PITTSBURGH, PA - February 14, 2006 - Ansoft Corporation (NASDAQ: ANST) today announced financial results for its third quarter of fiscal 2006 ended January 31, 2006.

Revenue for the third quarter totaled $19.7 million, an increase of 13% compared to $17.4 million reported in the previous fiscal year's third quarter. On a non-GAAP basis, net income for the third quarter was $4.5 million, or $0.35 per diluted share, representing a 52% increase when compared to non-GAAP net income of $3.0 million, or $0.23 per diluted share in the previous fiscal year's third quarter. On a generally accepted accounting principles (GAAP) basis, net income for the third quarter was $4.3 million, or $0.33 per diluted share, compared to GAAP net income of $2.8 million, or $0.21 per diluted share in the previous fiscal year's third quarter.

Non-GAAP financial measures exclude the impact of acquisition-related amortization. A reconciliation of these amounts to the appropriate GAAP amounts, for the three months ended January 31, 2006 and 2005 is included with this press release.

"We had an excellent quarter with more than 50% growth in earnings," said Nicholas Csendes, Ansoft's President and CEO. "For the fourth quarter, we expect record revenues and record earnings."

Ansoft is a leading developer of high-performance electronic design automation (EDA) software. Engineers use Ansoft software to design state-of-the-art electronic products, such as cellular phones, internet access devices, broadband networking components and systems, integrated circuits (ICs), printed circuit boards (PCBs), automotive electronic systems and power electronics. Ansoft markets its products worldwide through its own direct sales force and has comprehensive customer-support and training offices throughout North America, Asia and Europe.

This press release contains forward-looking statements including those related to revenue and earnings growth for the current fiscal year that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially, including, but not necessarily limited to, management's ability to forecast revenues and control expenses and the amount, timing and structure of software licenses.

For further information regarding risks and uncertainties associated with Ansoft's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section of Ansoft's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained at Ansoft's website at www.ansoft.com/about/investor/index.cfm.

All information in this release is as of February 14, 2006. Ansoft undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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Mark Ravenstahl
TEL: 412.261.3200
FAX: 412.471.9427