Synopsys Inc. (NASDAQ:SNPS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Synopsys Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 24.53% to $0.66 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Rose 15.43% to $499.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Synopsys Inc. reported adjusted EPS income of $0.66 per share. By that measure, the company beat the mean analyst estimate of $0.63. It beat the average revenue estimate of $496.27 million.
Quoting Management: “Synopsys again delivered strong results in Q2, and as a result we are raising our operating cash flow and non-GAAP earnings per share targets for the year,” said Aart de Geus, chairman and co-CEO of Synopsys. “The latest silicon technologies offer high value but also great technical challenges. Because of this, more and more customer executives are sharing with us where they are heading and how Synopsys can help them succeed, leading to robust demand and market momentum.”
Key Stats (on next page)…