabling the Company to cope with current
and future challenges, statements about the Company’s
expanding array of customers, statements about the Company’s
commitment to continuing to focus and invest to support the needs of
customers and the Company’s business,
statements about generating long-term stockholder value, statements and
projections relating to the impact of stock-based compensation,
statements regarding management's use of non-GAAP financial measures,
statements regarding the Company’s fourth
quarter and beyond visibility, and statements regarding the impact of
the Ansoft acquisition are "forward-looking" statements (as defined in
the Private Securities Litigation Reform Act of 1995). Because such
statements are subject to risks and uncertainties, actual results may
differ materially from those expressed or implied by such
forward-looking statements. All forward-looking statements in this press
release are subject to risks and uncertainties. These include the risk
that the business of ANSYS and Ansoft may not be combined successfully
or such combination may take longer or cost more to accomplish than
expected, the risk that the indebtedness incurred in connection with the
acquisition of Ansoft may negatively impact ANSYS’
flexibility and its financial condition, the risk that operating costs,
customer loss and business disruption following the acquisition of
Ansoft may be greater than expected, and risks relating to the Company’s
reliance on Ansoft’s financial statements.
Additional risks include, but are not limited to, the risk of a general
economic downturn in one or more of ANSYS' primary geographic regions or
industry sectors, the risk that the assumptions underlying ANSYS'
anticipated revenues and expenditures will change or prove inaccurate,
the risk that ANSYS has overestimated its ability to maintain growth and
profitability and control costs, uncertainties regarding the demand for
ANSYS' products and services in future periods, the risk that ANSYS has
overestimated the strength of the demand among its customers for its
products, risks of problems arising from customer contract
cancellations, uncertainties regarding customer acceptance of new
products, the risk that ANSYS' operating results will be adversely
affected by possible delays in developing, completing, or shipping new
or enhanced products, risks that enhancements to the Company's products
may not produce anticipated sales, uncertainties regarding fluctuations
in quarterly results, including uncertainties regarding the timing of
orders from significant customers, and other factors that are detailed
from time to time in reports filed by ANSYS, Inc. with the Securities
and Exchange Commission, including ANSYS, Inc.'s 2007 Annual Report and
Form 10-K, as amended. We undertake no obligation to publicly update or
revise any forward-looking statements, whether changes occur as a result
of new information or future events, after the date they were made.