Ansys (ANSS $54.00) reported excellent on target Q1 results. The company is the leading provider of engineering simulation software. Sales increased 16% to $158.0 million. Non-GAAP earnings climbed 21% to $.57 a share. Renewal rates stayed high. Customers added more seats to existing deals, resulting in a record 17 million dollar contracts during the quarter. Demand was especially vibrant in the electronics, automobile, and aerospace industries. Emerging areas included nuclear power safety and bioscience. Orders increased 20%. Margins were sustained at unusually high levels. Our full year estimates are unchanged.