PITTSBURGH, PA - February 14, 2008 - Ansoft Corporation (NASDAQ: ANST) today announced financial results for its third quarter of fiscal 2008 ended January 31, 2008.

Revenue for the third quarter totaled $26.1 million, an increase of 15% compared to $22.7 million reported in the previous fiscal year's third quarter.

Operating income for the third quarter was $10.0 million representing a 36% increase when compared to operating income of $7.4 million in the previous fiscal year's third quarter.

On a generally accepted accounting principles (GAAP) basis, net income for the third quarter was $6.5 million, or $0.26 per diluted share. This compares to GAAP net income of $6.3 million, or $0.24 per diluted share in the previous fiscal year's third quarter. GAAP net income for the prior year's third quarter included a tax benefit of $1.1 million, or $0.04 per diluted share for the retroactive enactment of the US Research and Development Tax Credit.

GAAP net income for the third quarter includes employee stock-based compensation expense of $0.3 million, or $0.01 per diluted share versus $0.6 million, or $0.02 per diluted share in the previous fiscal year's third quarter.

Additionally, GAAP net income for both the current and previous year's third quarter includes acquisition related amortization of $0.3 million, or $0.01 per diluted share.

"We are pleased to report strong revenue growth in both domestic and international markets," said Nicholas Csendes, Ansoft's President and CEO. "For the fourth quarter, we expect continued revenue growth of around 10-15%."

Ansoft is a leading developer of high-performance electronic design automation (EDA) software. Engineers use Ansoft software to achieve first-pass system success when designing mobile communication and Internet-access devices, broadband networking components and systems, integrated circuits (ICs), printed circuit boards (PCBs) and electromechanical systems. 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 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 management's current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statement, including, but not 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 Ansoft's public reports filed with the SEC, including, but not limited to, its annual report on Form 10-K for the fiscal year ended April 30, 2007 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 February14, 2008. Ansoft undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Ansoft's expectations.