Here’s some great news to start off the week.
Looks like ANSYS, a global innovator of simulation software and technologies designed to optimize product development processes, was named number one in the software and services sector on Oliver Wyman’s Shareholder Performance IndexSM (SPI). This international ranking assesses the performance of firms in the communications, media and technology (CMT) industries. With an overall SPI score of 317 — three times the average — ANSYS placed 21st out of the 450 CMT companies on the list. In the technology sector, ANSYS ranked fifth, just behind well-known computer and consumer electronics manufacturers.
Oliver Wyman, an international management consulting firm, combines deep industry knowledge with specialized expertise. Its SPI analyzes the top 450 publicly quoted companies worldwide in the CMT industries that have a market capitalization of at least $70 million. The basis for Oliver Wyman’s Communications, Media, and Technology State of the Industry report, the index is designed to give senior executives insights and information to successfully navigate a highly competitive and uncertain landscape. By adjusting for the volatility of returns, currency risks, and mergers and acquisitions, the SPI enables apples-to-apples comparison of companies in widely divergent regions and sectors. It calculates shareholder value over a rolling five-year time period. Therefore, the index identifies longer-term value-migration trends, looking past distortions in the market such as last year’s volatility.
For 2008, SPI scored ANSYS sixth among all medium-cap companies (under $5 billion). “Businesses that fundamentally understand the business value that is driven by innovation turn to ANSYS for engineering simulation solutions,” said Jim Cashman, president and CEO of ANSYS, Inc. “We remain committed to investing for the long term, further strengthening our ability to deliver the industry’s most comprehensive and advanced simulation solutions.”
