(ANST:NASDAQ), Trading at $32.10 is a leader in electronic design automation (EDA) software.
This is a best of breed stock and is a keeper.

Ansoft has been growing its revenue at 13.1% on average annually for the last 10 years. And for the last 12 months, sales have reached record annual levels. This is a software company, so gross margins are stratospheric -- around 97.5%. More relevant, however, it’s been consistently free cash flow positive since 2003.

I think this record growth will continue.

Intel -- an Ansoft customer -- for example, has made a lot of its future agenda public. It forecasts that cutting-edge dual-core laptops will dominate its notebook sales in the near future. Not only that, they’ll do so using as much as 10 times less power. Desktop computers could be outmoded by laptops of equal or greater power. This is fertile ground for EDA software to be entrenched in this design and development.

In wireless communications, cell phones will continue to evolve rapidly to utilize the extra bandwidth afforded by third-generation networks. You’re seeing it already. Your last cell phone probably wasn’t able to play full-motion video, but the one you just bought can play cellular versions of Lost and 24. Innovation like this drives EDA sales.