Our 2012 estimates are unchanged. The economic slowdown makes it less likely those figures will be revised higher, though. And if things don't pick up growth probably will remain subdued in 2013, as well. Barring a total collapse Ansys remains well positioned to sustain a high level of financial performance. It also could improve its already dominant competitive position. Free cash is running $50-$100 million per quarter, more often towards the high end of the range. That financial muscle could support further R&D and marketing improvements, plus potential acquisitions of complementary technologies.
( Click on Table to Enlarge )